Africa: Acetic Anhydride Market 2024

Acetic Anhydride Market Size in Africa

In 2021, the African acetic anhydride market increased by 26% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption showed a buoyant expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Acetic Anhydride Production in Africa

In value terms, acetic anhydride production dropped to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +58.7% against 2015 indices. The pace of growth appeared the most rapid in 2018 with an increase of 32% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then dropped slightly in the following year.

Acetic Anhydride Exports

Exports in Africa

In 2021, the amount of acetic anhydride exported in Africa reduced remarkably to X tons, dropping by -70.3% compared with 2020. Over the period under review, exports, however, posted temperate growth. The most prominent rate of growth was recorded in 2017 with an increase of 662% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, acetic anhydride exports reduced notably to $X in 2021. Overall, exports continue to indicate a deep setback. The growth pace was the most rapid in 2017 with an increase of 1,003% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Angola (X tons) and South Africa (X tons) represented the major exporter of acetic anhydride in Africa, mixing up 100% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by South Africa (with a CAGR of +19.1%).

In value terms, the largest acetic anhydride supplying countries in Africa were Angola ($X) and South Africa ($X).

In terms of the main exporting countries, South Africa, with a CAGR of +1.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, declining by -29.1% against the previous year. In general, the export price showed a deep setback. The pace of growth was the most pronounced in 2017 an increase of 45% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Angola ($X per ton), while South Africa amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Angola (-7.6%).

Acetic Anhydride Imports

Imports in Africa

In 2021, purchases abroad of acetic anhydride was finally on the rise to reach X tons after two years of decline. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 49% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, acetic anhydride imports soared to $X in 2021. Over the period under review, imports saw a buoyant expansion. The growth pace was the most rapid in 2016 when imports increased by 70% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

Morocco was the key importer of acetic anhydride in Africa, with the volume of imports accounting for X tons, which was approx. 70% of total imports in 2021. It was distantly followed by South Africa (X tons) and Egypt (X tons), together creating a 28% share of total imports.

Morocco was also the fastest-growing in terms of the acetic anhydride imports, with a CAGR of +21.8% from 2012 to 2021. South Africa (-3.1%) and Egypt (-4.3%) illustrated a downward trend over the same period. While the share of Morocco (+47 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Egypt (-10.9 p.p.) and South Africa (-34.1 p.p.) displayed negative dynamics.

In value terms, Morocco ($X) constitutes the largest market for imported acetic anhydride in Africa, comprising 61% of total imports. The second position in the ranking was held by South Africa ($X), with a 27% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Morocco amounted to +18.9%. In the other countries, the average annual rates were as follows: South Africa (+3.6% per year) and Egypt (-8.4% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the import price increased by 14% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Africa ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+7.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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