Report Update Nov 1, 2024

ECOWAS - Maleic Anhydride - Market Analysis, Forecast, Size, Trends and Insights

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ECOWAS: Maleic Anhydride Market 2024

Maleic Anhydride Market Size in ECOWAS

The ECOWAS maleic anhydride market soared to $X in 2021, rising by 26% against the previous year. Overall, consumption showed a remarkable increase. The level of consumption peaked in 2021 and is likely to see steady growth in the near future.

Maleic Anhydride Production in ECOWAS

In value terms, maleic anhydride production dropped slightly to $X in 2021 estimated in export price. Overall, production saw a pronounced reduction. The pace of growth appeared the most rapid in 2018 when the production volume increased by 19% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Maleic Anhydride Exports

Exports in ECOWAS

In 2016, the amount of maleic anhydride exported in ECOWAS amounted to X kg, leveling off at 2015 figures. In general, exports faced a significant decrease. The smallest decline of 99.9% was in 2013. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2016, the exports stood at a somewhat lower figure.

In value terms, maleic anhydride exports amounted to $X in 2016. Overall, exports showed a precipitous decrease. The smallest decline of 99.9% was in 2013. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2016, the exports failed to regain momentum.

Export Prices by Country

In 2016, the export price in ECOWAS amounted to $X per ton, shrinking by -93.7% against the previous year. Overall, the export price showed a precipitous setback. The most prominent rate of growth was recorded in 2013 a decrease of -93.7% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2016, the export prices stood at a somewhat lower figure.

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

From 2012 to 2016, the rate of growth in terms of prices for Sierra Leone amounted to 0.0% per year.

Maleic Anhydride Imports

Imports in ECOWAS

For the third year in a row, ECOWAS recorded growth in overseas purchases of maleic anhydride, which increased by 16% to X tons in 2021. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2019 when imports increased by 148% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, maleic anhydride imports surged to $X in 2021. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of 131% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Nigeria (X tons) represented the key importer of maleic anhydride, committing 86% of total imports. It was distantly followed by Ghana (X tons), comprising a 12% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to maleic anhydride imports into Nigeria stood at +27.2%. At the same time, Ghana (+30.5%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +30.5% from 2012-2021. From 2012 to 2021, the share of Nigeria and Ghana increased by +26 and +5.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported maleic anhydride in ECOWAS, comprising 84% of total imports. The second position in the ranking was held by Ghana ($X), with a 9.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Nigeria stood at +30.4%.

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per ton, growing by 20% against the previous year. Overall, the import price, however, continues to indicate a slight slump. The pace of growth was the most pronounced in 2018 when the import price increased by 22% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Ghana totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+2.5%).

Source: IndexBox Platform

This report provides an in-depth analysis of the maleic anhydride 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 20143387 - Maleic anhydride

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