Western Africa: Unsaturated Monohydric Alcohols Market 2024

Unsaturated Monohydric Alcohols Market Size in Western Africa

The West African unsaturated monohydric alcohols market fell to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption continues to indicate a mild decline. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Unsaturated Monohydric Alcohols Production in Western Africa

In value terms, unsaturated monohydric alcohols production fell to $X in 2022 estimated in export price. Overall, production saw a mild slump. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Unsaturated Monohydric Alcohols Exports

Exports in Western Africa

In 2022, shipments abroad of unsaturated monohydric alcohols decreased by X% to X kg, falling for the third consecutive year after three years of growth. Over the period under review, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, unsaturated monohydric alcohols exports contracted markedly to $X in 2022. Overall, exports recorded a dramatic curtailment. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cote d'Ivoire prevails in exports structure, amounting to X kg, which was approx. X% of total exports in 2022. It was distantly followed by Nigeria (X kg), constituting an X% share of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the unsaturated monohydric alcohols exports, with a CAGR of X% from 2012 to 2022. Nigeria (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.) and Nigeria (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest unsaturated monohydric alcohols supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire stood at X%.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price enjoyed significant growth. The pace of growth was the most pronounced in 2016 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Cote d'Ivoire stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Unsaturated Monohydric Alcohols Imports

Imports in Western Africa

In 2022, overseas purchases of unsaturated monohydric alcohols were finally on the rise to reach X tons after three years of decline. Over the period under review, imports recorded a pronounced increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, unsaturated monohydric alcohols imports soared to $X in 2022. Total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Benin represented the key importing country with an import of around X tons, which resulted at X% of total imports. Mauritania (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (X%). The following importers - Ghana (X tons), Mali (X tons) and Senegal (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Benin ($X), Mauritania ($X) and Nigeria ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Mali, Ghana and Senegal lagged somewhat behind, together comprising a further X%.

Ghana, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 2022, surging by X% against the previous year. Over the period under review, the import price, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained 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 Senegal ($X per ton), while Mauritania ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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