ECOWAS: Market for Acyclic Ethers And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives 2024

Market Size for Acyclic Ethers And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives in ECOWAS

The ECOWAS market for acyclic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives contracted slightly to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption continues to indicate a pronounced decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Acyclic Ethers And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives in ECOWAS

In value terms, production of acyclic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives dropped modestly to $X in 2023 estimated in export price. Over the period under review, production showed a noticeable setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Acyclic Ethers And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives

Exports in ECOWAS

For the third consecutive year, ECOWAS recorded growth in overseas shipments of acyclic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives, which increased by X% to X kg in 2022. In general, exports, however, faced a sharp reduction. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of acyclic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives declined markedly to $X in 2022. Over the period under review, exports, however, recorded a significant curtailment. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Ghana (X kg) represented roughly X% of total exports in 2022.

Ghana experienced a relatively flat trend pattern with regard to volume of exports of acyclic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives. Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

From 2013 to 2022, the average annual growth rate of value in Ghana was relatively modest.

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price, however, showed a strong expansion. The pace of growth was the most pronounced in 2017 an increase of X%. The level of export peaked at $X per ton in 2022, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2023, the rate of growth in terms of prices for Ghana amounted to X% per year.

Imports of Acyclic Ethers And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives

Imports in ECOWAS

In 2023, after two years of decline, there was significant growth in overseas purchases of acyclic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives, when their volume increased by X% to X tons. Over the period under review, imports recorded a resilient expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, imports of acyclic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives surged to $X in 2023. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

Senegal was the key importing country with an import of about X tons, which reached X% of total imports. Nigeria (X tons) ranks second in terms of the total imports with a X% share, followed by Cote d'Ivoire (X%).

From 2012 to 2023, average annual rates of growth with regard to acyclic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives imports into Senegal stood at X%. At the same time, Nigeria (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. Cote d'Ivoire experienced a relatively flat trend pattern. While the share of Nigeria (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Cote d'Ivoire (X p.p.) displayed negative dynamics.

In value terms, Senegal ($X), Cote d'Ivoire ($X) and Nigeria ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Nigeria, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 ECOWAS stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform