ECOWAS: Monoethanolamine Market 2024

Monoethanolamine Market Size in ECOWAS

The ECOWAS monoethanolamine market fell to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Monoethanolamine Production in ECOWAS

In value terms, monoethanolamine production dropped slightly to $X in 2022 estimated in export price. In general, production recorded a slight reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Monoethanolamine Exports

Exports in ECOWAS

After three years of growth, shipments abroad of monoethanolamine and its salts decreased by X% to X tons in 2022. Over the period under review, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then shrank remarkably in the following year.

In value terms, monoethanolamine exports contracted dramatically to $X in 2022. Overall, exports, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then contracted notably in the following year.

Exports by Country

In 2022, Ghana (X tons) was the main exporter of monoethanolamine and its salts, generating X% of total exports. Senegal (X tons) held the second position in the ranking, distantly followed by Togo (X tons). All these countries together held approx. X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Togo (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Senegal ($X) emerged as the largest monoethanolamine supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Togo ($X), with a X% share of total exports.

In Senegal, monoethanolamine exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Togo (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Ghana ($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 export price figures.

Monoethanolamine Imports

Imports in ECOWAS

In 2022, overseas purchases of monoethanolamine and its salts decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, recorded strong growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, monoethanolamine imports contracted to $X in 2022. In general, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Nigeria represented the major importing country with an import of about X tons, which amounted to X% of total imports. Ghana (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Benin (X%), Mali (X%) and Senegal (X%). The following importers - Togo (X tons) and Cote d'Ivoire (X tons) - each reached a X% share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Benin (X%), Senegal (X%), Cote d'Ivoire (X%), Mali (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Togo experienced a relatively flat trend pattern. While the share of Benin (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Togo (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported monoethanolamine and its salts in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Mali, with a X% share.

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

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, growing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in the near future.

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 Mali ($X per ton), while Benin ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :