Africa: Ethylene Glycol Market 2024

Ethylene Glycol Market Size in Africa

In 2022, the African ethylene glycol market increased by 7.5% to $X, rising for the seventh year in a row after three years of decline. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Ethylene Glycol Production in Africa

In value terms, ethylene glycol production reached $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 14% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Ethylene Glycol Exports

Exports in Africa

In 2022, shipments abroad of ethylene glycol (ethanediol) decreased by -45.4% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 68%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, ethylene glycol exports reduced notably to $X in 2022. In general, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 54%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, amounting to X tons, which was approx. 68% of total exports in 2022. Congo (X tons) ranks second in terms of the total exports with a 7.6% share, followed by Tanzania (5.5%) and Zambia (5.3%). Egypt (X tons), Senegal (X tons) and Ghana (X tons) followed a long way behind the leaders.

Exports from South Africa decreased at an average annual rate of -10.5% from 2012 to 2022. At the same time, Zambia (+42.6%), Senegal (+21.5%) and Tanzania (+10.8%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in Africa, with a CAGR of +42.6% from 2012-2022. By contrast, Congo (-4.4%), Ghana (-10.2%) and Egypt (-18.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Zambia, Tanzania, Senegal and Congo increased by +5.2, +4.7, +3.7 and +3.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest ethylene glycol supplier in Africa, comprising 78% of total exports. The second position in the ranking was held by Tanzania ($X), with a 3.5% share of total exports. It was followed by Senegal, with a 3.1% share.

In South Africa, ethylene glycol exports shrank by an average annual rate of -10.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tanzania (+5.7% per year) and Senegal (+14.6% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, rising by 35% against the previous year. Overall, the export price, however, recorded a slight curtailment. 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 remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-0.3%), while the other leaders experienced a decline in the export price figures.

Ethylene Glycol Imports

Imports in Africa

In 2022, imports of ethylene glycol (ethanediol) in Africa soared to X tons, with an increase of 55% against the previous year. Overall, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 82%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, ethylene glycol imports soared to $X in 2022. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 136% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

Egypt was the largest importer of ethylene glycol (ethanediol) in Africa, with the volume of imports reaching X tons, which was approx. 70% of total imports in 2022. It was distantly followed by South Africa (X tons), mixing up a 25% share of total imports. Algeria (X tons) followed a long way behind the leaders.

Egypt was also the fastest-growing in terms of the ethylene glycol (ethanediol) imports, with a CAGR of +27.3% from 2012 to 2022. At the same time, Algeria (+18.2%) and South Africa (+2.9%) displayed positive paces of growth. From 2012 to 2022, the share of Egypt increased by +48 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) constitutes the largest market for imported ethylene glycol (ethanediol) in Africa, comprising 68% of total imports. The second position in the ranking was taken by South Africa ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Egypt stood at +22.4%. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (+1.2% per year) and Algeria (+18.6% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, growing by 6.8% against the previous year. Overall, the import price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 when the import price increased by 29% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Egypt ($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 (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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