ECOWAS: Organo-Sulphur Compound Market 2024

Organo-Sulphur Compound Market Size in ECOWAS

In 2022, the ECOWAS organo-sulphur compound market decreased by X% to $X, falling for the second year in a row after two years of growth. The total consumption indicated notable 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 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Organo-Sulphur Compound Production in ECOWAS

In value terms, organo-sulphur compound production amounted to $X in 2022 estimated in export price. The total production indicated a moderate expansion 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 2020 indices. The growth pace was the most rapid in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Organo-Sulphur Compound Exports

Exports in ECOWAS

In 2022, approx. X tons of organo-sulphur compounds were exported in ECOWAS; with an increase of X% against the previous year. In general, exports posted prominent growth. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, organo-sulphur compound exports stood at $X in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

Cote d'Ivoire was the key exporter of organo-sulphur compounds in ECOWAS, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Ghana (X tons), mixing up a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%).

In value terms, Cote d'Ivoire ($X) remains the largest organo-sulphur compound supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire amounted to X%.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Ghana amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Organo-Sulphur Compound Imports

Imports in ECOWAS

In 2022, supplies from abroad of organo-sulphur compounds decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, showed a measured expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, organo-sulphur compound imports contracted markedly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X tons) represented the main importer of organo-sulphur compounds, mixing up X% of total imports. Ghana (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%). Burkina Faso (X tons) and Senegal (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to organo-sulphur compound imports into Nigeria stood at X%. At the same time, Ghana (X%), Burkina Faso (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cote d'Ivoire (X p.p.) and Senegal (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported organo-sulphur compounds in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with an X% share.

In Nigeria, organo-sulphur compound imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Burkina Faso ($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 a decline in the import price figures.

Source: IndexBox Platform