ECOWAS: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in ECOWAS

The ECOWAS prepared rubber accelerators market expanded to $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Prepared Rubber Accelerators Production in ECOWAS

In value terms, prepared rubber accelerators production expanded to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Prepared Rubber Accelerators Exports

Exports in ECOWAS

After six years of growth, overseas shipments of prepared rubber accelerators decreased by X% to X tons in 2023. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2022, and then dropped modestly in the following year.

In value terms, prepared rubber accelerators exports contracted slightly to $X in 2023. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then dropped in the following year.

Exports by Country

Cote d'Ivoire was the key exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Ghana (X tons), creating a X% share of total exports. Nigeria (X tons) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to prepared rubber accelerators exports from Cote d'Ivoire stood at X%. At the same time, Ghana (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. Ghana (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Cote d'Ivoire ($X) remains the largest prepared rubber accelerators supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Cote d'Ivoire totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Nigeria (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decline. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2023, the export prices remained at a lower figure.

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

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

Prepared Rubber Accelerators Imports

Imports in ECOWAS

In 2023, overseas purchases of prepared rubber accelerators decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, imports saw a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, prepared rubber accelerators imports fell rapidly to $X in 2023. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Burkina Faso (X tons) was the major importer of prepared rubber accelerators, constituting X% of total imports. It was distantly followed by Cote d'Ivoire (X tons), Senegal (X tons), Ghana (X tons) and Niger (X tons), together making up a X% share of total imports. Nigeria (X tons) and Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to prepared rubber accelerators imports into Burkina Faso stood at X%. At the same time, Guinea (X%) and Niger (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Cote d'Ivoire (X%), Senegal (X%), Ghana (X%) and Nigeria (X%) illustrated a downward trend over the same period. While the share of Burkina Faso (X p.p.), Niger (X p.p.) and Guinea (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Senegal (X p.p.), Ghana (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest prepared rubber accelerators importing markets in ECOWAS were Cote d'Ivoire ($X), Senegal ($X) and Guinea ($X), together accounting for X% of total imports.

Guinea, with a CAGR of X%, recorded 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 a decline in the imports figures.

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price showed a noticeable decrease. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Guinea ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform