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Report Western Africa - Acetic Anhydride - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Western Africa - Acetic Anhydride - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Acetic Anhydride Market 2024

Acetic Anhydride Market Size in Western Africa

The West African acetic anhydride market skyrocketed to $X in 2021, with an increase of 244% against the previous year. Over the period under review, consumption posted significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Acetic Anhydride Production in Western Africa

In value terms, acetic anhydride production expanded significantly to $X in 2021 estimated in export price. Overall, production saw a perceptible expansion. The pace of growth appeared the most rapid in 2013 with an increase of 1,127%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Acetic Anhydride Exports

Exports in Western Africa

In 2019, shipments abroad of acetic anhydride decreased by -10.7% to X kg, falling for the second consecutive year after two years of decline. Overall, exports recorded a significant contraction. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2019, the exports failed to regain momentum.

In value terms, acetic anhydride exports skyrocketed to $X in 2019. Over the period under review, exports recorded a dramatic setback. The level of export peaked at $X in 2013; however, from 2014 to 2019, the exports remained at a lower figure.

Exports by Country

Ghana represented the major exporting country with an export of about X kg, which accounted for 83% of total exports. It was distantly followed by Cote d'Ivoire (X kg), creating a 17% share of total exports.

Ghana was also the fastest-growing in terms of the acetic anhydride exports, with a CAGR of +90.9% from 2013 to 2019. Cote d'Ivoire (-68.2%) illustrated a downward trend over the same period. From 2013 to 2019, the share of Ghana and Cote d'Ivoire increased by +83 and +17 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

From 2013 to 2019, the average annual growth rate of value in Ghana amounted to +120.3%.

Export Prices by Country

In 2019, the export price in Western Africa amounted to $X per ton, growing by 85% against the previous year. In general, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 when the export price increased by 358%. The level of export peaked at $X per ton in 2017; 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 Ghana ($X per ton), while Cote d'Ivoire stood at $X per ton.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Ghana (+15.4%).

Acetic Anhydride Imports

Imports in Western Africa

In 2021, overseas purchases of acetic anhydride were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, showed a abrupt slump. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, acetic anhydride imports skyrocketed to $X in 2021. Over the period under review, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 158%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Burkina Faso represented the main importer of acetic anhydride in Western Africa, with the volume of imports reaching X tons, which was approx. 58% of total imports in 2021. It was distantly followed by Ghana (X tons) and Nigeria (X tons), together making up a 41% share of total imports.

Burkina Faso was also the fastest-growing in terms of the acetic anhydride imports, with a CAGR of +91.1% from 2012 to 2021. At the same time, Nigeria (+51.6%) displayed positive paces of growth. By contrast, Ghana (-19.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Burkina Faso and Nigeria increased by +58 and +15 percentage points, respectively.

In value terms, Burkina Faso ($X) constitutes the largest market for imported acetic anhydride in Western Africa, comprising 65% of total imports. The second position in the ranking was held by Nigeria ($X), with a 19% share of total imports.

In Burkina Faso, acetic anhydride imports increased at an average annual rate of +73.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (+59.9% per year) and Ghana (-2.5% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, which is down by -16.9% against the previous year. Overall, the import price, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2019 when the import price increased by 134%. Over the period under review, import prices reached the peak figure at $X per ton in 2020, and then contracted rapidly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+20.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of acetic anhydride consumption was Burkina Faso, comprising approx. 86% of total volume. Moreover, acetic anhydride consumption in Burkina Faso exceeded the figures recorded by the second-largest consumer, Nigeria, tenfold.
Cote d'Ivoire remains the largest acetic anhydride producing country in Western Africa, comprising approx. 100% of total volume.
In value terms, the largest acetic anhydride importing markets in Western Africa were Burkina Faso, Nigeria and Ghana, with a combined 99% share of total imports.
The acetic anhydride export price in Western Africa stood at $3,268 per ton in 2019, increasing by 70% against the previous year.
The acetic anhydride import price in Western Africa stood at $747 per ton in 2021, picking up by 15% against the previous year.

This report provides an in-depth analysis of the acetic anhydride market 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 20143277 - Acetic anhydride

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 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. 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. 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. 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

  12. 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

  13. 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

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