ECOWAS: Market for Anionic Surface-Active Agents (Excluding Soap) 2024

Market Size for Anionic Surface-Active Agents (Excluding Soap) in ECOWAS

The ECOWAS market for anionic surface-active agents (excluding soap) expanded remarkably to $X in 2021, surging by 6.6% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Anionic Surface-Active Agents (Excluding Soap) in ECOWAS

In value terms, anionic surface-active agents (excl. soap) production stood at $X in 2021 estimated in export price. The total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% 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 decreased by -0.7% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 20%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Anionic Surface-Active Agents (Excluding Soap)

Exports in ECOWAS

In 2021, shipments abroad of anionic surface-active agents (excluding soap) increased by 127% to X tons, rising for the second consecutive year after three years of decline. In general, exports showed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, anionic surface-active agents (excl. soap) exports soared to $X in 2021. Overall, exports enjoyed a notable expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria represented the largest exporting country with an export of around X tons, which finished at 54% of total exports. Niger (X tons) held the second position in the ranking, distantly followed by Ghana (X tons). All these countries together held near 40% share of total exports. Cote d'Ivoire (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Niger (with a CAGR of +40.6%), while the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) emerged as the largest anionic surface-active agents (excl. soap) supplier in ECOWAS, comprising 64% of total exports. The second position in the ranking was held by Niger ($X), with a 21% share of total exports. It was followed by Cote d'Ivoire, with a 7.6% share.

In Nigeria, anionic surface-active agents (excl. soap) exports increased at an average annual rate of +11.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Niger (+28.7% per year) and Cote d'Ivoire (-11.4% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2021, growing by 12% against the previous year. Overall, the export price, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2017 when the export price increased by 17% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Cote d'Ivoire ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+0.4%), while the other leaders experienced a decline in the export price figures.

Imports of Anionic Surface-Active Agents (Excluding Soap)

Imports in ECOWAS

For the third year in a row, ECOWAS recorded growth in purchases abroad of anionic surface-active agents (excluding soap), which increased by 38% to X tons in 2021. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 44%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, anionic surface-active agents (excl. soap) imports soared to $X in 2021. Over the period under review, imports, however, recorded a perceptible descent. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Cote d'Ivoire (X tons), Ghana (X tons) and Nigeria (X tons) represented the main importer of anionic surface-active agents (excluding soap) in ECOWAS, constituting 79% of total import. It was distantly followed by Burkina Faso (X tons), creating a 13% share of total imports. The following importers - Cabo Verde (X tons) and Senegal (X tons) - each resulted at a 4.2% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Cabo Verde (with a CAGR of +50.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 85% of total imports. These countries were followed by Burkina Faso, Senegal and Cabo Verde, which together accounted for a further 10%.

Cabo Verde, with a CAGR of +36.4%, recorded 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 ECOWAS stood at $X per ton in 2021, growing by 10% against the previous year. Overall, the import price, however, continues to indicate a pronounced reduction. 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.

Prices varied noticeably country of destination: the country with the highest price was Senegal ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform