Report Update Nov 1, 2024

Western Africa - O-Xylene - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: O-Xylene Market 2024

O-Xylene Market Size in Western Africa

The West African o-xylene market fell to $X in 2022, waning by -14.3% against the previous year. Over the period under review, consumption showed a abrupt contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

O-Xylene Production in Western Africa

In value terms, o-xylene production declined modestly to $X in 2022 estimated in export price. In general, production saw a perceptible increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 47% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

O-Xylene Exports

Exports in Western Africa

In 2021, after two years of decline, there was significant decline in shipments abroad of o-xylene, when their volume decreased by -99.9% to X kg. Overall, exports recorded a dramatic decrease. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, o-xylene exports fell significantly to $X in 2021. In general, exports saw a deep reduction. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Nigeria (X kg) represented roughly 100% of total exports in 2021.

Nigeria experienced a relatively flat trend pattern with regard to volume of exports of o-xylene. From 2014 to 2021, the share of Nigeria increased by +99 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

From 2014 to 2021, the average annual growth rate of value in Nigeria was relatively modest.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, surging by 621% against the previous year. Overall, the export price showed a significant expansion. The most prominent rate of growth was recorded in 2017 when the export price increased by 621% against the previous year. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

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

From 2014 to 2021, the rate of growth in terms of prices for Nigeria amounted to 0.0% per year.

O-Xylene Imports

Imports in Western Africa

In 2022, the amount of o-xylene imported in Western Africa dropped dramatically to X tons, which is down by -20.5% on 2021 figures. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 99.9%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, o-xylene imports fell to $X in 2022. In general, imports saw a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of 117% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X tons) represented the key importer of o-xylene, comprising 78% of total imports. It was distantly followed by Ghana (X tons) and Benin (X tons), together mixing up a 17% share of total imports. Senegal (X tons) followed a long way behind the leaders.

Nigeria experienced a relatively flat trend pattern with regard to volume of imports of o-xylene. At the same time, Ghana (+15.9%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +15.9% from 2012-2022. By contrast, Senegal (-12.8%) and Benin (-25.4%) illustrated a downward trend over the same period. Nigeria (+40 p.p.) and Ghana (+11 p.p.) significantly strengthened its position in terms of the total imports, while Senegal and Benin saw its share reduced by -4.4% and -42.8% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported o-xylene in Western Africa, comprising 72% of total imports. The second position in the ranking was taken by Ghana ($X), with a 12% share of total imports. It was followed by Benin, with a 10% share.

In Nigeria, o-xylene imports contracted by an average annual rate of -4.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (+6.7% per year) and Benin (-18.7% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, growing by 9.4% against the previous year. Over the period under review, the import price, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2019 an increase of 40% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, 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 Benin ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (+9.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for o-xylene in Western Africa?

The country with the largest volume of o-xylene consumption was Nigeria, accounting for 91% of total volume. Moreover, o-xylene consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Ghana, more than tenfold.

What are the leading importers of o-xylene in Western Africa?

In value terms, Nigeria constitutes the largest market for imported o-xylene in Western Africa, comprising 83% of total imports. The second position in the ranking was occupied by Ghana, with a 12% share of total imports.

What is the average import price for o-xylene in Western Africa?

In 2021, the import price in Western Africa amounted to $1,123 per ton, increasing by 2.4% against the previous year.

This report provides an in-depth analysis of the o-xylene 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 20141243 - o-Xylene

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