Report Update Nov 1, 2024

Western Africa - 2,2-Oxydiethanol (Diethylene Glycol, Digol) - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Market for 2,2-Oxydiethanol (Diethylene Glycol, Digol) 2024

Market Size for 2,2-Oxydiethanol (Diethylene Glycol, Digol) in Western Africa

The West African diethylene glycol and digol market dropped markedly to $X in 2021, declining by -19.3% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of X-Oxydiethanol (Diethylene Glycol, Digol) in Western Africa

In value terms, diethylene glycol and digol production reached $X in 2021 estimated in export price. Overall, production recorded a mild shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 17%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of 2,2-Oxydiethanol (Diethylene Glycol, Digol)

Exports in Western Africa

In 2021, overseas shipments of X-oxydiethanol (diethylene glycol, digol) decreased by 0% to X tons, falling for the second consecutive year after two years of decline. In general, exports showed a abrupt contraction. The smallest decline of -91.1% was in 2015. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, diethylene glycol and digol exports amounted to $X in 2021. Over the period under review, exports posted a noticeable expansion. The smallest decline of -87% was in 2015. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, surging by 714% against the previous year. In general, the export price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by 714% against the previous year. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

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

From 2014 to 2021, the rate of growth in terms of prices for Senegal amounted to 0.0% per year.

Imports of 2,2-Oxydiethanol (Diethylene Glycol, Digol)

Imports in Western Africa

In 2021, approx. X tons of X-oxydiethanol (diethylene glycol, digol) were imported in Western Africa; with a decrease of -35.1% on 2020 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 146%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, diethylene glycol and digol imports shrank dramatically to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 108% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Nigeria was the key importing country with an import of around X tons, which resulted at 60% of total imports. It was distantly followed by Ghana (X tons) and Senegal (X tons), together achieving a 26% share of total imports. Gambia (X tons), Cote d'Ivoire (X tons), Guinea-Bissau (X tons) and Burkina Faso (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to diethylene glycol and digol imports into Nigeria stood at -3.4%. At the same time, Cote d'Ivoire (+80.6%), Ghana (+68.7%) and Burkina Faso (+13.1%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +80.6% from 2012-2021. Gambia and Guinea-Bissau experienced a relatively flat trend pattern. By contrast, Senegal (-3.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Ghana, Cote d'Ivoire and Guinea-Bissau increased by +21, +2.8 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported X-oxydiethanol (diethylene glycol, digol) in Western Africa, comprising 57% of total imports. The second position in the ranking was held by Ghana ($X), with a 23% share of total imports. It was followed by Senegal, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value in Nigeria stood at -3.1%. In the other countries, the average annual rates were as follows: Ghana (+65.8% per year) and Senegal (-2.1% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, increasing by 22% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Senegal ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+1.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for 2,2-oxydiethanol (diethylene glycol, digol) in Western Africa?

The country with the largest volume of diethylene glycol and digol consumption was Nigeria, comprising approx. 81% of total volume. Moreover, diethylene glycol and digol consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Ghana, more than tenfold. Guinea ranked third in terms of total consumption with a 6.4% share.

What are the leading importers of 2,2-oxydiethanol (diethylene glycol, digol) in Western Africa?

In value terms, Nigeria constitutes the largest market for imported 2,2-oxydiethanol diethylene glycol, digol) in Western Africa, comprising 76% of total imports. The second position in the ranking was occupied by Ghana, with a 13% share of total imports. It was followed by Senegal, with a 5.1% share.

What is the average export price for 2,2-oxydiethanol (diethylene glycol, digol) in Western Africa?

The export price in Western Africa stood at $646 per ton in 2019, falling by -43.4% against the previous year.

What is the average import price for 2,2-oxydiethanol (diethylene glycol, digol) in Western Africa?

The import price in Western Africa stood at $979 per ton in 2021, with a decrease of -1.9% against the previous year.

This report provides an in-depth analysis of the market for diethylene glycol and digol in Western Africa. 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 20146333 - 2,2-Oxydiethanol (diethylene glycol, digol)

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Mauritania
Niger
Nigeria
Saint Helena, Ascension and Tristan da Cunha
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 Western Africa, split by region and country
Trade (exports and imports) in Western Africa
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
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- 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