ECOWAS: Market for Acyclic Ketones Without Other Oxygen Function (Excluding Acetone, Butanone (Methyl Ethyl Ketone), 4-Methylpentan-2- One (Methyl Isobutyl Ketone)) 2024

Market Size for Acyclic Ketones Without Other Oxygen Function (Excluding Acetone, Butanone (Methyl Ethyl Ketone), 4-Methylpentan-2- One (Methyl Isobutyl Ketone)) in ECOWAS

The ECOWAS market for acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), X-methylpentan-2- one (methyl isobutyl ketone)) dropped to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, recorded buoyant growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Acyclic Ketones Without Other Oxygen Function (Excluding Acetone, Butanone (Methyl Ethyl Ketone), X-Methylpentan-2- One (Methyl Isobutyl Ketone)) in ECOWAS

In value terms, production of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), X-methylpentan-2- one (methyl isobutyl ketone)) shrank modestly to $X in 2022 estimated in export price. The total production indicated strong 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Acyclic Ketones Without Other Oxygen Function (Excluding Acetone, Butanone (Methyl Ethyl Ketone), 4-Methylpentan-2- One (Methyl Isobutyl Ketone))

Exports in ECOWAS

Exports of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), X-methylpentan-2- one (methyl isobutyl ketone)) reduced rapidly to X tons in 2022, shrinking by X% against 2021. In general, exports continue to indicate a slight curtailment. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), X-methylpentan-2- one (methyl isobutyl ketone)) shrank remarkably to $X in 2022. Over the period under review, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports of attained the maximum at $X in 2021, and then dropped sharply in the following year.

Exports by Country

In 2022, Ghana (X kg), distantly followed by Burkina Faso (X kg) were the major exporters of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), X-methylpentan-2- one (methyl isobutyl ketone)), together mixing up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of X%).

In value terms, Ghana ($X) and Burkina Faso ($X) appeared to be the countries with the highest levels of exports in 2022.

Burkina Faso, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price, however, posted a strong increase. The growth pace was the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while Ghana amounted to $X per ton.

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

Imports of Acyclic Ketones Without Other Oxygen Function (Excluding Acetone, Butanone (Methyl Ethyl Ketone), 4-Methylpentan-2- One (Methyl Isobutyl Ketone))

Imports in ECOWAS

In 2022, after four years of growth, there was significant decline in overseas purchases of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), X-methylpentan-2- one (methyl isobutyl ketone)), when their volume decreased by X% to X tons. Overall, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2021, and then shrank rapidly in the following year.

In value terms, imports of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), X-methylpentan-2- one (methyl isobutyl ketone)) shrank rapidly to $X in 2022. In general, imports showed a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

Nigeria dominates ketone)) structure, amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Ghana (X tons), making up an X% share of total imports. The following importers - Burkina Faso (X tons), Cote d'Ivoire (X tons) and Cabo Verde (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to acyclic ketones without other oxygen function imports into Nigeria stood at X%. At the same time, Cabo Verde (X%) displayed positive paces of growth. Moreover, Cabo Verde emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Ghana experienced a relatively flat trend pattern. By contrast, Burkina Faso (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.) and Ghana (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Burkina Faso (X p.p.) and Cote d'Ivoire (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), X-methylpentan-2- one (methyl isobutyl ketone)) in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Burkina Faso, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Burkina Faso (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, remaining constant against the previous year. Import price indicated mild growth 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. Based on 2022 figures, import price for acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), X-methylpentan-2- one (methyl isobutyl ketone)) increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform