Report Update Nov 1, 2024

Western Africa - Esters of Acrylic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in Western Africa

The West African acrylic acid esters market rose notably to $X in 2022, increasing by 8.9% against the previous year. In general, consumption posted resilient growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Acrylic Acid Esters Production in Western Africa

In value terms, acrylic acid esters production stood at $X in 2022 estimated in export price. Overall, production posted buoyant growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 40% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Acrylic Acid Esters Exports

Exports in Western Africa

For the fourth year in a row, Western Africa recorded growth in shipments abroad of esters of acrylic acid, which increased by 47,086% to X tons in 2017. In general, exports, however, saw a significant contraction. The volume of export peaked at X tons in 2012; however, from 2013 to 2017, the exports stood at a somewhat lower figure.

In value terms, acrylic acid esters exports surged to $X in 2017. Over the period under review, exports, however, recorded a significant decrease. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2017, the exports failed to regain momentum.

Exports by Country

Liberia (X tons) represented roughly 100% of total exports in 2017.

Liberia was also the fastest-growing in terms of the esters of acrylic acid exports, with a CAGR of +47,086.4% from 2012 to 2017. Liberia (+99 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, Liberia ($X) also remains the largest acrylic acid esters supplier in Western Africa.

From 2012 to 2017, the average annual rate of growth in terms of value in Liberia stood at +3,034.3%.

Export Prices by Country

In 2017, the export price in Western Africa amounted to $X per ton, declining by -93.4% against the previous year. In general, the export price, however, continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2015 a decrease of -93.4% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2017, the export prices stood at a somewhat lower figure.

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

From 2012 to 2017, the rate of growth in terms of prices for Liberia amounted to -93.4% per year.

Acrylic Acid Esters Imports

Imports in Western Africa

In 2022, after two years of decline, there was significant growth in supplies from abroad of esters of acrylic acid, when their volume increased by 41% to X tons. Overall, imports, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2014 with an increase of 123%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, acrylic acid esters imports skyrocketed to $X in 2022. Over the period under review, imports recorded noticeable growth. The pace of growth appeared the most rapid in 2014 when imports increased by 131% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the one major importers of esters of acrylic acid, namely Nigeria, represented more than two-thirds of total import.

Nigeria was also the fastest-growing in terms of the esters of acrylic acid imports, with a CAGR of -2.9% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported esters of acrylic acid in Western Africa.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria totaled +2.8%.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, growing by 27% against the previous year. In general, the import price showed a prominent increase. The growth pace was the most rapid in 2021 an increase of 122%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Nigeria.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to +5.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for esters of acrylic acid in Western Africa?

The countries with the highest volumes of in 2021 were Niger, Burkina Faso and Mali, with a combined 42% share of total consumption.

What are the largest producers of esters of acrylic acid in Western Africa?

The countries with the highest volumes of in 2021 were Niger, Burkina Faso and Mali, together accounting for 42% of total production.

What are the leading importers of esters of acrylic acid in Western Africa?

In value terms, Nigeria constitutes the largest market for imported esters of acrylic acid in Western Africa, comprising 99% of total imports. The second position in the ranking was occupied by Ghana, with a 1% share of total imports.

What is the average export price for esters of acrylic acid in Western Africa?

The export price in Western Africa stood at $1,850 per ton in 2017, reducing by -93.6% against the previous year.

What is the average import price for esters of acrylic acid in Western Africa?

The import price in Western Africa stood at $1,618 per ton in 2021, rising by 42% against the previous year.

This report provides an in-depth analysis of the acrylic acid esters 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 20143320 - Esters of acrylic acid

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:

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

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
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. 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. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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
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