ECOWAS: Anti-Oxidising Preparations Market 2024

Anti-Oxidising Preparations Market Size in ECOWAS

In 2022, after two years of growth, there was decline in the ECOWAS anti-oxidising preparations market, when its value decreased by X% to $X. In general, consumption continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when the market value increased by X%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Anti-Oxidising Preparations Production in ECOWAS

In value terms, anti-oxidising preparations production stood at $X in 2022 estimated in export price. Overall, production, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Anti-Oxidising Preparations Exports

Exports in ECOWAS

In 2022, after two years of growth, there was significant decline in shipments abroad of anti-oxidising preparations and other compounds stabilisers for rubber or plastics, when their volume decreased by X% to X tons. Over the period under review, exports saw a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, anti-oxidising preparations exports fell rapidly to $X in 2022. In general, exports saw a dramatic decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Ghana prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. Liberia (X kg) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the anti-oxidising preparations and other compounds stabilisers for rubber or plastics exports, with a CAGR of X% from 2012 to 2022. Liberia (X%) illustrated a downward trend over the same period. Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) remains the largest anti-oxidising preparations supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Liberia ($X), with a X% share of total exports.

In Ghana, anti-oxidising preparations exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, almost unchanged from the previous year. Overall, the export price saw a pronounced slump. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Liberia ($X per ton), while Ghana totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Liberia (X%).

Anti-Oxidising Preparations Imports

Imports in ECOWAS

Anti-oxidising preparations imports fell sharply to X tons in 2022, declining by X% compared with the previous year's figure. Over the period under review, imports recorded a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then reduced dramatically in the following year.

In value terms, anti-oxidising preparations imports reduced dramatically to $X in 2022. In general, imports showed a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X tons) represented the major importer of anti-oxidising preparations and other compounds stabilisers for rubber or plastics, constituting X% of total imports. It was distantly followed by Ghana (X tons), making up a X% share of total imports. Mali (X tons) followed a long way behind the leaders.

Nigeria experienced a relatively flat trend pattern with regard to volume of imports of anti-oxidising preparations and other compounds stabilisers for rubber or plastics. At the same time, Mali (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. While the share of Nigeria (X p.p.) and Ghana (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported anti-oxidising preparations and other compounds stabilisers for rubber or plastics in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Mali (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, saw a deep reduction. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Mali ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform