ECOWAS: Market for Organic Surface Active Agents 2024

Market Size for Organic Surface Active Agents in ECOWAS

The ECOWAS organic surface active agent market expanded notably to $X in 2023, surging by X% against the previous year. The total consumption indicated mild growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Organic Surface Active Agents in ECOWAS

In value terms, organic surface active agent production expanded markedly to $X in 2023 estimated in export price. Over the period under review, production saw a slight expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Organic Surface Active Agents

Exports in ECOWAS

In 2023, the amount of organic surface active agents exported in ECOWAS fell dramatically to X tons, declining by X% on 2022. In general, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then fell notably in the following year.

In value terms, organic surface active agent exports contracted slightly to $X in 2023. Total exports indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then contracted in the following year.

Exports by Country

In 2023, Nigeria (X tons) was the major exporter of organic surface active agents, generating X% of total exports. Cote d'Ivoire (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%) and Niger (X%). Liberia (X tons), Guinea (X tons) and Sierra Leone (X tons) followed a long way behind the leaders.

Exports from Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Niger (X%), Ghana (X%), Guinea (X%), Liberia (X%), Sierra Leone (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Niger, Ghana, Nigeria, Cote d'Ivoire, Liberia and Guinea increased by X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest organic surface active agent supplying countries in ECOWAS were Cote d'Ivoire ($X), Nigeria ($X) and Ghana ($X), with a combined X% share of total exports. Niger, Liberia, Sierra Leone and Guinea lagged somewhat behind, together accounting for a further X%.

Niger, 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, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per ton, jumping by X% against the previous year. Overall, the export price, however, continues to indicate a pronounced setback. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Guinea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the export price figures.

Imports of Organic Surface Active Agents

Imports in ECOWAS

In 2023, overseas purchases of organic surface active agents decreased by X% to X tons, falling for the second year in a row after three years of growth. Total imports indicated mild growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, organic surface active agent imports dropped to $X in 2023. In general, imports recorded a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

Ghana was the largest importing country with an import of about X tons, which accounted for X% of total imports. Nigeria (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%). The following importers - Senegal (X tons), Guinea (X tons) and Cabo Verde (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Ghana (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Among the main importing countries, Ghana, with a CAGR of X%, saw the highest growth rate of 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 2023, with an increase of X% against the previous year. In general, the import price, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2022 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Guinea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform