Western Africa: Market for Organic Derivatives Of Hydrazine Or Of Hydroxylamine 2024

Market Size for Organic Derivatives Of Hydrazine Or Of Hydroxylamine in Western Africa

The West African hydrazine and hydroxylamine derivatives market reduced to $X in 2022, falling by -9.1% against the previous year. The total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.9% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Organic Derivatives Of Hydrazine Or Of Hydroxylamine in Western Africa

In value terms, hydrazine and hydroxylamine derivatives production declined to $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +11.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 40%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Organic Derivatives Of Hydrazine Or Of Hydroxylamine

Exports in Western Africa

In 2019, approx. X tons of organic derivatives of hydrazine or of hydroxylamine were exported in Western Africa; increasing by 22,344% against the previous year's figure. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydrazine and hydroxylamine derivatives exports soared to $X in 2019. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Togo dominates exports structure, reaching X tons, which was near 98% of total exports in 2019. Senegal (X kg) held a minor share of total exports.

Togo experienced a relatively flat trend pattern with regard to volume of exports of organic derivatives of hydrazine or of hydroxylamine. Senegal experienced a relatively flat trend pattern. Togo (+97 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In Togo, hydrazine and hydroxylamine derivatives exports remained relatively stable over the period from 2012-2019.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2019, growing by 142% against the previous year. Overall, the export price enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 when the export price increased by 283%. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; afterwards, it flattened through to 2019.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Togo ($X per ton), while Senegal amounted to $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Togo (0.0%).

Imports of Organic Derivatives Of Hydrazine Or Of Hydroxylamine

Imports in Western Africa

After two years of growth, purchases abroad of organic derivatives of hydrazine or of hydroxylamine decreased by -5.3% to X tons in 2022. In general, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 49%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, hydrazine and hydroxylamine derivatives imports contracted modestly to $X in 2022. Overall, imports, however, continue to indicate notable growth. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Nigeria (X tons) was the main importer of organic derivatives of hydrazine or of hydroxylamine, mixing up 57% of total imports. Cote d'Ivoire (X tons) ranks second in terms of the total imports with an 18% share, followed by Ghana (9.8%) and Senegal (5.7%). Liberia (X tons) and Sierra Leone (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to hydrazine and hydroxylamine derivatives imports into Nigeria stood at +4.7%. At the same time, Senegal (+40.9%), Sierra Leone (+12.3%), Cote d'Ivoire (+12.0%), Liberia (+9.2%) and Ghana (+4.5%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +40.9% from 2012-2022. While the share of Cote d'Ivoire (+7 p.p.) and Senegal (+5.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (-2.3 p.p.) and Nigeria (-11.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported organic derivatives of hydrazine or of hydroxylamine in Western Africa, comprising 46% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 20% share of total imports. It was followed by Senegal, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria amounted to +1.7%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (+7.9% per year) and Senegal (+44.5% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price, however, showed a pronounced slump. The growth pace was the most rapid in 2021 when the import price increased by 9.1%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Senegal ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+2.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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