Africa: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in Africa

The African industrial fatty alcohols market reached $X in 2021, with an increase of 3% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Industrial Fatty Alcohols Production in Africa

In value terms, industrial fatty alcohols production totaled $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 9.9%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Industrial Fatty Alcohols Exports

Exports in Africa

In 2021, exports of industrial fatty alcohols in Africa dropped modestly to X tons, waning by -2.5% against the previous year's figure. The total export volume increased at an average annual rate of +1.3% 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 2016 when exports increased by 27% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, industrial fatty alcohols exports soared to $X in 2021. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by 37% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, South Africa (X tons) represented the main exporter of industrial fatty alcohols in Africa, comprising 100% of total export.

South Africa was also the fastest-growing in terms of the industrial fatty alcohols exports, with a CAGR of +1.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest industrial fatty alcohols supplier in Africa.

In South Africa, industrial fatty alcohols exports plunged by an average annual rate of -7.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, picking up by 19% against the previous year. In general, the export price, however, recorded a deep setback. Over the period under review, the export prices attained the peak figure 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 -8.9% per year.

Industrial Fatty Alcohols Imports

Imports in Africa

In 2021, purchases abroad of industrial fatty alcohols decreased by -20.3% to X tons, falling for the second year in a row after three years of growth. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -25.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 31% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial fatty alcohols imports reached $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2019 when imports increased by 13%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, South Africa (X tons), distantly followed by Nigeria (X tons), Tunisia (X tons), Democratic Republic of the Congo (X tons), Egypt (X tons) and Algeria (X tons) were the main importers of industrial fatty alcohols, together generating 82% of total imports. Tanzania (X tons) and Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Tunisia (with a CAGR of +39.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported industrial fatty alcohols in Africa, comprising 31% of total imports. The second position in the ranking was taken by Nigeria ($X), with a 14% share of total imports. It was followed by Egypt, with an 11% 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: Nigeria (+14.6% per year) and Egypt (-2.3% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, growing by 29% against the previous year. Over the period under review, the import price, however, saw a noticeable slump. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Algeria ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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