ECOWAS: Hydantoin Market 2024

Hydantoin Market Size in ECOWAS

The ECOWAS hydantoin market amounted to $X in 2022, leveling off at the previous year. The total consumption indicated a moderate increase 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, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Hydantoin Production in ECOWAS

In value terms, hydantoin production reached $X in 2022 estimated in export price. The total production indicated a notable increase 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 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Hydantoin Exports

Exports in ECOWAS

In 2022, exports of hydantoin and its derivatives in ECOWAS fell remarkably to X tons, with a decrease of X% on the previous year. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then shrank notably in the following year.

In value terms, hydantoin exports shrank to $X in 2022. Over the period under review, exports, however, posted a strong increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire represented the largest exporter of hydantoin and its derivatives in ECOWAS, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Senegal (X kg), making up an X% share of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the hydantoin and its derivatives exports, with a CAGR of X% from 2012 to 2022. Senegal experienced a relatively flat trend pattern. From 2012 to 2022, the share of Cote d'Ivoire increased by X percentage points.

In value terms, Senegal ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of exports in 2022.

Among the main exporting countries, Senegal, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, continues to indicate a deep reduction. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Cote d'Ivoire amounted to $X per ton.

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

Hydantoin Imports

Imports in ECOWAS

In 2022, approx. X tons of hydantoin and its derivatives were imported in ECOWAS; falling by X% against the previous year's figure. Over the period under review, imports, however, recorded a measured increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, hydantoin imports declined sharply to $X in 2022. Overall, imports, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Cote d'Ivoire was the largest importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by Nigeria (X tons) and Togo (X tons), together mixing up a X% share of total imports. Senegal (X tons) and Ghana (X tons) followed a long way behind the leaders.

Imports into Cote d'Ivoire increased at an average annual rate of X% from 2012 to 2022. At the same time, Togo (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. Ghana experienced a relatively flat trend pattern. By contrast, Nigeria (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.), Togo (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported hydantoin and its derivatives in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with an X% share of total imports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Senegal (X% per year).

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 from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, 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 Senegal ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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