Western Africa: Chlorosulphuric Acid Market 2024

Chlorosulphuric Acid Market Size in Western Africa

After three years of growth, the West African chlorosulphuric acid market decreased by -3.3% to $X in 2022. Over the period under review, consumption enjoyed buoyant growth. The level of consumption peaked at $X in 2021, and then dropped modestly in the following year.

Chlorosulphuric Acid Production in Western Africa

In value terms, chlorosulphuric acid production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 5.1% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Chlorosulphuric Acid Exports

Exports in Western Africa

Chlorosulphuric acid exports fell slightly to X tons in 2022, dropping by -2.7% compared with the previous year's figure. In general, exports showed a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 62%. 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, chlorosulphuric acid exports fell to $X in 2022. Over the period under review, exports continue to indicate a sharp setback. The growth pace was the most rapid in 2017 when exports increased by 34%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X tons) and Ghana (X tons) prevails in exports structure, together mixing up 88% of total exports. It was distantly followed by Nigeria (X kg), committing an 8.6% share of total exports. Benin (X kg) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Benin (with a CAGR of -13.8%), while the other leaders experienced a decline in the exports figures.

In value terms, Ghana ($X), Cote d'Ivoire ($X) and Nigeria ($X) were the countries with the highest levels of exports in 2022, with a combined 95% share of total exports. These countries were followed by Benin, which accounted for a further 5.3%.

Benin, with a CAGR of -10.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, with a decrease of -3.4% against the previous year. Over the period under review, the export price recorded a pronounced decline. The pace of growth was the most pronounced in 2013 an increase of 27%. As a result, the export price attained the peak level of $X per ton. From 2014 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 Benin ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (+4.0%), while the other leaders experienced a decline in the export price figures.

Chlorosulphuric Acid Imports

Imports in Western Africa

For the fourth year in a row, Western Africa recorded growth in purchases abroad of chlorosulphuric acid, which increased by 0.6% to X tons in 2022. Overall, imports saw buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 177% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, chlorosulphuric acid imports fell to $X in 2022. Over the period under review, imports posted a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 294% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Mali (X tons) represented the major importer of chlorosulphuric acid, constituting 62% of total imports. It was distantly followed by Mauritania (X tons), generating a 27% share of total imports. The following importers - Burkina Faso (X tons) and Senegal (X tons) - each resulted at an 8.4% share of total imports.

Mali was also the fastest-growing in terms of the chlorosulphuric acid imports, with a CAGR of +39.9% from 2012 to 2022. At the same time, Mauritania (+8.3%) displayed positive paces of growth. By contrast, Senegal (-7.0%) and Burkina Faso (-11.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mali and Mauritania increased by +58 and +6.9 percentage points, respectively.

In value terms, Mali ($X) constitutes the largest market for imported chlorosulphuric acid in Western Africa, comprising 53% of total imports. The second position in the ranking was held by Mauritania ($X), with a 12% share of total imports. It was followed by Senegal, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value in Mali stood at +42.2%. In the other countries, the average annual rates were as follows: Mauritania (+4.8% per year) and Senegal (+9.9% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, reducing by -8.4% against the previous year. Over the period under review, the import price, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2017 an increase of 212% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+18.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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