Western Africa: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2025

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Western Africa

In 2021, after seven years of growth, there was significant decline in the West African market for oleic, linoleic or linolenic acids, their salts and esters, when its value decreased by -6.5% to $X. Overall, consumption, however, enjoyed a resilient increase. The level of consumption peaked at $X in 2020, and then fell in the following year.

Production of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Western Africa

In value terms, oleic, linoleic or linolenic acids production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 18% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then fell in the following year.

Exports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Exports in Western Africa

In 2021, the amount of oleic, linoleic or linolenic acids, their salts and esters exported in Western Africa contracted dramatically to X tons, with a decrease of -50% on the year before. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 when exports increased by 425% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, oleic, linoleic or linolenic acids exports contracted markedly to $X in 2021. In general, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 499% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Burkina Faso (X tons) represented roughly 100% of total exports in 2021.

Burkina Faso was also the fastest-growing in terms of the oleic, linoleic or linolenic acids, their salts and esters exports, with a CAGR of -7.8% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Burkina Faso ($X) also remains the largest oleic, linoleic or linolenic acids supplier in Western Africa.

In Burkina Faso, oleic, linoleic or linolenic acids exports plunged by an average annual rate of -5.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, declining by -2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2018 when the export price increased by 14% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, 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 Burkina Faso.

From 2012 to 2021, the rate of growth in terms of prices for Burkina Faso amounted to +2.8% per year.

Imports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Imports in Western Africa

For the fourth year in a row, Western Africa recorded growth in purchases abroad of oleic, linoleic or linolenic acids, their salts and esters, which increased by 1.6% to X tons in 2021. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 90% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, oleic, linoleic or linolenic acids imports expanded slightly to $X in 2021. Over the period under review, imports saw strong growth. The growth pace was the most rapid in 2013 with an increase of 101% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Nigeria (X tons) and Ghana (X tons) dominates imports structure, together creating 92% of total imports. Senegal (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +33.2%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Nigeria ($X), Ghana ($X) and Senegal ($X) constituted the countries with the highest levels of imports in 2021, with a combined 95% share of total imports.

Nigeria, with a CAGR of +39.9%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 2021, growing by 2.4% against the previous year. Over the last nine years, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2013 an increase of 18% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+5.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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