Africa: Market for Nitric Acid And Sulphonitric Acids 2024

Market Size for Nitric Acid And Sulphonitric Acids in Africa

In 2022, the African nitric and sulphonitric acids market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, showed a perceptible decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Nitric Acid And Sulphonitric Acids in Africa

In value terms, nitric and sulphonitric acids production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt contraction. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Nitric Acid And Sulphonitric Acids

Exports in Africa

In 2022, approx. X tons of nitric acid and sulphonitric acids were exported in Africa; waning by X% on 2021. In general, exports, however, enjoyed a notable increase. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, nitric and sulphonitric acids exports dropped to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Africa represented the key exporter of nitric acid and sulphonitric acids in Africa, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Egypt (X tons), achieving an X% share of total exports. The following exporters - Kenya (X tons) and Morocco (X tons) - each finished at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to nitric and sulphonitric acids exports from South Africa stood at X%. At the same time, Morocco (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) and Kenya (X%) illustrated a downward trend over the same period. South Africa (X p.p.) and Morocco (X p.p.) significantly strengthened its position in terms of the total exports, while Kenya and Egypt saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest nitric and sulphonitric acids supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

In South Africa, nitric and sulphonitric acids exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Morocco (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, showed a pronounced slump. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 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 Morocco ($X per ton), while South Africa ($X per ton) was amongst the lowest.

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

Imports of Nitric Acid And Sulphonitric Acids

Imports in Africa

For the seventh consecutive year, Africa recorded growth in supplies from abroad of nitric acid and sulphonitric acids, which increased by X% to X tons in 2022. Overall, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, nitric and sulphonitric acids imports skyrocketed to $X in 2022. Over the period under review, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Morocco was the key importer of nitric acid and sulphonitric acids in Africa, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Kenya (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (X%), Burkina Faso (X%) and Algeria (X%). Zambia (X tons), Ethiopia (X tons), Tanzania (X tons), Sudan (X tons), Niger (X tons), Madagascar (X tons), Zimbabwe (X tons) and Nigeria (X tons) followed a long way behind the leaders.

Imports into Morocco increased at an average annual rate of X% from 2012 to 2022. At the same time, Niger (X%), Madagascar (X%), Senegal (X%), Sudan (X%), Burkina Faso (X%), Tanzania (X%), Nigeria (X%), Kenya (X%), Ethiopia (X%), Algeria (X%), Zambia (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. While the share of Morocco (X p.p.), Senegal (X p.p.), Burkina Faso (X p.p.), Sudan (X p.p.), Niger (X p.p.), Madagascar (X p.p.) and Tanzania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Zimbabwe (X p.p.), Algeria (X p.p.) and Zambia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) constitutes the largest market for imported nitric acid and sulphonitric acids in Africa, comprising X% of total imports. The second position in the ranking was held by Kenya ($X), with an X% share of total imports. It was followed by Burkina Faso, with a X% share.

In Morocco, nitric and sulphonitric acids imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kenya (X% per year) and Burkina Faso (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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