Africa: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Africa

The African cyclic hydrocarbons market reached $X in 2022, growing by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Cyclic Hydrocarbons Production in Africa

In value terms, cyclic hydrocarbons production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Cyclic Hydrocarbons Exports

Exports in Africa

In 2022, exports of cyclic hydrocarbons in Africa fell to X tons, which is down by X% against the previous year. Over the period under review, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cyclic hydrocarbons exports declined sharply to $X in 2022. In general, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Algeria represented the major exporter of cyclic hydrocarbons in Africa, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Nigeria (X tons) ranks second in terms of the total exports with a X% share, followed by South Africa (X%). Namibia (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cyclic hydrocarbons exports from Algeria stood at X%. At the same time, Namibia (X%), Nigeria (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Algeria, Nigeria and Namibia increased by X, X and X percentage points, respectively.

In value terms, Algeria ($X) remains the largest cyclic hydrocarbons supplier in Africa, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

In Algeria, cyclic hydrocarbons 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: South Africa (X% per year) and Nigeria (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price saw a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Cyclic Hydrocarbons Imports

Imports in Africa

In 2022, cyclic hydrocarbons imports in Africa fell to X tons, declining by X% compared with the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, cyclic hydrocarbons imports surged to $X in 2022. Total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, South Africa (X tons) was the major importer of cyclic hydrocarbons, comprising X% of total imports. Nigeria (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Egypt (X%) and Morocco (X%). The following importers - Tunisia (X tons), Cote d'Ivoire (X tons) and Kenya (X tons) - together made up X% of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of cyclic hydrocarbons. At the same time, Egypt (X%), Nigeria (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Kenya and Morocco experienced a relatively flat trend pattern. By contrast, Tunisia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Egypt and Nigeria increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported cyclic hydrocarbons in Africa, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Egypt (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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