Report Update Apr 1, 2024

ECOWAS - Acyclic Hydrocarbons - Market Analysis, Forecast, Size, Trends and Insights

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ECOWAS: Acyclic Hydrocarbons Market 2024

Acyclic Hydrocarbons Market Size in ECOWAS

In 2020, the ECOWAS acyclic hydrocarbons market decreased by X% to $X for the first time since 2017, thus ending a two-year rising trend. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019, and then declined modestly in the following year.

Acyclic Hydrocarbons Production in ECOWAS

In value terms, acyclic hydrocarbons production contracted modestly to $X in 2020 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of production peaked at $X in 2019, and then fell in the following year.

Acyclic Hydrocarbons Exports

Exports in ECOWAS

Acyclic hydrocarbons exports reduced markedly to X tons in 2020, which is down by X% against the year before. Overall, exports faced a sharp downturn. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

In value terms, acyclic hydrocarbons exports fell remarkably to $X in 2020. In general, exports recorded a precipitous decline. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Nigeria (X tons), together accounting for X% of total export.

Nigeria was also the fastest-growing in terms of the acyclic hydrocarbons exports, with a CAGR of X% from 2012 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest acyclic hydrocarbons supplier in ECOWAS.

From 2012 to 2020, the average annual rate of growth in terms of value in Nigeria amounted to X%.

Export Prices by Country

In 2020, the export price in ECOWAS amounted to $X per ton, with an increase of X% against the previous year. Export price indicated measured growth from 2012 to 2020: its price increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, acyclic hydrocarbons export price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2014 an increase of X%. The level of export peaked in 2020 and is expected to retain growth in the near future.

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

From 2012 to 2020, the rate of growth in terms of prices for Nigeria amounted to X% per year.

Acyclic Hydrocarbons Imports

Imports in ECOWAS

In 2020, overseas purchases of acyclic hydrocarbons increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2020 and are likely to continue growth in years to come.

In value terms, acyclic hydrocarbons imports surged to $X in 2020. In general, imports enjoyed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2020. Togo (X tons) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the acyclic hydrocarbons imports, with a CAGR of X% from 2012 to 2020. At the same time, Togo (X%) displayed positive paces of growth. While the share of Nigeria (X p.p.) increased significantly in terms of the total imports from 2012-2020, the share of Togo (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported acyclic hydrocarbons in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Togo ($X), with a X% share of total imports.

In Nigeria, acyclic hydrocarbons imports increased at an average annual rate of X% over the period from 2012-2020.

Import Prices by Country

In 2020, the import price in ECOWAS amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a deep setback. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, amid the top importers, the country with the highest price was Togo ($X per ton), while Nigeria amounted to $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Togo (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acyclic hydrocarbons in ECOWAS?

Nigeria remains the largest acyclic hydrocarbons consuming country in ECOWAS, comprising approx. 52% of total volume. Moreover, acyclic hydrocarbons consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Ghana, sixfold. The third position in this ranking was held by Niger, with an 8.4% share.

What are the largest producers of acyclic hydrocarbons in ECOWAS?

Nigeria remains the largest acyclic hydrocarbons producing country in ECOWAS, accounting for 52% of total volume. Moreover, acyclic hydrocarbons production in Nigeria exceeded the figures recorded by the second-largest producer, Ghana, sixfold. The third position in this ranking was held by Niger, with an 8.1% share.

What are the leading exporters of acyclic hydrocarbons in ECOWAS?

In value terms, Nigeria remains the largest acyclic hydrocarbons supplier in ECOWAS.

What are the leading importers of acyclic hydrocarbons in ECOWAS?

In value terms, Nigeria constitutes the largest market for imported acyclic hydrocarbons in ECOWAS, comprising 85% of total imports. The second position in the ranking was held by Togo, with a 3.3% share of total imports.

What is the average export price for acyclic hydrocarbons in ECOWAS?

The export price in ECOWAS stood at $1,753 per ton in 2020, growing by 8.7% against the previous year.

What is the average import price for acyclic hydrocarbons in ECOWAS?

The import price in ECOWAS stood at $1,036 per ton in 2020, rising by 2.7% against the previous year.

This report provides an in-depth analysis of the acyclic hydrocarbons market in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141120 - Saturated acyclic hydrocarbons
Prodcom 20141130 - Ethylene
Prodcom 20141140 - Propene (propylene)
Prodcom 20141150 - Butene (butylene) and isomers thereof
Prodcom 20141160 - Buta-1,3-diene and isoprene
Prodcom 20141165 -
Prodcom 20141167 -
Prodcom 20141190 - Unsaturated acyclic hydrocarbons (excluding ethylene, p ropene, butene, buta-1,3-diene and isoprene)

Country coverage:

Benin
Burkina Faso
Cabo Verde
Cote d'Ivoire
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Niger
Nigeria
Senegal
Sierra Leone
Togo

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in ECOWAS, split by region and country
Trade (exports and imports) in ECOWAS
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023