Western Africa: Organo-Sulphur Compound Market 2023

Organo-Sulphur Compound Market Size in Western Africa

In 2022, the West African organo-sulphur compound market decreased by -18.5% to $X, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Organo-Sulphur Compound Production in Western Africa

In value terms, organo-sulphur compound production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 18%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Organo-Sulphur Compound Exports

Exports in Western Africa

Organo-sulphur compound exports expanded notably to X tons in 2022, picking up by 8.1% compared with the year before. Over the period under review, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 271% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, organo-sulphur compound exports rose remarkably to $X in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 131% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Cote d'Ivoire (X tons) represented the largest exporter of organo-sulphur compounds, constituting 64% of total exports. It was distantly followed by Ghana (X tons), comprising a 33% share of total exports. Senegal (X tons) held a relatively small 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 Cote d'Ivoire (with a CAGR of +70.5%), while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) remains the largest organo-sulphur compound supplier in Western Africa, comprising 77% of total exports. The second position in the ranking was held by Ghana ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire stood at +55.4%. In the other countries, the average annual rates were as follows: Ghana (+20.2% per year) and Senegal (+43.5% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, with an increase of 2.7% against the previous year. In general, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of 137%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+8.3%), while the other leaders experienced mixed trends in the export price figures.

Organo-Sulphur Compound Imports

Imports in Western Africa

In 2022, overseas purchases of organo-sulphur compounds decreased by -52.4% to X tons, falling for the second year in a row after two years of growth. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 64% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, organo-sulphur compound imports shrank remarkably to $X in 2022. Overall, imports showed a noticeable slump. The pace of growth was the most pronounced in 2014 when imports increased by 61% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria (X tons) and Ghana (X tons) represented roughly 72% of total imports in 2022. Cote d'Ivoire (X tons) ranks next in terms of the total imports with a 12% share, followed by Burkina Faso (5.3%). Mauritania (X tons), Senegal (X tons) and Benin (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ghana (with a CAGR of +14.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported organo-sulphur compounds in Western Africa, comprising 52% of total imports. The second position in the ranking was held by Ghana ($X), with a 20% share of total imports. It was followed by Cote d'Ivoire, with a 15% share.

In Nigeria, organo-sulphur compound imports shrank by an average annual rate of -5.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (+11.8% per year) and Cote d'Ivoire (-2.2% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, picking up by 8.2% against the previous year. In general, the import price, however, showed a noticeable descent. The pace of growth was the most pronounced in 2015 an increase of 9.7% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritania (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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