Western Africa: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Western Africa

In 2022, the West African market for organo-sulphur compounds and other organo-inorganic compounds decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption saw a slight contraction. As a result, consumption attained the peak level of $X, and then dropped sharply in the following year.

Production of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Western Africa

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds rose modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate slight growth. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production of reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports in Western Africa

In 2022, approx. X tons of organo-sulphur compounds and other organo-inorganic compounds were exported in Western Africa; increasing by X% compared with the previous year's figure. In general, exports posted a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds rose notably to $X in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

In 2022, Cote d'Ivoire (X tons) represented the largest exporter of organo-sulphur compounds and other organo-inorganic compounds, achieving X% of total exports. It was distantly followed by Ghana (X tons), committing a X% share of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the organo-sulphur compounds and other organo-inorganic compounds exports, with a CAGR of X% from 2012 to 2022. At the same time, Ghana (X%) displayed positive paces of growth. While the share of Cote d'Ivoire (X p.p.) and Ghana (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire amounted to X%.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, leveling off at the previous year. Overall, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Cote d'Ivoire ($X per ton), while Ghana amounted to $X per ton.

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

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports in Western Africa

In 2022, supplies from abroad of organo-sulphur compounds and other organo-inorganic compounds decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports of reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds reduced markedly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Nigeria was the main importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Ghana (X tons) and Cote d'Ivoire (X tons), together mixing up a X% share of total imports. Burkina Faso (X tons), Mauritania (X tons) and Senegal (X tons) took a little 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%), Burkina Faso (X%), Mauritania (X%) and Cote d'Ivoire (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, Senegal (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.) and Nigeria (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cote d'Ivoire (X p.p.) and Senegal (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: 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, rising by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in 2018 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :