Report Update Apr 1, 2024

Western Africa - Esters of Acrylic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in Western Africa

The West African acrylic acid esters market expanded sharply to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption continues to indicate a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Acrylic Acid Esters Production in Western Africa

In value terms, acrylic acid esters production reached $X in 2022 estimated in export price. In general, production saw a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Acrylic Acid Esters Exports

Exports in Western Africa

In 2017, exports of esters of acrylic acid in Western Africa skyrocketed to X tons, increasing by X% on the year before. Over the period under review, exports, however, faced a dramatic decrease. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2017, the exports failed to regain momentum.

In value terms, acrylic acid esters exports soared to $X in 2017. In general, exports, however, saw a sharp downturn. The level of export peaked at $X in 2012; however, from 2013 to 2017, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Liberia (X tons), together accounting for X% of total export.

Liberia was also the fastest-growing in terms of the esters of acrylic acid exports, with a CAGR of X% from 2012 to 2017. From 2012 to 2017, the share of Liberia increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Liberia ($X) also remains the largest acrylic acid esters supplier in Western Africa.

In Liberia, acrylic acid esters exports increased at an average annual rate of X.1% over the period from 2012-2017.

Export Prices by Country

In 2017, the export price in Western Africa amounted to $X per ton, increasing by X% against the previous year. Overall, the export price saw a significant expansion. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2017.

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

From 2012 to 2017, the rate of growth in terms of prices for Liberia amounted to X% per year.

Acrylic Acid Esters Imports

Imports in Western Africa

For the third year in a row, Western Africa recorded decline in purchases abroad of esters of acrylic acid, which decreased by X% to X tons in 2022. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, acrylic acid esters imports declined remarkably to $X in 2022. Over the period under review, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria dominates imports structure, resulting at X tons, which was near X% of total imports in 2022. Ghana (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to acrylic acid esters imports into Nigeria stood at X%. At the same time, Ghana (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Ghana (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported esters of acrylic acid in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports.

In Nigeria, acrylic acid esters imports decreased 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 ton, picking up by X% against the previous year. Overall, the import price posted a measured expansion. The most prominent rate of growth was recorded 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 see gradual growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ghana ($X per ton), while Nigeria totaled $X per ton.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for esters of acrylic acid in Western Africa?

The countries with the highest volumes of consumption in 2022 were Cote d'Ivoire, Senegal and Mali, with a combined 35% share of total consumption. Niger, Benin, Guinea, Togo, Sierra Leone, Mauritania and Liberia lagged somewhat behind, together accounting for a further 65%.

What are the largest producers of esters of acrylic acid in Western Africa?

The countries with the highest volumes of production in 2022 were Cote d'Ivoire, Senegal and Mali, together comprising 35% of total production. Niger, Benin, Guinea, Togo, Sierra Leone, Mauritania and Liberia lagged somewhat behind, together accounting for a further 65%.

What are the leading suppliers of esters of acrylic acid in Western Africa?

In value terms, Liberia remains the largest acrylic acid esters supplier in Western Africa.

What are the leading importers of esters of acrylic acid in Western Africa?

In value terms, Nigeria constitutes the largest market for imported esters of acrylic acid in Western Africa, comprising 97% of total imports. The second position in the ranking was taken by Ghana, with a 2.7% share of total imports.

What is the average export price for esters of acrylic acid in Western Africa?

The export price in Western Africa stood at $5,916 per ton in 2017, jumping by 230% against the previous year.

What is the average import price for esters of acrylic acid in Western Africa?

In 2022, the import price in Western Africa amounted to $2,818 per ton, increasing by 29% against the previous year.

This report provides an in-depth analysis of the acrylic acid esters market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143320 - Esters of acrylic acid

Country coverage:

Benin
Burkina Faso
Cabo Verde
Cote d'Ivoire
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Mauritania
Niger
Nigeria
Saint Helena, Ascension and Tristan da Cunha
Senegal
Sierra Leone
Togo

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Western Africa, split by region and country
Trade (exports and imports) in Western Africa
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023