Africa: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Africa

The African polycarboxylic acid market expanded notably to $X in 2022, surging by 10% against the previous year. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +44.5% against 2017 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Polycarboxylic Acid Production in Africa

In value terms, polycarboxylic acid production totaled $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.0% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 49% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Polycarboxylic Acid Exports

Exports in Africa

In 2022, exports of polycarboxylic acids in Africa reduced markedly to X tons, waning by -49% on 2021 figures. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 118% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, polycarboxylic acid exports dropped notably to $X in 2022. Overall, exports, however, posted a modest increase. The most prominent rate of growth was recorded in 2017 with an increase of 123% against the previous year. The level of export peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

Tunisia was the largest exporting country with an export of about X tons, which recorded 61% of total exports. It was distantly followed by South Africa (X tons), constituting a 30% share of total exports. The following exporters - Egypt (X tons) and Senegal (X tons) - each accounted for a 4.3% share of total exports.

Exports from Tunisia increased at an average annual rate of +4.3% from 2012 to 2022. At the same time, Egypt (+8.8%) and Senegal (+1.4%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of +8.8% from 2012-2022. By contrast, South Africa (-3.9%) illustrated a downward trend over the same period. Tunisia (+19 p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by -16.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tunisia ($X), South Africa ($X) and Egypt ($X) were the countries with the highest levels of exports in 2022, with a combined 96% share of total exports.

In terms of the main exporting countries, Egypt, with a CAGR of +12.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, growing by 38% against the previous year. Export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polycarboxylic acid export price increased by +76.1% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+3.0%), while the other leaders experienced more modest paces of growth.

Polycarboxylic Acid Imports

Imports in Africa

In 2022, overseas purchases of polycarboxylic acids were finally on the rise to reach X tons after two years of decline. In general, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of 58% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, polycarboxylic acid imports soared to $X in 2022. Overall, imports posted buoyant growth. The pace of growth was the most pronounced in 2018 when imports increased by 68% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Egypt was the major importer of polycarboxylic acids in Africa, with the volume of imports amounting to X tons, which was approx. 57% of total imports in 2022. It was distantly followed by South Africa (X tons), comprising a 26% share of total imports. Morocco (X tons), Nigeria (X tons), Kenya (X tons), Algeria (X tons) and Cote d'Ivoire (X tons) held a minor share of total imports.

Egypt was also the fastest-growing in terms of the polycarboxylic acids imports, with a CAGR of +23.4% from 2012 to 2022. At the same time, South Africa (+4.7%), Algeria (+3.8%), Cote d'Ivoire (+3.6%), Morocco (+3.1%) and Kenya (+3.0%) displayed positive paces of growth. Nigeria experienced a relatively flat trend pattern. Egypt (+38 p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire, Algeria, Kenya, Morocco, Nigeria and South Africa saw its share reduced by -1.8%, -2%, -2.3%, -3.2%, -4.4% and -19.8% from 2012 to 2022, respectively.

In value terms, Egypt ($X) constitutes the largest market for imported polycarboxylic acids in Africa, comprising 57% of total imports. The second position in the ranking was held by South Africa ($X), with a 19% share of total imports. It was followed by Morocco, with a 5.6% share.

In Egypt, polycarboxylic acid imports expanded at an average annual rate of +19.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (+2.3% per year) and Morocco (+5.3% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, waning by -2% against the previous year. In general, the import price saw a mild curtailment. The most prominent rate of growth was recorded in 2021 when the import price increased by 33%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+2.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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