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

Western Africa - Ethylene - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Ethylene Market 2024

Ethylene Market Size in Western Africa

In 2021, after five years of growth, there was decline in the West African ethylene market, when its value decreased by -0.7% to $X. Over the period under review, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 6.7%. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Ethylene Production in Western Africa

In value terms, ethylene production reduced slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 8.2%. The level of production peaked at $X in 2020, and then contracted modestly in the following year.

Ethylene Exports

Exports in Western Africa

In 2021, overseas shipments of ethylene decreased by -18.6% to X tons, falling for the eighth consecutive year after two years of growth. Overall, exports showed a significant decline. The most prominent rate of growth was recorded in 2013 when exports increased by 2% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, ethylene exports contracted to $X in 2021. In general, exports continue to indicate a abrupt contraction. The smallest decline of -10.3% was in 2015. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Nigeria (X tons) represented the major exporter of ethylene in Western Africa, constituting 100% of total export.

Nigeria was also the fastest-growing in terms of the ethylene exports, with a CAGR of -24.1% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In Nigeria, ethylene exports plunged by an average annual rate of -13.7% over the period from 2012-2021.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, growing by 10% against the previous year. Overall, the export price continues to indicate resilient growth. The pace of growth was the most pronounced in 2014 an increase of 89%. Over the period under review, the export prices attained the peak figure in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the rate of growth in terms of prices for Nigeria amounted to +13.8% per year.

Ethylene Imports

Imports in Western Africa

In 2021, after six years of growth, there was significant decline in supplies from abroad of ethylene, when their volume decreased by -77.5% to X tons. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 201% against the previous year. The volume of import peaked at X tons in 2020, and then shrank significantly in the following year.

In value terms, ethylene imports fell dramatically to $X in 2021. Overall, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 132% against the previous year. As a result, imports reached the peak of $X, and then fell significantly in the following year.

Imports by Country

Nigeria prevails in imports structure, resulting at X tons, which was near 89% of total imports in 2021. It was distantly followed by Burkina Faso (X tons), constituting an 8.6% share of total imports.

Nigeria was also the fastest-growing in terms of the ethylene imports, with a CAGR of +15.9% from 2012 to 2021. Burkina Faso (-2.7%) illustrated a downward trend over the same period. Nigeria (+39 p.p.) significantly strengthened its position in terms of the total imports, while Burkina Faso saw its share reduced by -14.7% from 2012 to 2021, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported ethylene in Western Africa, comprising 91% of total imports. The second position in the ranking was taken by Burkina Faso ($X), with a 0.9% share of total imports.

In Nigeria, ethylene imports increased at an average annual rate of +23.8% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, growing by 60% against the previous year. Overall, the import price, however, showed a mild decline. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+6.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of ethylene consumption was Nigeria, comprising approx. 71% of total volume. Moreover, ethylene consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Cote d'Ivoire, ninefold. The third position in this ranking was occupied by Ghana, with a 7.5% share.
Nigeria remains the largest ethylene producing country in Western Africa, comprising approx. 71% of total volume. Moreover, ethylene production in Nigeria exceeded the figures recorded by the second-largest producer, Cote d'Ivoire, ninefold. The third position in this ranking was occupied by Ghana, with a 7.4% share.
In value terms, Nigeria remains the largest ethylene supplier in Western Africa.
In value terms, Nigeria constitutes the largest market for imported ethylene in Western Africa, comprising 80% of total imports. The second position in the ranking was occupied by Burkina Faso, with a 3.6% share of total imports.
The ethylene export price in Western Africa stood at $1,713 per ton in 2021, dropping by -1.9% against the previous year.
The ethylene import price in Western Africa stood at $1,189 per ton in 2021, growing by 4.6% against the previous year.

This report provides an in-depth analysis of the ethylene 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 20141130 - Ethylene

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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