Africa: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Africa

In 2021, after two years of decline, there was growth in the African amine-function compounds market, when its value increased by 4.9% to $X. The market value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Amine-Function Compounds Production in Africa

In value terms, amine-function compounds production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 11% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Amine-Function Compounds Exports

Exports in Africa

In 2021, shipments abroad of amine-function compounds decreased by -39.8% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of 73%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, amine-function compounds exports plummeted to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 45% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of amine-function compounds, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the amine-function compounds exports, with a CAGR of +11.9% from 2012 to 2021. While the share of South Africa (+33 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest amine-function compounds supplier in Africa.

In South Africa, amine-function compounds exports increased at an average annual rate of +4.8% over the period from 2012-2021.

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, increasing by 24% against the previous year. Over the period under review, the export price, however, continues to indicate a deep setback. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to -6.4% per year.

Amine-Function Compounds Imports

Imports in Africa

Amine-function compounds imports rose rapidly to X tons in 2021, increasing by 14% compared with 2020 figures. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, amine-function compounds imports amounted to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 27%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

South Africa was the major importer of amine-function compounds in Africa, with the volume of imports accounting for X tons, which was approx. 39% of total imports in 2021. Egypt (X tons) held the second position in the ranking, followed by Nigeria (X tons), Morocco (X tons) and Burkina Faso (X tons). All these countries together held approx. 37% share of total imports. Botswana (X tons), Algeria (X tons), Tunisia (X tons) and Kenya (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to amine-function compounds imports into South Africa stood at -1.5%. At the same time, Burkina Faso (+71.6%), Botswana (+34.8%), Nigeria (+30.1%), Kenya (+12.3%), Algeria (+3.9%), Tunisia (+3.7%) and Egypt (+3.4%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Africa, with a CAGR of +71.6% from 2012-2021. By contrast, Morocco (-3.8%) illustrated a downward trend over the same period. While the share of Nigeria (+11 p.p.), Burkina Faso (+4.8 p.p.) and Botswana (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Morocco (-3.9 p.p.) and South Africa (-17 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported amine-function compounds in Africa, comprising 40% of total imports. The second position in the ranking was held by Egypt ($X), with an 18% share of total imports. It was followed by Morocco, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Egypt (+2.0% per year) and Morocco (-4.4% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per ton, waning by -6.8% against the previous year. Over the period under review, the import price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2017 when the import price increased by 20%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Algeria ($X per ton), while Botswana ($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 (+1.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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