Africa: Ethanal Market 2024

Ethanal Market Size in Africa

The African ethanal market expanded to $X in 2022, increasing by 2.2% against the previous year. Over the period under review, consumption continues to indicate a prominent expansion. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Ethanal Production in Africa

In value terms, ethanal production amounted to $X in 2022 estimated in export price. Overall, production posted a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 35% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Ethanal Exports

Exports in Africa

In 2022, exports of ethanal (acetaldehyde) in Africa fell rapidly to X tons, dropping by -29.3% on the year before. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 844%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, ethanal exports contracted dramatically to $X in 2022. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 432%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Senegal dominates exports structure, reaching X tons, which was approx. 90% of total exports in 2022. It was distantly followed by South Africa (X tons), committing a 6.5% share of total exports. Uganda (X tons) followed a long way behind the leaders.

Senegal was also the fastest-growing in terms of the ethanal (acetaldehyde) exports, with a CAGR of +15.9% from 2012 to 2022. South Africa (-13.9%) and Uganda (-17.6%) illustrated a downward trend over the same period. Senegal (+69 p.p.) significantly strengthened its position in terms of the total exports, while Uganda and South Africa saw its share reduced by -16% and -23.4% from 2012 to 2022, respectively.

In value terms, the largest ethanal supplying countries in Africa were Senegal ($X), South Africa ($X) and Uganda ($X), together accounting for 87% of total exports.

Among the main exporting countries, Senegal, with a CAGR of +10.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, with a decrease of -11% against the previous year. Overall, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 when the export price increased by 58%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+4.5%), while the other leaders experienced mixed trends in the export price figures.

Ethanal Imports

Imports in Africa

In 2022, the amount of ethanal (acetaldehyde) imported in Africa shrank to X tons, falling by -8.6% compared with the previous year's figure. Overall, imports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 76% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ethanal imports surged to $X in 2022. In general, imports saw a noticeable setback. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of ethanal imports in 2022 were South Africa (X tons), Angola (X tons) and Botswana (X tons), together reaching 60% of total import. Ethiopia (X tons) took the next position in the ranking, followed by Zambia (X tons). All these countries together took approx. 13% share of total imports. Gambia (X kg), Zimbabwe (X kg), Egypt (X kg), Tunisia (X kg), Madagascar (X kg), Kenya (X kg), Malawi (X kg) and Sao Tome and Principe (X kg) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Malawi (with a CAGR of +45.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported ethanal (acetaldehyde) in Africa, comprising 60% of total imports. The second position in the ranking was taken by Angola ($X), with a 14% share of total imports. It was followed by Sao Tome and Principe, with a 3.5% share.

In South Africa, ethanal imports expanded at an average annual rate of +18.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Angola (+29.8% per year) and Sao Tome and Principe (+31.0% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, growing by 105% against the previous year. Over the period under review, the import price saw a significant increase. The growth pace was the most rapid in 2019 an increase of 108% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Ethiopia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sao Tome and Principe (+23.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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