ECOWAS: Market for Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine 2025

Market Size for Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine in ECOWAS

In 2022, the ECOWAS market for thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine decreased by -6.2% to $X, falling for the second consecutive year after two years of growth. The total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 -16.1% against 2020 indices. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine in ECOWAS

In value terms, production of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine rose slightly to $X in 2022 estimated in export price. The total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 -4.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 56%. Over the period under review, production of reached the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine

Exports in ECOWAS

In 2021, shipments abroad of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine decreased by -83.5% to X tons, falling for the second consecutive year after two years of growth. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 7,102% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine declined remarkably to $X in 2021. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by 6,412%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Senegal (X tons), together resulting at 100% of total export.

Senegal experienced a relatively flat trend pattern with regard to volume of exports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine. From 2012 to 2021, the share of Senegal increased by +99 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

From 2012 to 2021, the average annual growth rate of value in Senegal was relatively modest.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2021, with an increase of 31% against the previous year. Over the period under review, the export price, however, recorded a abrupt descent. The growth pace was the most rapid in 2014 an increase of 135%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Senegal.

From 2012 to 2021, the rate of growth in terms of prices for Senegal amounted to 0.0% per year.

Imports of Thiocarbamates And Dithiocarbamates; Thiuram Mono-, Di- Or Tetrasulphides; Methionine

Imports in ECOWAS

In 2022, supplies from abroad of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine decreased by -39.2% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, posted a slight increase. The pace of growth was the most pronounced in 2020 with an increase of 76%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine reduced sharply to $X in 2022. In general, imports continue to indicate a slight downturn. The pace of growth was the most pronounced in 2020 with an increase of 97%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Nigeria prevails in methionine structure, amounting to X tons, which was near 83% of total imports in 2022. It was distantly followed by Ghana (X tons), creating an 8.7% share of total imports. Senegal (X tons) and Cote d'Ivoire (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine imports into Nigeria stood at +2.5%. At the same time, Ghana (+2.5%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +2.5% from 2012-2022. By contrast, Senegal (-7.1%) and Cote d'Ivoire (-7.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria increased by +7.4 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine in ECOWAS, comprising 83% of total imports. The second position in the ranking was held by Ghana ($X), with a 7.9% share of total imports. It was followed by Senegal, with a 3.8% share.

In Nigeria, imports of thiocarbamates and dithiocarbamates; thiuram mono-, di- or tetrasulphides; methionine plunged by an average annual rate of -1.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+1.8% per year) and Senegal (-8.1% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, rising by 6.7% against the previous year. In general, the import price, however, saw a noticeable setback. The pace of growth was the most pronounced in 2018 an increase of 17%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Cote d'Ivoire ($X per ton) and Senegal ($X per ton), while Ghana ($X per ton) and Nigeria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (-0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform