Western Africa: Market for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) 2024

Market Size for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Western Africa

The West African market for butanols (excluding butan-1-ol (n-butyl alcohol)) rose markedly to $X in 2021, picking up by 6.3% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.1% against 2019 indices. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Western Africa

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) production expanded rapidly to $X in 2021 estimated in export price. The total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +5.1% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 81%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Exports in Western Africa

In 2021, the amount of butanols (excluding butan-1-ol (n-butyl alcohol)) exported in Western Africa shrank remarkably to X kg, with a decrease of -98.6% on the previous year. In general, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 4,705% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports fell markedly to $X in 2021. Over the period under review, exports showed a sharp descent. The pace of growth appeared the most rapid in 2015 when exports increased by 4,942%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Cote d'Ivoire (X kg) was the key exporter of butanols (excluding butan-1-ol (n-butyl alcohol)), creating 78% of total exports. It was distantly followed by Niger (X kg), comprising a 22% share of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the butanols (excluding butan-1-ol (n-butyl alcohol)) exports, with a CAGR of +11.4% from 2012 to 2021. Niger experienced a relatively flat trend pattern. While the share of Cote d'Ivoire (+78 p.p.) and Niger (+22 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest butanols (excluding butan-1-ol (n-butyl alcohol)) supplier in Western Africa, comprising 85% of total exports. The second position in the ranking was held by Niger ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Cote d'Ivoire stood at +13.9%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, jumping by 441% against the previous year. In general, the export price, however, recorded a mild decrease. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Cote d'Ivoire ($X per ton), while Niger amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Niger (+26.6%).

Imports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Imports in Western Africa

After two years of growth, supplies from abroad of butanols (excluding butan-1-ol (n-butyl alcohol)) decreased by -23.2% to X tons in 2021. Overall, imports, however, saw strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 127% against the previous year. The volume of import peaked at X tons in 2020, and then contracted rapidly in the following year.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports dropped slightly to $X in 2021. Over the period under review, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2014 with an increase of 133% against the previous year. The level of import peaked at $X in 2020, and then reduced modestly in the following year.

Imports by Country

Nigeria prevails in imports structure, recording X tons, which was approx. 93% of total imports in 2021. Cote d'Ivoire (X tons) held a minor share of total imports.

Nigeria was also the fastest-growing in terms of the butanols (excluding butan-1-ol (n-butyl alcohol)) imports, with a CAGR of +17.3% from 2012 to 2021. Cote d'Ivoire (-9.6%) illustrated a downward trend over the same period. Nigeria (+31 p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire saw its share reduced by -24.5% from 2012 to 2021, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported butanols (excluding butan-1-ol (n-butyl alcohol)) in Western Africa, comprising 93% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 4% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Nigeria stood at +16.6%.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, picking up by 28% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Nigeria ($X per ton), while Cote d'Ivoire amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+1.9%).

Source: IndexBox Platform

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