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Report Western Africa - Diethanolamine and Its Salts - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Western Africa - Diethanolamine and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Diethanolamine Market 2024

Diethanolamine Market Size in Western Africa

The West African diethanolamine market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, showed a perceptible decline. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Diethanolamine Production in Western Africa

In value terms, diethanolamine production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 18%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Diethanolamine Exports

Exports in Western Africa

In 2020, diethanolamine exports in Western Africa skyrocketed to X kg, with an increase of 200% compared with the year before. In general, exports, however, continue to indicate a precipitous descent. The volume of export peaked at X tons in 2015; however, from 2016 to 2020, the exports stood at a somewhat lower figure.

In value terms, diethanolamine exports surged to $X in 2020. Overall, exports, however, faced a precipitous decline. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2020, the exports remained at a lower figure.

Exports by Country

Mali (X kg) represented roughly 100% of total exports in 2020.

Mali was also the fastest-growing in terms of the diethanolamine and its salts exports, with a CAGR of -45.1% from 2015 to 2020. Mali (+58 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 Mali, diethanolamine exports declined by an average annual rate of -41.9% over the period from 2015-2020.

Export Prices by Country

In 2020, the export price in Western Africa amounted to $X per ton, shrinking by -17.7% against the previous year. Overall, the export price, however, continues to indicate a strong increase. The growth pace was the most rapid in 2017 when the export price increased by 98% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2020, the export prices remained at a somewhat lower figure.

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

From 2015 to 2020, the rate of growth in terms of prices for Mali amounted to +5.7% per year.

Diethanolamine Imports

Imports in Western Africa

In 2021, the amount of diethanolamine and its salts imported in Western Africa soared to X tons, picking up by 79% on the previous year. Over the period under review, imports, however, continue to indicate a perceptible contraction. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, diethanolamine imports surged to $X in 2021. In general, imports, however, continue to indicate a pronounced descent. The growth pace was the most rapid in 2015 with an increase of 72%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Nigeria dominates imports structure, amounting to X tons, which was near 78% of total imports in 2021. Cote d'Ivoire (X tons) took the second position in the ranking, followed by Cabo Verde (X tons) and Benin (X tons). All these countries together held near 19% share of total imports. Ghana (X tons) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of +6.9% from 2012 to 2021. At the same time, Benin (+17.0%), Cabo Verde (+14.3%) and Cote d'Ivoire (+1.2%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +17.0% from 2012-2021. By contrast, Ghana (-21.2%) illustrated a downward trend over the same period. While the share of Nigeria (+51 p.p.), Cabo Verde (+5.3 p.p.), Benin (+4.5 p.p.) and Cote d'Ivoire (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Ghana (-15.3 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported diethanolamine and its salts in Western Africa, comprising 61% of total imports. The second position in the ranking was held by Benin ($X), with a 13% share of total imports. It was followed by Cabo Verde, with an 8.9% share.

In Nigeria, diethanolamine imports increased at an average annual rate of +4.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Benin (+15.6% per year) and Cabo Verde (+12.1% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, falling by -7.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2015 an increase of 52% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Benin ($X per ton), while Nigeria ($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 (+12.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Nigeria remains the largest diethanolamine consuming country in Western Africa, comprising approx. 60% of total volume. Moreover, diethanolamine consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Mali, fourfold. The third position in this ranking was occupied by Cote d'Ivoire, with a 15% share.
Mali constituted the country with the largest volume of diethanolamine production, accounting for 100% of total volume.
In value terms, Nigeria constitutes the largest market for imported diethanolamine and its salts in Western Africa, comprising 54% of total imports. The second position in the ranking was occupied by Cote d'Ivoire, with a 20% share of total imports. It was followed by Ghana, with a 14% share.
The export price in Western Africa stood at $1,783 per ton in 2020, which is down by -16.3% against the previous year.
The import price in Western Africa stood at $1,815 per ton in 2021, with a decrease of -9.8% against the previous year.

This report provides an in-depth analysis of the diethanolamine 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 20144235 - Diethanolamine and its salts

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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