Western Africa: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Western Africa

For the fifth consecutive year, the West African ketone and quinone market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption posted buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ketone And Quinone Production in Western Africa

In value terms, ketone and quinone production expanded sharply to $X in 2022 estimated in export price. The total production indicated measured growth 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 decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Ketone And Quinone Exports

Exports in Western Africa

In 2022, shipments abroad of ketones and quinones increased by X% to X tons, rising for the fifth consecutive year after two years of decline. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, ketone and quinone exports soared to $X in 2022. In general, exports enjoyed a temperate increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Cote d'Ivoire represented the largest exporter of ketones and quinones in Western Africa, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Senegal (X tons), comprising a X% share of total exports. Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Cote d'Ivoire (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest ketone and quinone supplying countries in Western Africa were Cote d'Ivoire ($X), Senegal ($X) and Ghana ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Cote d'Ivoire, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 ton in 2022, surging by X% against the previous year. Export price indicated a temperate 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, ketone and quinone export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced mixed trends in the export price figures.

Ketone And Quinone Imports

Imports in Western Africa

For the sixth year in a row, Western Africa recorded growth in overseas purchases of ketones and quinones, which increased by X% to X tons in 2022. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ketone and quinone imports skyrocketed to $X in 2022. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Cote d'Ivoire (X tons), comprising a X% share of total imports. Ghana (X tons) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the ketones and quinones imports, with a CAGR of X% from 2012 to 2022. At the same time, Ghana (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Nigeria (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana and Cote d'Ivoire saw its share reduced by X% and X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, jumping by X% against the previous year. Import price indicated pronounced growth 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, ketone and quinone import price increased by X% against 2019 indices. 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 hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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