Western Africa: Diethanolamine Market 2024

Diethanolamine Market Size in Western Africa

The West African diethanolamine market fell modestly to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a measured expansion 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 increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Diethanolamine Production in Western Africa

In value terms, diethanolamine production contracted slightly to $X in 2022 estimated in export price. The total production indicated a pronounced expansion 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 increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Diethanolamine Exports

Exports in Western Africa

In 2020, diethanolamine exports in Western Africa soared to X kg, rising by X% against the previous year's figure. Overall, exports, however, showed a sharp reduction. The volume of export peaked at X tons in 2015; however, from 2016 to 2020, the exports remained at a lower figure.

In value terms, diethanolamine exports surged to $X in 2020. Over the period under review, exports, however, saw a sharp shrinkage. The level of export peaked at $X in 2015; however, from 2016 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

In 2020, Mali (X kg) represented the main exporter of diethanolamine and its salts in Western Africa, generating X% of total export.

Mali was also the fastest-growing in terms of the diethanolamine and its salts exports, with a CAGR of X% from 2015 to 2020. Mali (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In Mali, diethanolamine exports contracted by an average annual rate of X% over the period from 2015-2020.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2020, dropping by X% against the previous year. Overall, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2020, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Mali.

From 2015 to 2020, the rate of growth in terms of prices for Mali amounted to X% per year.

Diethanolamine Imports

Imports in Western Africa

In 2022, the amount of diethanolamine and its salts imported in Western Africa fell rapidly to X tons, with a decrease of X% compared with the previous year's figure. Over the period under review, imports saw a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, diethanolamine imports surged to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Nigeria (X tons) was the major importer of diethanolamine and its salts, committing X% of total imports. Senegal (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%) and Benin (X%). Cabo Verde (X tons) and Ghana (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to diethanolamine imports into Nigeria stood at X%. At the same time, Benin (X%), Cote d'Ivoire (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%) and Ghana (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.), Cote d'Ivoire (X p.p.), Benin (X p.p.) and Cabo Verde (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (X p.p.) and Senegal (X p.p.) displayed negative dynamics.

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

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

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated a resilient expansion from 2012 to 2022: its price 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, diethanolamine import price increased by X% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per ton), while Nigeria ($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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