Western Africa: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in Western Africa

The West African prepared rubber accelerators market fell to $X in 2021, which is down by -4.6% against the previous year. The total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -17.8% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Prepared Rubber Accelerators Production in Western Africa

In value terms, prepared rubber accelerators production amounted to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -15.1% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 26% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Prepared Rubber Accelerators Exports

Exports in Western Africa

For the fifth year in a row, Western Africa recorded growth in shipments abroad of prepared rubber accelerators, which increased by 2,573% to X tons in 2021. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared rubber accelerators exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Cote d'Ivoire (X tons) represented roughly 100% of total exports in 2021.

Cote d'Ivoire was also the fastest-growing in terms of the prepared rubber accelerators exports, with a CAGR of +77.0% from 2012 to 2021. From 2012 to 2021, the share of Cote d'Ivoire increased by +6.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) also remains the largest prepared rubber accelerators supplier in Western Africa.

In Cote d'Ivoire, prepared rubber accelerators exports increased at an average annual rate of +73.4% over the period from 2012-2021.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, shrinking by -26.6% against the previous year. In general, the export price continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2013 when the export price increased by 27% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2021, the rate of growth in terms of prices for Cote d'Ivoire amounted to -2.0% per year.

Prepared Rubber Accelerators Imports

Imports in Western Africa

In 2021, the amount of prepared rubber accelerators imported in Western Africa declined modestly to X tons, with a decrease of -3.5% on 2020. In general, imports, however, posted a moderate expansion. The pace of growth appeared the most rapid in 2016 with an increase of 169%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, prepared rubber accelerators imports soared to $X in 2021. Overall, imports, however, saw a measured increase. The pace of growth was the most pronounced in 2016 with an increase of 158%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Nigeria (X tons) and Mauritania (X tons) dominates imports structure, together generating 86% of total imports. It was distantly followed by Cote d'Ivoire (X tons), constituting a 4.9% share of total imports. The following importers - Ghana (X tons), Sierra Leone (X tons) and Mali (X tons) - each recorded a 5.4% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Mauritania (with a CAGR of +72.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared rubber accelerators importing markets in Western Africa were Nigeria ($X), Mauritania ($X) and Sierra Leone ($X), with a combined 90% share of total imports.

Among the main importing countries, Mauritania, with a CAGR of +74.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, surging by 28% against the previous year. Import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the import price increased by 88%. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sierra Leone ($X per ton), while Mali ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sierra Leone (+15.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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