ECOWAS: Methylamine Market 2024

Methylamine Market Size in ECOWAS

The ECOWAS methylamine market was estimated at $X in 2022, leveling off at the previous year. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Methylamine Production in ECOWAS

In value terms, methylamine production reached $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Methylamine Exports

Exports in ECOWAS

In 2022, the amount of methylamine, di- or trimethylamine and their salts exported in ECOWAS reduced rapidly to X tons, with a decrease of X% against 2021. Over the period under review, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, methylamine exports reduced rapidly to $X in 2022. Overall, exports continue to indicate a significant decline. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Senegal (X tons) represented the main exporter of methylamine, di- or trimethylamine and their salts in ECOWAS, creating X% of total export.

Senegal was also the fastest-growing in terms of the methylamine, di- or trimethylamine and their salts exports, with a CAGR of X% from 2012 to 2022. Senegal (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) also remains the largest methylamine supplier in ECOWAS.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal stood at X%.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Senegal amounted to X% per year.

Methylamine Imports

Imports in ECOWAS

In 2022, purchases abroad of methylamine, di- or trimethylamine and their salts increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, methylamine imports dropped to $X in 2022. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

Mali was the major importing country with an import of around X tons, which resulted at X% of total imports. Senegal (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (X%) and Ghana (X%). Cote d'Ivoire (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to methylamine imports into Mali stood at X%. At the same time, Cote d'Ivoire (X%), Nigeria (X%), Ghana (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. While the share of Nigeria (X p.p.), Mali (X p.p.), Ghana (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Senegal (X p.p.) displayed negative dynamics.

In value terms, Mali ($X), Ghana ($X) and Nigeria ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Nigeria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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, which is down by X% against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, methylamine import price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then declined in the following year.

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 Ghana ($X per ton), while Mali ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform