ECOWAS: Amylaceous Finishing Agents Market 2024

Amylaceous Finishing Agents Market Size in ECOWAS

The ECOWAS amylaceous finishing agents market stood at $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, showed resilient growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Amylaceous Finishing Agents Production in ECOWAS

In value terms, amylaceous finishing agents production expanded to $X in 2022 estimated in export price. Overall, production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Amylaceous Finishing Agents Exports

Exports in ECOWAS

After three years of growth, overseas shipments of finishing agents with amylaceous basis decreased by X% to X tons in 2022. Over the period under review, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, amylaceous finishing agents exports reduced to $X in 2022. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Benin (X tons) and Gambia (X tons) represented the main exporters of finishing agents with amylaceous basis in 2022, finishing at near X% and X% of total exports, respectively. It was distantly followed by Togo (X tons), constituting a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Gambia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Benin ($X) remains the largest amylaceous finishing agents supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Gambia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Benin amounted to X%. In the other countries, the average annual rates were as follows: Gambia (X% per year) and Togo (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price showed strong growth. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Benin ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Amylaceous Finishing Agents Imports

Imports in ECOWAS

In 2022, approx. X tons of finishing agents with amylaceous basis were imported in ECOWAS; declining by X% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate slight growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, amylaceous finishing agents imports contracted remarkably to $X in 2022. Overall, imports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ghana (X tons) was the key importer of finishing agents with amylaceous basis, constituting X% of total imports. Nigeria (X tons) ranks second in terms of the total imports with a X% share, followed by Cote d'Ivoire (X%) and Cabo Verde (X%). Sierra Leone (X tons), Senegal (X tons) and Niger (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to amylaceous finishing agents imports into Ghana stood at X%. At the same time, Niger (X%), Cabo Verde (X%), Sierra Leone (X%), Cote d'Ivoire (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.), Cabo Verde (X p.p.), Cote d'Ivoire (X p.p.) and Niger (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported finishing agents with amylaceous basis in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Cabo Verde ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform