Africa: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in Africa

In 2022, the African tall oil fatty acids market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. The total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level of $X, and then contracted notably in the following year.

Production of Industrial Tall Oil Fatty Acids in Africa

In value terms, tall oil fatty acids production reduced slightly to $X in 2022 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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Exports of Industrial Tall Oil Fatty Acids

Exports in Africa

In 2022, the amount of industrial tall oil fatty acids exported in Africa dropped dramatically to X tons, waning by X% against the year before. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tall oil fatty acids exports declined to $X in 2022. In general, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Egypt (X tons), South Africa (X tons) and Algeria (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Kenya (X tons) and Mozambique (X tons), together committing a X% share of total exports. Senegal (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kenya (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Egypt ($X), South Africa ($X) and Mozambique ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Algeria, Senegal and Kenya lagged somewhat behind, together accounting for a further X%.

Senegal, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Industrial Tall Oil Fatty Acids

Imports in Africa

In 2022, after two years of growth, there was significant decline in supplies from abroad of industrial tall oil fatty acids, when their volume decreased by X% to X tons. In general, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped notably in the following year.

In value terms, tall oil fatty acids imports shrank to $X in 2022. Total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

South Africa was the main importing country with an import of about X tons, which recorded X% of total imports. Kenya (X tons) held the second position in the ranking, followed by Algeria (X tons), Egypt (X tons), Angola (X tons) and Malawi (X tons). All these countries together took approx. X% share of total imports. Sudan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Angola (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tall oil fatty acids importing markets in Africa were South Africa ($X), Kenya ($X) and Egypt ($X), with a combined X% share of total imports. Angola, Algeria, Malawi and Sudan lagged somewhat behind, together accounting for a further X%.

Angola, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Angola ($X per ton), while Sudan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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