Report Update Nov 1, 2024

Western Africa - Maleic Anhydride - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Maleic Anhydride Market 2024

Maleic Anhydride Market Size in Western Africa

The West African maleic anhydride market skyrocketed to $X in 2021, growing by 26% against the previous year. Over the period under review, consumption posted prominent growth. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Maleic Anhydride Production in Western Africa

In value terms, maleic anhydride production declined modestly to $X in 2021 estimated in export price. In general, production recorded a pronounced downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Maleic Anhydride Exports

Exports in Western Africa

In 2016, approx. X kg of maleic anhydride were exported in Western Africa; remaining relatively unchanged against the year before. Overall, exports showed a sharp slump. The smallest decline of 99.9% was in 2013. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2016, the exports failed to regain momentum.

In value terms, maleic anhydride exports amounted to $X in 2016. Over the period under review, exports saw a dramatic decline. The smallest decline of 99.9% was in 2013. The level of export peaked at $X in 2012; however, from 2013 to 2016, the exports failed to regain momentum.

Export Prices by Country

In 2016, the export price in Western Africa amounted to $X per ton, dropping by -93.7% against the previous year. Over the period under review, the export price faced a sharp setback. The most prominent rate of growth was recorded in 2013 a decrease of -93.7% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2016, the export prices remained at a lower figure.

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

From 2012 to 2016, the rate of growth in terms of prices for Sierra Leone amounted to 0.0% per year.

Maleic Anhydride Imports

Imports in Western Africa

In 2021, maleic anhydride imports in Western Africa surged to X tons, with an increase of 16% compared with 2020 figures. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2019 when imports increased by 148% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, maleic anhydride imports soared to $X in 2021. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 131% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Nigeria was the key importing country with an import of around X tons, which recorded 86% of total imports. It was distantly followed by Ghana (X tons), making up a 12% share of total imports.

Imports into Nigeria increased at an average annual rate of +27.2% from 2012 to 2021. At the same time, Ghana (+30.5%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +30.5% from 2012-2021. From 2012 to 2021, the share of Nigeria and Ghana increased by +26 and +5.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported maleic anhydride in Western Africa, comprising 84% of total imports. The second position in the ranking was held by Ghana ($X), with a 9.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Nigeria totaled +30.4%.

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, surging by 20% against the previous year. Overall, the import price, however, showed a slight reduction. The pace of growth appeared the most rapid in 2018 when the import price increased by 22%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Ghana totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+2.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for maleic anhydride in Western Africa?

The countries with the highest volumes of maleic anhydride consumption in 2020 were Senegal, Nigeria and Ghana, together accounting for 85% of total consumption.

What are the largest producers of maleic anhydride in Western Africa?

Senegal remains the largest maleic anhydride producing country in Western Africa, comprising approx. 100% of total volume.

What are the leading importers of maleic anhydride in Western Africa?

In value terms, Nigeria constitutes the largest market for imported maleic anhydride in Western Africa, comprising 46% of total imports. The second position in the ranking was occupied by Ghana, with a 21% share of total imports. It was followed by Mali, with a 15% share.

What is the average export price for maleic anhydride in Western Africa?

In 2016, the maleic anhydride export price in Western Africa amounted to $1,083 per ton, with a decrease of -93.7% against the previous year.

What is the average import price for maleic anhydride in Western Africa?

In 2020, the maleic anhydride import price in Western Africa amounted to $1,369 per ton, growing by 5.7% against the previous year.

This report provides an in-depth analysis of the maleic anhydride 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 20143387 - Maleic anhydride

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
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. 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. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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
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