Africa: Cyclohexanone And Methylcyclohexanones Market 2024

Cyclohexanone And Methylcyclohexanones Market Size in Africa

The African cyclohexanone and methylcyclohexanones market skyrocketed to $X in 2021, surging by 29% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cyclohexanone And Methylcyclohexanones Production in Africa

In value terms, cyclohexanone and methylcyclohexanones production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production showed a dramatic setback. The pace of growth was the most pronounced in 2017 with an increase of 2,992%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Cyclohexanone And Methylcyclohexanones Exports

Exports in Africa

In 2021, the amount of cyclohexanone and methylcyclohexanones exported in Africa skyrocketed to X tons, jumping by 25% compared with 2020 figures. Over the period under review, exports, however, saw a abrupt downturn. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, cyclohexanone and methylcyclohexanones exports soared to $X in 2021. Overall, exports, however, showed a deep setback. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X tons) and South Africa (X tons) were the key exporters of cyclohexanone and methylcyclohexanones in 2021, recording approx. 48% and 33% of total exports, respectively. It was distantly followed by Kenya (X tons), achieving a 19% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kenya (with a CAGR of +48.7%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Cote d'Ivoire ($X), South Africa ($X) and Kenya ($X) constituted the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, Kenya, with a CAGR of +45.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, rising by 4.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2016 an increase of 6.4% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+5.5%), while the other leaders experienced a decline in the export price figures.

Cyclohexanone And Methylcyclohexanones Imports

Imports in Africa

For the fifth consecutive year, Africa recorded growth in supplies from abroad of cyclohexanone and methylcyclohexanones, which increased by 11% to X tons in 2021. The total import volume increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 33%. The volume of import peaked in 2021 and is likely to continue growth in years to come.

In value terms, cyclohexanone and methylcyclohexanones imports skyrocketed to $X in 2021. Total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Cote d'Ivoire was the main importing country with an import of about X tons, which resulted at 44% of total imports. It was distantly followed by Egypt (X tons), Nigeria (X tons) and South Africa (X tons), together making up a 43% share of total imports. Tunisia (X tons), Morocco (X tons) and Kenya (X tons) followed a long way behind the leaders.

Imports into Cote d'Ivoire increased at an average annual rate of +5.7% from 2012 to 2021. At the same time, Egypt (+9.3%), Tunisia (+6.2%), Nigeria (+5.2%) and Morocco (+3.7%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in Africa, with a CAGR of +9.3% from 2012-2021. Kenya experienced a relatively flat trend pattern. By contrast, South Africa (-7.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Egypt and Cote d'Ivoire increased by +6.5 and +3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported cyclohexanone and methylcyclohexanones in Africa, comprising 46% of total imports. The second position in the ranking was held by Nigeria ($X), with a 17% share of total imports. It was followed by Egypt, with a 17% share.

In Cote d'Ivoire, cyclohexanone and methylcyclohexanones imports expanded at an average annual rate of +3.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (+5.3% per year) and Egypt (+4.7% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per ton, jumping by 27% against the previous year. Overall, the import price, however, showed a noticeable slump. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 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 South Africa ($X per ton), while Kenya ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :