ECOWAS: Market for Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives Of Acyclic Alcohols 2024

Market Size for Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives Of Acyclic Alcohols in ECOWAS

In 2023, the ECOWAS market for halogenated, sulphonated, nitrated or nitrosated derivatives of acyclic alcohols was finally on the rise to reach $X after five years of decline. Overall, consumption, however, saw a sharp curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives Of Acyclic Alcohols in ECOWAS

In value terms, production of halogenated, sulphonated, nitrated or nitrosated derivatives of acyclic alcohols expanded sharply to $X in 2023 estimated in export price. In general, production, however, saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives Of Acyclic Alcohols

Exports in ECOWAS

In 2023, the amount of halogenated, sulphonated, nitrated or nitrosated derivatives of acyclic alcohols exported in ECOWAS dropped sharply to X kg, with a decrease of X% compared with the previous year. Overall, exports saw a deep slump. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, exports of halogenated, sulphonated, nitrated or nitrosated derivatives of acyclic alcohols reduced remarkably to $X in 2023. Over the period under review, exports, however, continue to indicate a measured expansion. Over the period under review, the exports of hit record highs at $X in 2022, and then fell markedly in the following year.

Exports by Country

The shipments of the one major exporters of halogenated, sulphonated, nitrated or nitrosated derivatives of acyclic alcohols, namely Sierra Leone, represented more than two-thirds of total export.

Sierra Leone was also the fastest-growing in terms of the halogenated, sulphonated, nitrated or nitrosated derivatives of acyclic alcohols exports, with a CAGR of X% from 2014 to 2023. Sierra Leone (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.

In value terms, Sierra Leone ($X) also remains the largest halogenated, sulphonated, nitrated or nitrosated derivatives of acyclic alcohols supplier in ECOWAS.

In Sierra Leone, exports of halogenated, sulphonated, nitrated or nitrosated derivatives of acyclic alcohols plunged by an average annual rate of X% over the period from 2014-2023.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2023, remaining stable against the previous year. Overall, the export price showed significant growth. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2023, 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 Sierra Leone.

From 2014 to 2023, the rate of growth in terms of prices for Sierra Leone amounted to X% per year.

Imports of Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives Of Acyclic Alcohols

Imports in ECOWAS

After two years of decline, purchases abroad of halogenated, sulphonated, nitrated or nitrosated derivatives of acyclic alcohols increased by X% to X tons in 2023. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, imports of halogenated, sulphonated, nitrated or nitrosated derivatives of acyclic alcohols shrank significantly to $X in 2023. In general, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2020; however, from 2021 to 2023, imports failed to regain momentum.

Imports by Country

Nigeria dominates alcohols structure, reaching X tons, which was approx. X% of total imports in 2023. Ghana (X tons) took a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to halogenated, sulphonated, nitrated or nitrosated derivatives of acyclic alcohols imports into Nigeria stood at X%. At the same time, Ghana (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported halogenated, sulphonated, nitrated or nitrosated derivatives of acyclic alcohols in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports.

In Nigeria, imports of halogenated, sulphonated, nitrated or nitrosated derivatives of acyclic alcohols increased at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per ton, dropping by X% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2022 when the import price increased by X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Ghana ($X per ton), while Nigeria stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Source: IndexBox Platform