Africa: Monoethanolamine Market 2024

Monoethanolamine Market Size in Africa

The African monoethanolamine market expanded to $X in 2021, picking up by 3.2% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Monoethanolamine Production in Africa

In value terms, monoethanolamine production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 26% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Monoethanolamine Exports

Exports in Africa

In 2021, the amount of monoethanolamine and its salts exported in Africa totaled X tons, surging by 12% compared with the previous year's figure. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2015 with an increase of 468%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, monoethanolamine exports soared to $X in 2021. In general, exports posted a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 82%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Sudan prevails in exports structure, resulting at X tons, which was near 97% of total exports in 2021. South Africa (X tons) followed a long way behind the leaders.

Sudan was also the fastest-growing in terms of the monoethanolamine and its salts exports, with a CAGR of +20.7% from 2012 to 2021. At the same time, South Africa (+13.6%) displayed positive paces of growth. While the share of Sudan (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Africa (-1.6 p.p.) displayed negative dynamics.

In value terms, Sudan ($X) remains the largest monoethanolamine supplier in Africa, comprising 94% of total exports. The second position in the ranking was held by South Africa ($X), with a 5.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sudan totaled +10.3%.

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, growing by 4.2% against the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2013 an increase of 91% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Sudan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (-1.2%).

Monoethanolamine Imports

Imports in Africa

In 2021, approx. X tons of monoethanolamine and its salts were imported in Africa; increasing by 24% on the previous year. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% 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 -10.7% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 42%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, monoethanolamine imports surged to $X in 2021. Total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. 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

South Africa represented the main importer of monoethanolamine and its salts in Africa, with the volume of imports reaching X tons, which was approx. 45% of total imports in 2021. Egypt (X tons) held a 26% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (9.2%) and Algeria (5.4%). The following importers - Botswana (X tons), Tunisia (X tons) and Ghana (X tons) - together made up 6.1% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Nigeria (with a CAGR of +22.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Egypt ($X) and Nigeria ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 75% of total imports.

Nigeria, with a CAGR of +20.5%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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, increasing by 28% against the previous year. In general, the import price, however, continues to indicate a mild downturn. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Botswana ($X per ton) and Tunisia ($X per ton), while South Africa ($X per ton) and Algeria ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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