Western Africa: Anti-Oxidising Preparations Market 2025

Anti-Oxidising Preparations Market Size in Western Africa

In 2022, after two years of growth, there was decline in the West African anti-oxidising preparations market, when its value decreased by X% to $X. Overall, consumption saw a deep slump. The most prominent rate of growth was recorded in 2021 when the market value increased by X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Anti-Oxidising Preparations Production in Western Africa

In value terms, anti-oxidising preparations production expanded to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt setback. The growth pace was the most rapid in 2020 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Anti-Oxidising Preparations Exports

Exports in Western Africa

In 2022, shipments abroad of anti-oxidising preparations and other compounds stabilisers for rubber or plastics decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, anti-oxidising preparations exports contracted notably to $X in 2022. In general, exports saw a sharp curtailment. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Ghana dominates exports structure, finishing at X tons, which was near X% of total exports in 2022. Liberia (X kg) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the anti-oxidising preparations and other compounds stabilisers for rubber or plastics exports, with a CAGR of X% from 2012 to 2022. Liberia (X%) illustrated a downward trend over the same period. Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) remains the largest anti-oxidising preparations supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Liberia ($X), with a X% share of total exports.

In Ghana, anti-oxidising preparations exports shrank by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, approximately equating the previous year. In general, the export price continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 Liberia ($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 Liberia (X%).

Anti-Oxidising Preparations Imports

Imports in Western Africa

In 2022, the amount of anti-oxidising preparations and other compounds stabilisers for rubber or plastics imported in Western Africa declined remarkably to X tons, shrinking by X% on 2021. In general, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then declined significantly in the following year.

In value terms, anti-oxidising preparations imports reduced sharply to $X in 2022. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria represented the key importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by Ghana (X tons), achieving a X% share of total imports. Mali (X tons) followed a long way behind the leaders.

Nigeria experienced a relatively flat trend pattern with regard to volume of imports of anti-oxidising preparations and other compounds stabilisers for rubber or plastics. At the same time, Mali (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Nigeria (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported anti-oxidising preparations and other compounds stabilisers for rubber or plastics in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports.

In Nigeria, anti-oxidising preparations imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Mali (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Mali ($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

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