Africa: O-Xylene Market 2024

O-Xylene Market Size in Africa

The African o-xylene market shrank modestly to $X in 2022, dropping by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

O-Xylene Production in Africa

In value terms, o-xylene production shrank modestly to $X in 2022 estimated in export price. The total production indicated a prominent 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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O-Xylene Exports

Exports in Africa

In 2022, shipments abroad of o-xylene decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then contracted remarkably in the following year.

In value terms, o-xylene exports soared to $X in 2022. Overall, exports, however, posted measured growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

South Africa was the major exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Tunisia (X tons), generating a X% share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Tunisia (X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of South Africa and Tunisia increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest o-xylene supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Tunisia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at X%.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, saw a deep setback. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while South Africa stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (X%).

O-Xylene Imports

Imports in Africa

In 2022, after three years of growth, there was significant decline in purchases abroad of o-xylene, when their volume decreased by X% to X tons. Total imports indicated a modest increase from 2012 to 2022: its volume 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 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, o-xylene imports rose sharply to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

South Africa dominates imports structure, accounting for X tons, which was near X% of total imports in 2022. The following importers - Zimbabwe (X tons), Angola (X tons) and Tunisia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to o-xylene imports into South Africa stood at X%. At the same time, Angola (X%), Zimbabwe (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. South Africa (X p.p.), Zimbabwe (X p.p.) and Angola (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported o-xylene in Africa, comprising X% of total imports. The second position in the ranking was taken by Angola ($X), with a X% share of total imports. It was followed by Zimbabwe, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Angola (X% per year) and Zimbabwe (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, saw a perceptible setback. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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