Africa: Market for Lauric Acid And Other Acids, Their Salts And Esters 2024

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Africa

After three years of growth, the African market for lauric acid and other acids, their salts and esters decreased by -1.9% to $X in 2021. The market value increased at an average annual rate of +4.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then dropped slightly in the following year.

Production of Lauric Acid And Other Acids, Their Salts And Esters in Africa

In value terms, production of lauric acid and other acids, their salts and esters reduced to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +23.6% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 22%. As a result, production attained the peak level of $X, and then reduced in the following year.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports in Africa

Exports of lauric acid and other acids, their salts and esters was estimated at X tons in 2021, surging by 8.4% against the previous year. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by 60% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of lauric acid and other acids, their salts and esters reached $X in 2021. Overall, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 54%. Over the period under review, the exports of hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, South Africa (X tons), distantly followed by Mozambique (X tons), Kenya (X tons), Senegal (X tons) and Swaziland (X tons) represented the main exporters of lauric acid and other acids, their salts and esters, together achieving 94% of total exports. Cote d'Ivoire (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Swaziland (with a CAGR of +20.4%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest lauric acid and other acids, their salts and esters supplier in Africa, comprising 50% of total exports. The second position in the ranking was taken by Mozambique ($X), with a 20% share of total exports. It was followed by Swaziland, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa stood at +4.9%. In the other countries, the average annual rates were as follows: Mozambique (+24.8% per year) and Swaziland (+11.5% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, rising by 1.7% against the previous year. Over the period under review, the export price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the export price increased by 37% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Swaziland ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mozambique (+5.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports in Africa

In 2021, overseas purchases of lauric acid and other acids, their salts and esters were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of lauric acid and other acids, their salts and esters skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern 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

The purchases of the three major importers of lauric acid and other acids, their salts and esters, namely Egypt, South Africa and Morocco, represented more than half of total import. It was distantly followed by Algeria (X tons), Kenya (X tons) and Nigeria (X tons), together generating a 20% share of total imports. Tanzania (X tons) and Mauritius (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Tanzania (with a CAGR of +39.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Egypt ($X) and Morocco ($X) constituted the countries with the highest levels of imports in 2021, with a combined 63% share of total imports. Algeria, Kenya, Nigeria, Tanzania and Mauritius lagged somewhat behind, together comprising a further 23%.

In terms of the main importing countries, Mauritius, with a CAGR of +23.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, growing by 12% against the previous year. In general, the import price, however, showed a slight setback. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was South Africa ($X per ton), while Mauritius ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+2.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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