Western Africa: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Western Africa

The West African aromatic hydrocarbon mixtures market contracted to $X in 2022, waning by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Aromatic Hydrocarbon Mixtures Production in Western Africa

In value terms, aromatic hydrocarbon mixtures production shrank modestly to $X in 2022 estimated in export price. Overall, production showed a tangible increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Aromatic Hydrocarbon Mixtures Exports

Exports in Western Africa

In 2022, shipments abroad of naphthalene and other aromatic hydrocarbon mixtures decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, aromatic hydrocarbon mixtures exports fell notably to $X in 2022. In general, exports recorded a precipitous decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Ghana was the major exporter of naphthalene and other aromatic hydrocarbon mixtures in Western Africa, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Niger (X tons), generating a X% share of total exports.

Exports from Ghana decreased at an average annual rate of X% from 2012 to 2022. Niger (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.) and Niger (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) remains the largest aromatic hydrocarbon mixtures supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Niger ($X), with a X% share of total exports.

In Ghana, aromatic hydrocarbon mixtures exports shrank by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2019 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Niger totaled $X per ton.

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

Aromatic Hydrocarbon Mixtures Imports

Imports in Western Africa

In 2022, approx. X tons of naphthalene and other aromatic hydrocarbon mixtures were imported in Western Africa; dropping by X% against 2021 figures. In general, imports showed a dramatic descent. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, aromatic hydrocarbon mixtures imports dropped markedly to $X in 2022. Over the period under review, imports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Nigeria (X tons) and Cote d'Ivoire (X tons) were the largest importers of naphthalene and other aromatic hydrocarbon mixtures in 2022, recording near X% and X% of total imports, respectively. Mauritania (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (X%). Burkina Faso (X tons), Guinea (X tons) and Senegal (X tons) followed a long way behind the leaders.

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

In value terms, Nigeria ($X), Cote d'Ivoire ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price recorded noticeable growth. As a result, import price reached 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 ($X per ton), while Mauritania ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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