Western Africa: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Western Africa

In 2022, the West African denatured ethyl alcohol market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

Denatured Ethyl Alcohol Production in Western Africa

In value terms, denatured ethyl alcohol production expanded markedly to $X in 2022 estimated in export price. In general, production, however, saw a slight setback. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Denatured Ethyl Alcohol Exports

Exports in Western Africa

In 2022, overseas shipments of denatured ethyl alcohol and other denatured spirits decreased by X% to X litres for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, recorded pronounced growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked at X litres in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, denatured ethyl alcohol exports shrank significantly to $X in 2022. In general, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Benin (X litres) and Ghana (X litres) were the major exporters of denatured ethyl alcohol and other denatured spirits in Western Africa, together comprising X% of total exports. Nigeria (X litres) held the next position in the ranking, followed by Senegal (X litres). All these countries together took near X% share of total exports. The following exporters - Cote d'Ivoire (X litres) and Sierra Leone (X litres) - each reached a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Benin (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Benin ($X), Ghana ($X) and Nigeria ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Benin, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

The export price in Western Africa stood at $X per litre in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

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

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

Denatured Ethyl Alcohol Imports

Imports in Western Africa

In 2022, purchases abroad of denatured ethyl alcohol and other denatured spirits decreased by X% to X litres for the first time since 2019, thus ending a two-year rising trend. In general, imports showed a mild curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X litres, and then declined sharply in the following year.

In value terms, denatured ethyl alcohol imports declined dramatically to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria was the largest importing country with an import of about X litres, which finished at X% of total imports. It was distantly followed by Cote d'Ivoire (X litres), comprising an X% share of total imports.

Imports into Nigeria decreased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Cote d'Ivoire increased by X percentage points.

In value terms, Nigeria ($X) constitutes the largest market for imported denatured ethyl alcohol and other denatured spirits in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports.

In Nigeria, denatured ethyl alcohol imports declined by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per litre, growing by X% against the previous year. Over the period under review, the import price recorded a slight expansion. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per litre in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per litre), while Nigeria stood at $X per litre.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :