Western Africa: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Western Africa

The West African reaction initiators and accelerators market expanded significantly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption recorded a resilient expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Western Africa

In value terms, reaction initiators and accelerators production expanded sharply to $X in 2022 estimated in export price. Overall, production recorded resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports in Western Africa

In 2022, approx. X tons of reaction initiators, reaction accelerators and catalytic preparations were exported in Western Africa; rising by X% compared with 2021. Overall, exports enjoyed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, reaction initiators and accelerators exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X tons) and Nigeria (X tons) were the key exporters of reaction initiators, reaction accelerators and catalytic preparations in 2022, amounting to near X% and X% of total exports, respectively. Ghana (X tons) held the next position in the ranking, distantly followed by Guinea (X tons). All these countries together held near X% share of total exports. Burkina Faso (X tons), Senegal (X tons) and Niger (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of X.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) emerged as the largest reaction initiators and accelerators supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports. It was followed by Niger, with an X% share.

In Nigeria, reaction initiators and accelerators exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Niger (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price showed a perceptible descent. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a somewhat lower figure.

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

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

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports in Western Africa

In 2022, approx. X tons of reaction initiators, reaction accelerators and catalytic preparations were imported in Western Africa; rising by X% compared with 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, reaction initiators and accelerators imports contracted to $X in 2022. Overall, imports posted tangible growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria was the major importer of reaction initiators, reaction accelerators and catalytic preparations in Western Africa, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Niger (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (X%) and Mauritania (X%). Senegal (X tons), Guinea (X tons) and Cote d'Ivoire (X tons) held a minor share of total imports.

Nigeria experienced a relatively flat trend pattern with regard to volume of imports of reaction initiators, reaction accelerators and catalytic preparations. At the same time, Mauritania (X%), Senegal (X%), Guinea (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Ghana and Niger experienced a relatively flat trend pattern. From 2012 to 2022, the share of Mauritania, Senegal and Guinea increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported reaction initiators, reaction accelerators and catalytic preparations in Western Africa, comprising X% of total imports. The second position in the ranking was held by Niger ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Niger (X% per year) and Ghana (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price, however, saw a mild expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the 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 Nigeria ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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