ECOWAS: Market for Organic Derivatives Of Hydrazine Or Of Hydroxylamine 2024

Market Size for Organic Derivatives Of Hydrazine Or Of Hydroxylamine in ECOWAS

The ECOWAS hydrazine and hydroxylamine derivatives market shrank to $X in 2022, with a decrease of -9.1% against the previous year. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.9% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Organic Derivatives Of Hydrazine Or Of Hydroxylamine in ECOWAS

In value terms, hydrazine and hydroxylamine derivatives production fell to $X in 2022 estimated in export price. The total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +11.4% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 40% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Organic Derivatives Of Hydrazine Or Of Hydroxylamine

Exports in ECOWAS

Hydrazine and hydroxylamine derivatives exports soared to X tons in 2019, with an increase of 22,344% on the previous year's figure. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydrazine and hydroxylamine derivatives exports soared to $X in 2019. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Togo prevails in exports structure, recording X tons, which was approx. 98% of total exports in 2019. Senegal (X kg) took a minor share of total exports.

Togo experienced a relatively flat trend pattern with regard to volume of exports of organic derivatives of hydrazine or of hydroxylamine. Senegal experienced a relatively flat trend pattern. From 2012 to 2019, the share of Togo increased by +97 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

From 2012 to 2019, the average annual rate of growth in terms of value in Togo was relatively modest.

Export Prices by Country

In 2019, the export price in ECOWAS amounted to $X per ton, jumping by 142% against the previous year. Over the period under review, the export price saw a significant expansion. The growth pace was the most rapid in 2015 when the export price increased by 283%. Over the period under review, the export prices reached the maximum at $X per ton in 2016; afterwards, it flattened through to 2019.

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 Togo ($X per ton), while Senegal stood at $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Togo (0.0%).

Imports of Organic Derivatives Of Hydrazine Or Of Hydroxylamine

Imports in ECOWAS

In 2022, after two years of growth, there was significant decline in purchases abroad of organic derivatives of hydrazine or of hydroxylamine, when their volume decreased by -5.2% to X tons. Over the period under review, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 49%. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, hydrazine and hydroxylamine derivatives imports declined slightly to $X in 2022. In general, imports, however, showed a pronounced increase. The pace of growth appeared the most rapid in 2020 when imports increased by 49% against the previous year. The level of import peaked at $X in 2021, and then shrank modestly in the following year.

Imports by Country

Nigeria was the major importer of organic derivatives of hydrazine or of hydroxylamine in ECOWAS, with the volume of imports finishing at X tons, which was approx. 57% of total imports in 2022. Cote d'Ivoire (X tons) took the second position in the ranking, distantly followed by Ghana (X tons) and Senegal (X tons). All these countries together took approx. 34% share of total imports. Liberia (X tons) and Sierra Leone (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to hydrazine and hydroxylamine derivatives imports into Nigeria stood at +4.7%. At the same time, Senegal (+40.9%), Sierra Leone (+12.3%), Cote d'Ivoire (+12.0%), Liberia (+9.2%) and Ghana (+4.5%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +40.9% from 2012-2022. Cote d'Ivoire (+7 p.p.) and Senegal (+5.3 p.p.) significantly strengthened its position in terms of the total imports, while Ghana and Nigeria saw its share reduced by -2.3% and -12% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported organic derivatives of hydrazine or of hydroxylamine in ECOWAS, comprising 46% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 20% share of total imports. It was followed by Senegal, with a 13% share.

In Nigeria, hydrazine and hydroxylamine derivatives imports expanded at an average annual rate of +1.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+7.9% per year) and Senegal (+44.5% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, almost unchanged from the previous year. In general, the import price, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2021 when the import price increased by 9.1% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+2.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform