ECOWAS: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in ECOWAS

The ECOWAS anti-freezing preparations market rose to $X in 2022, growing by X% against the previous year. Over the period under review, consumption continues to indicate moderate growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Anti-Freezing Preparations Production in ECOWAS

In value terms, anti-freezing preparations production expanded significantly to $X in 2022 estimated in export price. In general, production saw notable growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the near future.

Anti-Freezing Preparations Exports

Exports in ECOWAS

In 2022, the amount of anti-freezing preparations and prepared de-icing fluids exported in ECOWAS soared to X tons, growing by X% against the previous year's figure. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, anti-freezing preparations exports surged to $X in 2022. In general, exports recorded a prominent increase. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of anti-freezing preparations and prepared de-icing fluids, namely Cote d'Ivoire, represented more than two-thirds of total export.

Cote d'Ivoire was also the fastest-growing in terms of the anti-freezing preparations and prepared de-icing fluids exports, with a CAGR of X% from 2012 to 2022. While the share of Cote d'Ivoire (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) also remains the largest anti-freezing preparations supplier in ECOWAS.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire stood at X%.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, declining by X% against the previous year. In general, the export price faced a drastic downturn. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to X% per year.

Anti-Freezing Preparations Imports

Imports in ECOWAS

In 2022, overseas purchases of anti-freezing preparations and prepared de-icing fluids decreased by X% to X tons, falling for the second year in a row after five years of growth. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, anti-freezing preparations imports stood at $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Ghana (X tons) was the major importer of anti-freezing preparations and prepared de-icing fluids, generating X% of total imports. Nigeria (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%), Mali (X%), Togo (X%), Guinea (X%), Burkina Faso (X%) and Senegal (X%).

From 2012 to 2022, average annual rates of growth with regard to anti-freezing preparations imports into Ghana stood at X%. At the same time, Togo (X%), Mali (X%), Cote d'Ivoire (X%), Guinea (X%), Burkina Faso (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. Ghana (X p.p.), Togo (X p.p.), Mali (X p.p.), Cote d'Ivoire (X p.p.), Guinea (X p.p.), Burkina Faso (X p.p.) and Senegal (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X), Ghana ($X) and Togo ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Togo, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Togo ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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