ECOWAS: Cyclohexane Market 2025

Cyclohexane Market Size in ECOWAS

In 2021, the ECOWAS cyclohexane market decreased by -1.8% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Cyclohexane Production in ECOWAS

In value terms, cyclohexane production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 12% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Cyclohexane Exports

Exports in ECOWAS

For the fourth consecutive year, ECOWAS recorded growth in overseas shipments of cyclohexane, which increased by 20% to X tons in 2021. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2018 with an increase of 186%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, cyclohexane exports stood at $X in 2021. Overall, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 129%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

In 2021, Burkina Faso (X tons) was the key exporter of cyclohexane in ECOWAS, achieving 100% of total export.

Burkina Faso was also the fastest-growing in terms of the cyclohexane exports, with a CAGR of +22.9% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Burkina Faso ($X) also remains the largest cyclohexane supplier in ECOWAS.

In Burkina Faso, cyclohexane exports increased at an average annual rate of +13.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, shrinking by -15.1% against the previous year. In general, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2017 when the export price increased by 91% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Burkina Faso.

From 2012 to 2021, the rate of growth in terms of prices for Burkina Faso amounted to -8.0% per year.

Cyclohexane Imports

Imports in ECOWAS

For the third consecutive year, ECOWAS recorded growth in supplies from abroad of cyclohexane, which increased by 4.9% to X tons in 2021. In general, imports posted a perceptible expansion. The pace of growth appeared the most rapid in 2014 with an increase of 75% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, cyclohexane imports shrank to $X in 2021. Overall, imports, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2019 with an increase of 78% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Nigeria dominates imports structure, reaching X tons, which was approx. 96% of total imports in 2021. Burkina Faso (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to cyclohexane imports into Nigeria stood at +2.8%. At the same time, Burkina Faso (+9.1%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +9.1% from 2012-2021. While the share of Burkina Faso (+4.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Nigeria (-3.9 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported cyclohexane in ECOWAS, comprising 99% of total imports. The second position in the ranking was held by Burkina Faso ($X), with a 0.9% share of total imports.

In Nigeria, cyclohexane imports contracted by an average annual rate of -2.2% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per ton, falling by -5.9% against the previous year. Over the period under review, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 an increase of 52% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Burkina Faso totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (-4.9%).

Source: IndexBox Platform