Western Africa: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Western Africa

In 2022, the West African market for organo-sulphur compounds and other organo-inorganic compounds decreased by -4.7% to $X, falling for the second consecutive year after two years of growth. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -11.7% against 2020 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Western Africa

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds amounted to $X in 2022 estimated in export price. In general, production recorded a slight expansion. The growth pace was the most rapid in 2014 when the production volume increased by 53%. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth remained at a somewhat lower figure.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports in Western Africa

In 2022, the amount of organo-sulphur compounds and other organo-inorganic compounds exported in Western Africa expanded sharply to X tons, picking up by 5.4% on the year before. Overall, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 203%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds rose notably to $X in 2022. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 301%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Cote d'Ivoire (X tons) was the largest exporter of organo-sulphur compounds and other organo-inorganic compounds, generating 66% of total exports. It was distantly followed by Ghana (X tons), constituting a 31% share of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the organo-sulphur compounds and other organo-inorganic compounds exports, with a CAGR of +41.6% from 2012 to 2022. At the same time, Ghana (+16.5%) displayed positive paces of growth. Cote d'Ivoire (+62 p.p.) and Ghana (+15 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 value terms, Cote d'Ivoire ($X) remains the largest organo-sulphur compounds and other organo-inorganic compounds supplier in Western Africa, comprising 78% of total exports. The second position in the ranking was held by Ghana ($X), with a 20% share of total exports.

In Cote d'Ivoire, exports of organo-sulphur compounds and other organo-inorganic compounds increased at an average annual rate of +48.4% over the period from 2012-2022.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, growing by 3.3% against the previous year. Overall, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the export price increased by 237%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Ghana stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+4.8%).

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports in Western Africa

In 2022, supplies from abroad of organo-sulphur compounds and other organo-inorganic compounds decreased by -17.9% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, posted notable growth. The growth pace was the most rapid in 2014 when imports increased by 76% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds contracted sharply to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 72% against the previous year. Over the period under review, imports of reached the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria was the key importing country with an import of about X tons, which finished at 66% of total imports. Ghana (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (8.2%). Burkina Faso (X tons), Mauritania (X tons) and Senegal (X tons) took a little share of total imports.

Imports into Nigeria increased at an average annual rate of +5.8% from 2012 to 2022. At the same time, Ghana (+8.3%), Mauritania (+3.3%), Cote d'Ivoire (+2.7%) and Burkina Faso (+2.7%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +8.3% from 2012-2022. By contrast, Senegal (-7.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria and Ghana increased by +6.4 and +4.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported organo-sulphur compounds and other organo-inorganic compounds in Western Africa, comprising 67% of total imports. The second position in the ranking was taken by Ghana ($X), with a 14% share of total imports. It was followed by Cote d'Ivoire, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria was relatively modest. In the other countries, the average annual rates were as follows: Ghana (+6.2% per year) and Cote d'Ivoire (-1.1% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, dropping by -2.1% against the previous year. Overall, the import price saw a noticeable downturn. The growth pace was the most rapid in 2018 an increase of 7.4% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Cote d'Ivoire ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (-1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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