Western Africa: Hydrogen Peroxide Market 2024

Hydrogen Peroxide Market Size in Western Africa

The West African hydrogen peroxide market expanded sharply to $X in 2022, picking up by 5.8% against the previous year. Overall, consumption recorded a remarkable increase. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Hydrogen Peroxide Production in Western Africa

In value terms, hydrogen peroxide production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 49%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Hydrogen Peroxide Exports

Exports in Western Africa

In 2022, the amount of hydrogen peroxide exported in Western Africa surged to X tons, increasing by 27% on the previous year. In general, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2015 when exports increased by 66% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hydrogen peroxide exports amounted to $X in 2022. Over the period under review, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 97%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ghana (X tons) and Cote d'Ivoire (X tons) represented roughly 72% of total exports in 2022. Guinea (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Burkina Faso (10%). Mali (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Cote d'Ivoire (with a CAGR of +67.8%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Ghana ($X), Cote d'Ivoire ($X) and Burkina Faso ($X) were the countries with the highest levels of exports in 2022, with a combined 85% share of total exports.

Among the main exporting countries, Cote d'Ivoire, with a CAGR of +64.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, which is down by -11% against the previous year. In general, the export price recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2014 when the export price increased by 35%. As a result, the export price attained the peak level of $X per ton. From 2015 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 Burkina Faso ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (+5.7%), while the other leaders experienced a decline in the export price figures.

Hydrogen Peroxide Imports

Imports in Western Africa

Hydrogen peroxide imports amounted to X tons in 2022, picking up by 5.9% on the previous year's figure. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 67% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, hydrogen peroxide imports skyrocketed to $X in 2022. Overall, imports posted a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 49%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, Ghana (X tons) and Mali (X tons) represented the key importers of hydrogen peroxide in Western Africa, together recording approx. 60% of total imports. Burkina Faso (X tons) took the next position in the ranking, followed by Guinea (X tons) and Nigeria (X tons). All these countries together held near 35% share of total imports. The following importers - Senegal (X tons) and Cote d'Ivoire (X tons) - each accounted for a 4.3% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mali (with a CAGR of +40.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hydrogen peroxide importing markets in Western Africa were Ghana ($X), Burkina Faso ($X) and Mali ($X), together comprising 76% of total imports.

In terms of the main importing countries, Burkina Faso, with a CAGR of +34.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, jumping by 21% against the previous year. Over the period under review, the import price, however, showed a perceptible curtailment. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 Burkina Faso ($X per ton), while Mali ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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