Africa: Acyclic Hydrocarbons Market 2022

Acyclic Hydrocarbons Market Size in Africa

In 2020, the African acyclic hydrocarbons market decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level at $X in 2019, and then declined in the following year.

Acyclic Hydrocarbons Production in Africa

In value terms, acyclic hydrocarbons production fell to $X in 2020 estimated in export prices. In general, production, however, saw a slight expansion. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2019, and then contracted in the following year.

Production By Country in Africa

The countries with the highest volumes of acyclic hydrocarbons production in 2020 were Nigeria (X tons), Egypt (X tons) and South Africa (X tons), together comprising X% of total production.

From 2007 to 2020, the most notable rate of growth in terms of acyclic hydrocarbons production, amongst the leading producing countries, was attained by Egypt, while acyclic hydrocarbons production for the other leaders experienced more modest paces of growth.

Acyclic Hydrocarbons Exports

Exports in Africa

In 2020, shipments abroad of acyclic hydrocarbons increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure in 2020 and are expected to retain growth in years to come.

In value terms, acyclic hydrocarbons exports reduced modestly to $X in 2020. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2013 to 2020, the growth exports remained at a lower figure.

Exports by Country

In 2020, South Africa (X tons) was the key exporter of acyclic hydrocarbons, comprising X% of total exports. It was distantly followed by Libya (X tons), comprising a X% share of total exports. Algeria (X tons) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of +X% from 2007 to 2020. At the same time, Algeria (+X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing exporter exported in Africa, with a CAGR of +X% from 2007-2020. By contrast, Libya (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of South Africa and Algeria increased by +X% and +X% percentage points, while Libya (-X p.p.) saw their share reduced.

In value terms, South Africa ($X) remains the largest acyclic hydrocarbons supplier in Africa, comprising X% of total exports. The second position in the ranking was occupied by Libya ($X), with a X% share of total exports.

In South Africa, acyclic hydrocarbons exports increased at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Libya (+X% per year) and Algeria (+X% per year).

Export Prices by Country

In 2020, the acyclic hydrocarbons export price in Africa amounted to $X per ton, standing approx. at the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the export price increased by X% y-o-y. The level of export peaked at $X per ton in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Libya ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Libya, while the other leaders experienced a decline in the export price figures.

Acyclic Hydrocarbons Imports

Imports in Africa

In 2020, the amount of acyclic hydrocarbons imported in Africa dropped notably to X tons, reducing by -X% on the previous year's figure. Overall, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, acyclic hydrocarbons imports reduced markedly to $X in 2020. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. The level of import peaked at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Morocco (X tons), distantly followed by Egypt (X tons), Nigeria (X tons), Algeria (X tons) and Libya (X tons) represented the key importers of acyclic hydrocarbons, together constituting X% of total imports. The following importers - Sudan (X tons) and South Africa (X tons) - each recorded a X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Sudan, while imports for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Egypt ($X) and Nigeria ($X) constituted the countries with the highest levels of imports in 2020, with a combined X% share of total imports. Algeria, Libya, South Africa and Sudan lagged somewhat behind, together comprising a further X the main importing countries, Sudan saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2020, the acyclic hydrocarbons import price in Africa amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. As a result, import price attained the peak level of $X per ton. from 2012 to 2020, the growth in terms of the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was South Africa ($X per ton), while Sudan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Africa, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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