Africa: Market for Nitric Acid And Sulphonitric Acids 2024

Market Size for Nitric Acid And Sulphonitric Acids in Africa

In 2021, the African nitric and sulphonitric acids market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, recorded a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Nitric Acid And Sulphonitric Acids in Africa

In value terms, nitric and sulphonitric acids production skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt downturn. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Nitric Acid And Sulphonitric Acids

Exports in Africa

Nitric and sulphonitric acids exports surged to X tons in 2021, jumping by 31% compared with the year before. Overall, exports recorded resilient growth. The pace of growth appeared the most rapid in 2014 when exports increased by 107% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, nitric and sulphonitric acids exports surged to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 138% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, South Africa (X tons) represented the largest exporter of nitric acid and sulphonitric acids, constituting 62% of total exports. It was distantly followed by Egypt (X tons), constituting a 31% share of total exports. Kenya (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +11.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Egypt ($X) and Kenya ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 93% of total exports.

Egypt, with a CAGR of +1.1%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries 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 2021, growing by 32% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kenya ($X per ton), while South Africa ($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 (-4.3%), while the other leaders experienced a decline in the export price figures.

Imports of Nitric Acid And Sulphonitric Acids

Imports in Africa

In 2021, imports of nitric acid and sulphonitric acids in Africa expanded modestly to X tons, growing by 3.1% against the year before. The total import volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 18% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, nitric and sulphonitric acids imports expanded markedly to $X in 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 22%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Morocco (X tons) was the largest importer of nitric acid and sulphonitric acids, comprising 40% of total imports. Algeria (X tons) took the second position in the ranking, followed by Kenya (X tons), Burkina Faso (X tons) and Senegal (X tons). All these countries together held approx. 27% share of total imports. Madagascar (X tons), Sudan (X tons), Zimbabwe (X tons), Zambia (X tons), Ethiopia (X tons), Botswana (X tons), Ghana (X tons) and Nigeria (X tons) followed a long way behind the leaders.

Imports into Morocco increased at an average annual rate of +3.5% from 2012 to 2021. At the same time, Madagascar (+44.6%), Sudan (+32.3%), Senegal (+26.8%), Burkina Faso (+18.3%), Zimbabwe (+9.6%), Ghana (+7.0%), Nigeria (+6.3%), Algeria (+5.6%), Botswana (+4.5%) and Kenya (+4.4%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing importer imported in Africa, with a CAGR of +44.6% from 2012-2021. By contrast, Ethiopia (-1.3%) and Zambia (-5.4%) illustrated a downward trend over the same period. Senegal (+4.3 p.p.), Madagascar (+4 p.p.), Burkina Faso (+4 p.p.) and Sudan (+3.4 p.p.) significantly strengthened its position in terms of the total imports, while Ethiopia, Zambia and Morocco saw its share reduced by -1.7%, -4.2% and -4.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) constitutes the largest market for imported nitric acid and sulphonitric acids in Africa, comprising 35% of total imports. The second position in the ranking was held by Kenya ($X), with a 9.1% share of total imports. It was followed by Sudan, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value in Morocco totaled +1.4%. The remaining importing countries recorded the following average annual rates of imports growth: Kenya (+6.0% per year) and Sudan (+24.1% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, surging by 3.7% against the previous year. Over the period under review, the import price, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2013 an increase of 16% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

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 Sudan ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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