ECOWAS: Market for Organo-Sulphur Compounds other than Thiocarbamates, Dithiocarbamates, Thiuram Sulphides and Methionine 2024

Market Size for Organo-Sulphur Compounds other than Thiocarbamates, Dithiocarbamates, Thiuram Sulphides and Methionine in ECOWAS

In 2022, the ECOWAS market for organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine decreased by X% to $X, falling for the third year in a row after three years of growth. The total consumption indicated a strong 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, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Organo-Sulphur Compounds other than Thiocarbamates, Dithiocarbamates, Thiuram Sulphides and Methionine in ECOWAS

In value terms, production of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine dropped to $X in 2022 estimated in export price. The total production indicated a strong 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Organo-Sulphur Compounds other than Thiocarbamates, Dithiocarbamates, Thiuram Sulphides and Methionine

Exports in ECOWAS

In 2022, shipments abroad of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, exports saw a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, exports of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine expanded markedly to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

Cote d'Ivoire was the main exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by Ghana (X tons), achieving a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Cote d'Ivoire (with a CAGR of X%).

In value terms, Cote d'Ivoire ($X) remains the largest organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

In Cote d'Ivoire, exports of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine increased at 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, approximately equating the previous year. In general, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. 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 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 Ghana (X%).

Imports of Organo-Sulphur Compounds other than Thiocarbamates, Dithiocarbamates, Thiuram Sulphides and Methionine

Imports in ECOWAS

In 2022, supplies from abroad of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine decreased by X% to X tons, falling for the second year in a row after four years of growth. Overall, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine declined sharply to $X in 2022. Total imports indicated a noticeable 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 2020 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria (X tons) and Ghana (X tons) represented the largest importers of organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine in 2022, accounting for approx. X% and X% of total imports, respectively. Cote d'Ivoire (X tons) held the next position in the ranking, distantly followed by Burkina Faso (X tons). All these countries together took approx. X% share of total imports. Togo (X tons) followed a long way behind the leaders.

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

In value terms, Nigeria ($X) constitutes the largest market for imported organo-sulphur compounds other than thiocarbamates, dithiocarbamates, thiuram sulphides and methionine in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Nigeria ($X per ton), while Togo ($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 (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :