Africa: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Africa

The African market for inorganic oxygen compounds of non-metals amounted to $X in 2023, stabilizing at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Inorganic Oxygen Compounds Of Non-Metals in Africa

In value terms, inorganic oxygen compounds of non-metals production reduced to $X in 2023 estimated in export price. The total production indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2023.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports in Africa

For the third consecutive year, Africa recorded decline in overseas shipments of inorganic oxygen compounds of non-metals, which decreased by X% to X tons in 2023. Over the period under review, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, inorganic oxygen compounds of non-metals exports declined dramatically to $X in 2023. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Morocco prevails in exports structure, accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by South Africa (X tons), creating a X% share of total exports. Nigeria (X tons) followed a long way behind the leaders.

Exports from Morocco decreased at an average annual rate of X% from 2012 to 2023. South Africa (X%) and Nigeria (X%) illustrated a downward trend over the same period. Morocco (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) remains the largest inorganic oxygen compounds of non-metals supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by South Africa ($X), with a X% share of total exports.

In Morocco, inorganic oxygen compounds of non-metals exports plunged by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, surging by X% against the previous year. Export price indicated a strong expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports in Africa

In 2023, the amount of inorganic oxygen compounds of non-metals imported in Africa reduced rapidly to X tons, waning by X% against the previous year's figure. In general, imports showed a pronounced slump. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, inorganic oxygen compounds of non-metals imports declined significantly to $X in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

Imports by Country

South Africa (X tons), Kenya (X tons), Nigeria (X tons), Algeria (X tons), Tunisia (X tons), Egypt (X tons), Morocco (X tons), Ghana (X tons), Angola (X tons), Zambia (X tons), Sudan (X tons) and Democratic Republic of the Congo (X tons) represented roughly X% of total imports in 2023.

From 2012 to 2023, the biggest increases were recorded for Zambia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest inorganic oxygen compounds of non-metals importing markets in Africa were South Africa ($X), Kenya ($X) and Morocco ($X), together accounting for X% of total imports. Nigeria, Egypt, Tunisia, Democratic Republic of the Congo, Algeria, Zambia, Ghana, Angola and Sudan lagged somewhat behind, together comprising a further X%.

Zambia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

In 2023, the import price in Africa amounted to $X per ton, with an increase of X% against the previous year. Import price indicated measured growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, inorganic oxygen compounds of non-metals import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform