ECOWAS: Hydrazine And Hydroxylamine Market 2024

Hydrazine And Hydroxylamine Market Size in ECOWAS

In 2022, after two years of growth, there was significant decline in the ECOWAS hydrazine and hydroxylamine market, when its value decreased by -14.4% to $X. In general, consumption, however, saw resilient growth. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Hydrazine And Hydroxylamine Production in ECOWAS

In value terms, hydrazine and hydroxylamine production fell to $X in 2022 estimated in export price. In general, production, however, recorded a precipitous contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 22%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Hydrazine And Hydroxylamine Exports

Exports in ECOWAS

Hydrazine and hydroxylamine exports fell remarkably to X kg in 2019, declining by -83.4% on 2018. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 67% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2019, the exports failed to regain momentum.

In value terms, hydrazine and hydroxylamine exports contracted notably to $X in 2019. Overall, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 77% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2019, the exports remained at a lower figure.

Exports by Country

Ghana was the largest exporter of hydrazine and hydroxylamine and their inorganic salts in ECOWAS, with the volume of exports recording X kg, which was approx. 85% of total exports in 2019. It was distantly followed by Sierra Leone (X kg), creating a 12% share of total exports. Niger (X kg) followed a long way behind the leaders.

From 2012 to 2019, average annual rates of growth with regard to hydrazine and hydroxylamine exports from Ghana stood at -8.8%. Niger and Sierra Leone experienced a relatively flat trend pattern. From 2012 to 2019, the share of Sierra Leone and Niger increased by +12 and +3 percentage points, respectively.

From 2012 to 2019, the average annual rate of growth in terms of value in Ghana totaled -13.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Sierra Leone (0.0% per year) and Niger (0.0% per year).

Export Prices by Country

In 2019, the export price in ECOWAS amounted to $X per ton, growing by 25% against the previous year. In general, the export price, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 an increase of 29% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2019, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2019, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Sierra Leone ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Ghana (-4.7%).

Hydrazine And Hydroxylamine Imports

Imports in ECOWAS

In 2022, supplies from abroad of hydrazine and hydroxylamine and their inorganic salts decreased by -3.9% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 156%. The volume of import peaked at X tons in 2021, and then contracted modestly in the following year.

In value terms, hydrazine and hydroxylamine imports contracted significantly to $X in 2022. Overall, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 203% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then fell markedly in the following year.

Imports by Country

Cote d'Ivoire (X tons) and Ghana (X tons) prevails in imports structure, together constituting 90% of total imports. It was distantly followed by Guinea (X tons), constituting a 5.6% share of total imports. Nigeria (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ghana (with a CAGR of +45.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Ghana ($X) and Guinea ($X) constituted the countries with the highest levels of imports in 2022, together comprising 94% of total imports.

In terms of the main importing countries, Ghana, with a CAGR of +60.9%, saw the highest rates of growth with regard to the value of imports, 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 2022, reducing by -16.4% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydrazine and hydroxylamine import price increased by +79.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by 52%. As a result, import price attained the peak level of $X per ton, and then shrank significantly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Cote d'Ivoire ($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 (+10.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform