ECOWAS: Market for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid 2024

Market Size for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in ECOWAS

In 2022, the ECOWAS market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid decreased by -5.8% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption continues to indicate a slight descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in ECOWAS

In value terms, production of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 1,406% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a somewhat lower figure.

Exports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Exports in ECOWAS

In 2022, the amount of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exported in ECOWAS was estimated at X tons, approximately mirroring the previous year's figure. Over the period under review, exports posted a slight expansion. The pace of growth appeared the most rapid in 2013 with an increase of 637% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid totaled $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 524% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Senegal prevails in acid structure, recording X tons, which was approx. 93% of total exports in 2022. It was distantly followed by Cote d'Ivoire (X tons), committing a 7.4% share of total exports.

Senegal was also the fastest-growing in terms of the dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exports, with a CAGR of +3.1% from 2012 to 2022. Cote d'Ivoire (-5.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal increased by +16 percentage points.

In value terms, Senegal ($X) remains the largest dibutyl and dioctyl orthophthalates other esters of orthophthalic acid supplier in ECOWAS, comprising 96% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 4.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Senegal was relatively modest.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, stabilizing at the previous year. In general, the export price continues to indicate a mild decline. The growth pace was the most rapid in 2014 an increase of 30%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, 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 Senegal ($X per ton), while Cote d'Ivoire totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (-2.3%).

Imports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Imports in ECOWAS

In 2022, overseas purchases of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid decreased by -8.9% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports saw a slight reduction. The growth pace was the most rapid in 2017 when imports increased by 30% against the previous year. Over the period under review, imports of hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid reduced to $X in 2022. In general, imports saw a mild decline. The growth pace was the most rapid in 2020 with an increase of 30% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria represented the main importing country with an import of about X tons, which accounted for 60% of total imports. Cote d'Ivoire (X tons) took a 31% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (6.4%). Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of +30.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported dibutyl and dioctyl orthophthalates other esters of orthophthalic acid in ECOWAS, comprising 64% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 29% share of total imports. It was followed by Senegal, with a 5.4% share.

In Nigeria, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid decreased by an average annual rate of -3.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (-1.2% per year) and Senegal (+23.8% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, surging by 4.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 49% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Nigeria ($X per ton) and Ghana ($X per ton), while Senegal ($X per ton) and Cote d'Ivoire ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+0.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform