Western Africa: Amylaceous Finishing Agents Market 2024

Amylaceous Finishing Agents Market Size in Western Africa

The West African amylaceous finishing agents market was estimated at $X in 2022, approximately equating the previous year. Overall, consumption, however, saw a remarkable increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Amylaceous Finishing Agents Production in Western Africa

In value terms, amylaceous finishing agents production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Amylaceous Finishing Agents Exports

Exports in Western Africa

In 2022, shipments abroad of finishing agents with amylaceous basis decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, amylaceous finishing agents exports reduced to $X in 2022. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2014 when exports increased by X%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Benin (X tons) and Gambia (X tons) represented the main exporters of finishing agents with amylaceous basis in 2022, resulting at near X% and X% of total exports, respectively. It was distantly followed by Togo (X tons), generating a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Gambia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Benin ($X) remains the largest amylaceous finishing agents supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Gambia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Benin totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Gambia (X% per year) and Togo (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, rising by X% against the previous year. In general, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Benin ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (X%), while the other leaders experienced a decline in the export price figures.

Amylaceous Finishing Agents Imports

Imports in Western Africa

In 2022, amylaceous finishing agents imports in Western Africa shrank dramatically to X tons, dropping by X% on the previous year's figure. Overall, imports, however, continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, amylaceous finishing agents imports contracted notably to $X in 2022. In general, imports, however, showed a noticeable increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Ghana represented the major importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by Nigeria (X tons), Cote d'Ivoire (X tons) and Cabo Verde (X tons), together achieving a X% share of total imports. Sierra Leone (X tons), Senegal (X tons) and Niger (X tons) took a minor share of total imports.

Imports into Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Niger (X%), Cabo Verde (X%), Sierra Leone (X%), Cote d'Ivoire (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana, Cabo Verde, Cote d'Ivoire and Niger increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported finishing agents with amylaceous basis in Western Africa, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Ghana amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Cabo Verde ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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