ECOWAS: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in ECOWAS

The ECOWAS amine-function compounds market shrank slightly to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Amine-Function Compounds Production in ECOWAS

In value terms, amine-function compounds production declined modestly to $X in 2022 estimated in export price. The total production indicated a pronounced expansion 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Amine-Function Compounds Exports

Exports in ECOWAS

In 2022, approx. X tons of amine-function compounds were exported in ECOWAS; with a decrease of X% against 2021 figures. Overall, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, amine-function compounds exports contracted rapidly to $X in 2022. Over the period under review, exports faced a sharp decline. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Senegal (X tons) was the key exporter of amine-function compounds in ECOWAS, comprising X% of total export.

Senegal was also the fastest-growing in terms of the amine-function compounds exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Senegal increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) also remains the largest amine-function compounds supplier in ECOWAS.

In Senegal, amine-function compounds exports shrank by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, 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 Senegal.

From 2012 to 2022, the rate of growth in terms of prices for Senegal amounted to X% per year.

Amine-Function Compounds Imports

Imports in ECOWAS

After five years of growth, supplies from abroad of amine-function compounds decreased by X% to X tons in 2022. In general, imports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, amine-function compounds imports expanded to $X in 2022. Overall, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Senegal (X tons) and Nigeria (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Burkina Faso (X tons), mixing up a X% share of total imports. The following importers - Ghana (X tons), Niger (X tons), Cote d'Ivoire (X tons) and Mali (X tons) - each recorded a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Burkina Faso (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Senegal ($X) and Niger ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Burkina Faso, Ghana, Cote d'Ivoire and Mali lagged somewhat behind, together accounting for a further X%.

Burkina Faso, with a CAGR of X%, recorded the highest rates of growth with regard to 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 ECOWAS stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. 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.

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

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

Source: IndexBox Platform

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