Western Africa: Acyclic Hydrocarbons Derivatives Market 2025

Acyclic Hydrocarbons Derivatives Market Size in Western Africa

The West African acyclic hydrocarbons derivatives market rose significantly to $X in 2021, picking up by 8.1% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Acyclic Hydrocarbons Derivatives Production in Western Africa

In value terms, acyclic hydrocarbons derivatives production stood at $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 47% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Acyclic Hydrocarbons Derivatives Exports

Exports in Western Africa

In 2021, shipments abroad of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons increased by 107% to X kg, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2015 when exports increased by 1,908% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, acyclic hydrocarbons derivatives exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2016 with an increase of 3,089%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X kg) and Mali (X kg) represented roughly 83% of total exports in 2021. It was distantly followed by Nigeria (X kg), creating a 17% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of -1.8%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Nigeria ($X), Mali ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of exports in 2021, together comprising 100% of total exports.

Nigeria, with a CAGR of +26.8%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, increasing by 20% against the previous year. In general, the export price recorded a strong expansion. The pace of growth appeared the most rapid in 2018 an increase of 136% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Nigeria ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+29.1%), while the other leaders experienced mixed trends in the export price figures.

Acyclic Hydrocarbons Derivatives Imports

Imports in Western Africa

In 2021, approx. X tons of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons were imported in Western Africa; with an increase of 8.7% compared with 2020 figures. Total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +73.3% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 31%. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, acyclic hydrocarbons derivatives imports soared to $X in 2021. Total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.1% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria represented the largest importing country with an import of about X tons, which amounted to 65% of total imports. It was distantly followed by Ghana (X tons) and Cote d'Ivoire (X tons), together achieving a 19% share of total imports. Benin (X tons), Senegal (X tons), Guinea (X tons) and Burkina Faso (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to acyclic hydrocarbons derivatives imports into Nigeria stood at +2.4%. At the same time, Senegal (+44.5%), Burkina Faso (+28.3%), Ghana (+14.7%), Cote d'Ivoire (+5.1%) and Guinea (+4.4%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +44.5% from 2012-2021. By contrast, Benin (-3.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Ghana, Senegal and Burkina Faso increased by +6.8, +2.4 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons in Western Africa, comprising 59% of total imports. The second position in the ranking was taken by Ghana ($X), with an 18% share of total imports. It was followed by Cote d'Ivoire, with a 7.5% share.

In Nigeria, acyclic hydrocarbons derivatives imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Ghana (+17.1% per year) and Cote d'Ivoire (+3.5% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, surging by 34% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Ghana ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guinea (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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