Western Africa: Hydantoin Market 2025

Hydantoin Market Size in Western Africa

The West African hydantoin market totaled $X in 2022, with an increase of 5.6% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.8% against 2020 indices. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Hydantoin Production in Western Africa

In value terms, hydantoin production rose significantly to $X in 2022 estimated in export price. The total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 35% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Hydantoin Exports

Exports in Western Africa

In 2022, exports of hydantoin and its derivatives in Western Africa reduced markedly to X kg, which is down by -19.6% against the previous year. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 169%. As a result, the exports attained the peak of X kg. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, hydantoin exports reduced to $X in 2022. Over the period under review, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 183%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Cote d'Ivoire (X kg), distantly followed by Senegal (X kg) represented the key exporters of hydantoin and its derivatives, together committing 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of -1.4%).

In value terms, Senegal ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of exports in 2022.

Senegal, with a CAGR of -0.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, picking up by 10% against the previous year. In general, the export price, however, recorded a slight curtailment. The pace of growth was the most pronounced in 2018 when the export price increased by 15% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Cote d'Ivoire totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+1.2%).

Hydantoin Imports

Imports in Western Africa

Hydantoin imports declined to X tons in 2022, falling by -10.9% against 2021. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by 229% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, hydantoin imports expanded markedly to $X in 2022. In general, imports saw a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of 218% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Cote d'Ivoire was the largest importer of hydantoin and its derivatives in Western Africa, with the volume of imports resulting at X tons, which was approx. 45% of total imports in 2022. Nigeria (X tons) ranks second in terms of the total imports with a 28% share, followed by Togo (14%) and Ghana (11%).

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of +283.2%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Togo ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 88% of total imports.

Among the main importing countries, Togo, with a CAGR of +260.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, rising by 18% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2013 when the import price increased by 48%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Nigeria ($X per ton) and Cote d'Ivoire ($X per ton), while Togo ($X per ton) and Ghana ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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