Western Africa: Market for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid 2024

Market Size for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in Western Africa

In 2022, the West African market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid decreased by -5.8% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption continues to indicate a mild curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in Western Africa

In value terms, production of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid soared to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 1,406% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Exports in Western Africa

In 2022, the amount of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exported in Western Africa totaled X tons, approximately reflecting the previous year's figure. In general, exports posted a modest increase. The pace of growth appeared the most rapid in 2013 when exports increased by 637% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid amounted to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 524%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Senegal prevails in acid structure, recording X tons, which was near 93% of total exports in 2022. It was distantly followed by Cote d'Ivoire (X tons), comprising a 7.4% share of total exports.

Senegal was also the fastest-growing in terms of the dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exports, with a CAGR of +3.1% from 2012 to 2022. Cote d'Ivoire (-5.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal increased by +16 percentage points.

In value terms, Senegal ($X) remains the largest dibutyl and dioctyl orthophthalates other esters of orthophthalic acid supplier in Western Africa, comprising 96% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 4.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Senegal was relatively modest.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the export price recorded a mild contraction. The growth pace was the most rapid in 2014 an increase of 30% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Cote d'Ivoire stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (-2.3%).

Imports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Imports in Western Africa

In 2022, purchases abroad of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid decreased by -8.9% to X tons, falling for the second consecutive year after four years of growth. Overall, imports continue to indicate a mild curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 30%. Over the period under review, imports of attained the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid shrank to $X in 2022. Over the period under review, imports saw a slight reduction. The pace of growth appeared the most rapid in 2020 with an increase of 30%. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X tons) was the main importer of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid, constituting 60% of total imports. Cote d'Ivoire (X tons) ranks second in terms of the total imports with a 31% share, followed by Senegal (6.4%). Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of +30.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported dibutyl and dioctyl orthophthalates other esters of orthophthalic acid in Western Africa, comprising 64% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 29% share of total imports. It was followed by Senegal, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at -3.1%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (-1.2% per year) and Senegal (+23.8% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, picking up by 4.2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 49% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+0.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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