Western Africa: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in Western Africa

The West African industrial fatty alcohols market expanded slightly to $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, recorded a pronounced descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Industrial Fatty Alcohols Production in Western Africa

In value terms, industrial fatty alcohols production reached $X in 2022 estimated in export price. In general, production, however, showed a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Industrial Fatty Alcohols Exports

Exports in Western Africa

In 2022, shipments abroad of industrial fatty alcohols was finally on the rise to reach X kg after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial fatty alcohols exports soared to $X in 2022. Overall, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Nigeria was the major exporter of industrial fatty alcohols in Western Africa, with the volume of exports reaching X kg, which was approx. X% of total exports in 2022. It was distantly followed by Senegal (X kg), achieving a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Senegal (with a CAGR of X%).

In value terms, Nigeria ($X) emerged as the largest industrial fatty alcohols supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports.

In Nigeria, industrial fatty alcohols exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Senegal amounted to $X per ton.

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

Industrial Fatty Alcohols Imports

Imports in Western Africa

In 2022, after two years of growth, there was significant decline in overseas purchases of industrial fatty alcohols, when their volume decreased by X% to X tons. Total imports indicated pronounced growth from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, industrial fatty alcohols imports surged to $X in 2022. In general, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria represented the largest importer of industrial fatty alcohols in Western Africa, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Ghana (X tons) took the second position in the ranking, distantly followed by Cote d'Ivoire (X tons). All these countries together took approx. X% share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. 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. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire saw its share reduced by X% from 2012 to 2022, respectively.

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

In Nigeria, industrial fatty alcohols imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Cote d'Ivoire (X% per year).

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. Import price indicated a tangible increase 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, industrial fatty alcohols import price increased by X% against 2019 indices. As a result, import price attained the peak level and is likely to continue 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 Cote d'Ivoire ($X per ton), while Nigeria ($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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