Report Update Nov 1, 2024

Western Africa - Methyloxirane (Propylene Oxide) - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Propylene Oxide Market 2024

Propylene Oxide Market Size in Western Africa

The West African propylene oxide market dropped to $X in 2021, with a decrease of -8.9% against the previous year. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +60.4% against 2012 indices. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Propylene Oxide Production in Western Africa

In value terms, propylene oxide production declined to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +64.8% against 2012 indices. The pace of growth was the most pronounced in 2020 with an increase of 31% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Propylene Oxide Exports

Exports in Western Africa

In 2019, approx. X kg of methyloxirane (propylene oxide) were exported in Western Africa; increasing by 400% against the previous year. In general, exports, however, faced a precipitous decline. Over the period under review, the exports reached the peak figure at X kg in 2015; however, from 2016 to 2019, the exports failed to regain momentum.

In value terms, propylene oxide exports contracted notably to $X in 2019. Over the period under review, exports, however, showed a dramatic shrinkage. The level of export peaked at $X in 2015; however, from 2016 to 2019, the exports failed to regain momentum.

Exports by Country

In 2019, Mali (X kg) was the major exporter of methyloxirane (propylene oxide) in Western Africa, generating 100% of total export.

Mali experienced a relatively flat trend pattern with regard to volume of exports of methyloxirane (propylene oxide). From 2015 to 2019, the share of Mali increased by +99 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

From 2015 to 2019, the average annual growth rate of value in Mali was relatively modest.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2019, which is down by -90.2% against the previous year. Overall, the export price continues to indicate a dramatic decline. The most prominent rate of growth was recorded in 2016 when the export price increased by 85%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2019, the export prices remained at a somewhat lower figure.

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

From 2015 to 2019, the rate of growth in terms of prices for Mali amounted to 0.0% per year.

Propylene Oxide Imports

Imports in Western Africa

For the fourth consecutive year, Western Africa recorded growth in overseas purchases of methyloxirane (propylene oxide), which increased by 15% to X tons in 2021. In general, imports saw a strong increase. The growth pace was the most rapid in 2018 with an increase of 105% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, propylene oxide imports surged to $X in 2021. Over the period under review, imports enjoyed a pronounced expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria prevails in imports structure, recording X tons, which was approx. 98% of total imports in 2021. Ghana (X tons) took a minor share of total imports.

Imports into Nigeria increased at an average annual rate of +13.7% from 2012 to 2021. At the same time, Ghana (+24.0%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +24.0% from 2012-2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the largest propylene oxide importing markets in Western Africa were Ghana ($X) and Nigeria ($X).

Ghana, with a CAGR of +40.4%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, jumping by 87% against the previous year. Over the period under review, the import price, however, saw a drastic downturn. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+13.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for methyloxirane (propylene oxide) in Western Africa?

Niger remains the largest propylene oxide consuming country in Western Africa, comprising approx. 93% of total volume. Moreover, propylene oxide consumption in Niger exceeded the figures recorded by the second-largest consumer, Nigeria, more than tenfold.

What are the largest producers of methyloxirane (propylene oxide) in Western Africa?

Niger remains the largest propylene oxide producing country in Western Africa, accounting for 100% of total volume.

What is the average export price for methyloxirane (propylene oxide) in Western Africa?

The propylene oxide export price in Western Africa stood at $500 per ton in 2019, with a decrease of -90.2% against the previous year.

What is the average import price for methyloxirane (propylene oxide) in Western Africa?

The propylene oxide import price in Western Africa stood at $1,246 per ton in 2021, growing by 3% against the previous year.

This report provides an in-depth analysis of the propylene oxide 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 20146375 - Methyloxirane (propylene oxide)

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