Report Update Nov 1, 2024

Western Africa - Ethanal (Acetaldehyde) - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Ethanal Market 2024

Ethanal Market Size in Western Africa

The West African ethanal market expanded to $X in 2022, with an increase of 2.5% against the previous year. Over the period under review, consumption saw buoyant growth. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Ethanal Production in Western Africa

In value terms, ethanal production rose slightly to $X in 2022 estimated in export price. Overall, production enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 43% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Ethanal Exports

Exports in Western Africa

Ethanal exports contracted markedly to X tons in 2022, which is down by -22.6% against the previous year. Over the period under review, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 180%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, ethanal exports dropped significantly to $X in 2022. Overall, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 184%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Senegal (X tons), together reaching 100% of total export.

Senegal was also the fastest-growing in terms of the ethanal (acetaldehyde) exports, with a CAGR of +15.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) also remains the largest ethanal supplier in Western Africa.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal amounted to +10.5%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, which is down by -4.8% against the previous year. In general, the export price showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 an increase of 13%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Senegal.

From 2012 to 2022, the rate of growth in terms of prices for Senegal amounted to -4.7% per year.

Ethanal Imports

Imports in Western Africa

Ethanal imports dropped sharply to X tons in 2022, reducing by -20.9% against the previous year's figure. In general, imports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 62%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, ethanal imports reduced notably to $X in 2022. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 69%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Gambia (X tons) represented the main importer of ethanal (acetaldehyde), creating 82% of total imports. It was distantly followed by Nigeria (X kg), comprising a 17% share of total imports.

Gambia was also the fastest-growing in terms of the ethanal (acetaldehyde) imports, with a CAGR of +7.6% from 2012 to 2022. Nigeria (-29.1%) illustrated a downward trend over the same period. Gambia (+81 p.p.) and Nigeria (+11 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, Gambia ($X) constitutes the largest market for imported ethanal (acetaldehyde) in Western Africa, comprising 86% of total imports. The second position in the ranking was held by Nigeria ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Gambia totaled +12.2%.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, leveling off at the previous year. Overall, the import price continues to indicate significant growth. The growth pace was the most rapid in 2014 when the import price increased by 436% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+9.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ethanal (acetaldehyde) in Western Africa?

The countries with the highest volumes of in 2021 were Ghana, Mali and Senegal, with a combined 52% share of total consumption. These countries were followed by Burkina Faso, Guinea, Benin and Togo, which together accounted for a further 48%.

What are the largest producers of ethanal (acetaldehyde) in Western Africa?

The countries with the highest volumes of in 2021 were Ghana, Mali and Senegal, with a combined 52% share of total production. Burkina Faso, Guinea, Benin and Togo lagged somewhat behind, together comprising a further 48%.

What are the leading exporters of ethanal (acetaldehyde) in Western Africa?

In value terms, Senegal remains the largest ethanal supplier in Western Africa.

What are the leading importers of ethanal (acetaldehyde) in Western Africa?

In value terms, Gambia constitutes the largest market for imported ethanal acetaldehyde) in Western Africa, comprising 75% of total imports. The second position in the ranking was occupied by Cabo Verde, with a 12% share of total imports. It was followed by Nigeria, with an 11% share.

What is the average export price for ethanal (acetaldehyde) in Western Africa?

In 2021, the export price in Western Africa amounted to $212 per ton, with an increase of 6.5% against the previous year.

What is the average import price for ethanal (acetaldehyde) in Western Africa?

The import price in Western Africa stood at $9,167 per ton in 2021, which is down by -19.5% against the previous year.

This report provides an in-depth analysis of the ethanal 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 20146113 - Ethanal (acetaldehyde)

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