Report Update Nov 1, 2024

ECOWAS - Imines and Their Derivatives and Salts Thereof - Market Analysis, Forecast, Size, Trends and Insights

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ECOWAS: Imines Market 2024

Imines Market Size in ECOWAS

The ECOWAS imines market skyrocketed to $X in 2021, jumping by 38% against the previous year. Overall, consumption saw a resilient expansion. The level of consumption peaked in 2021 and is likely to see steady growth in years to come.

Imines Production in ECOWAS

In value terms, imines production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by 6.1% against the previous year. As a result, production reached the peak level of $X, and then contracted modestly in the following year.

Imines Exports

Exports in ECOWAS

In 2019, approx. X kg of imines and their derivatives and salts thereof were exported in ECOWAS; waning by -86.8% compared with the year before. Over the period under review, exports, however, continue to indicate significant growth. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2019, the exports stood at a somewhat lower figure.

In value terms, imines exports declined remarkably to $X in 2019. Overall, exports, however, continue to indicate significant growth. The smallest decline of -49.6% was in 2018. The level of export peaked at $X in 2017; however, from 2018 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Niger (X kg) represented roughly 100% of total exports in 2019.

Niger experienced a relatively flat trend pattern with regard to volume of exports of imines and their derivatives and salts thereof. From 2012 to 2019, the share of Niger increased by +99 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In Niger, imines exports remained relatively stable over the period from 2012-2019.

Export Prices by Country

In 2019, the export price in ECOWAS amounted to $X per ton, falling by -39.9% against the previous year. Over the period under review, the export price continues to indicate a dramatic descent. The most prominent rate of growth was recorded in 2014 an increase of 8,033% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2019, 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 Niger.

From 2012 to 2019, the rate of growth in terms of prices for Niger amounted to 0.0% per year.

Imines Imports

Imports in ECOWAS

Imines imports skyrocketed to X tons in 2021, picking up by 36% on the previous year. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 257%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, imines imports soared to $X in 2021. Overall, imports saw resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 347% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Nigeria (X tons) was the major importer of imines and their derivatives and salts thereof, committing 78% of total imports. Ghana (X tons) held the second position in the ranking, distantly followed by Cote d'Ivoire (X tons). All these countries together held near 22% share of total imports.

Nigeria was also the fastest-growing in terms of the imines and their derivatives and salts thereof imports, with a CAGR of +34.9% from 2012 to 2021. At the same time, Ghana (+17.9%) and Cote d'Ivoire (+11.0%) displayed positive paces of growth. From 2012 to 2021, the share of Nigeria increased by +46 percentage points.

In value terms, Nigeria ($X) constitutes the largest market for imported imines and their derivatives and salts thereof in ECOWAS, comprising 76% of total imports. The second position in the ranking was held by Ghana ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Nigeria stood at +36.8%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+8.6% per year) and Cote d'Ivoire (+9.3% per year).

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per ton, surging by 8.7% against the previous year. In general, the import price, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2016 an increase of 30% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Cote d'Ivoire ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

This report provides an in-depth analysis of the imines market in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20144340 - Imines and their derivatives, and salts thereof

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Niger
Nigeria
Senegal
Sierra Leone
Togo
Cote d'Ivoire

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in ECOWAS, split by region and country
Trade (exports and imports) in ECOWAS
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023