Ghana: Market for Acid And Mordant Dyes And Preparations Based Thereon 2024

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in Ghana

The Ghanian acid and mordant dye market surged to $X in 2021, increasing by 38% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted a perceptible expansion. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Ghana

In 2015, approx. X kg of acid and mordant dyes and preparations based thereon were exported from Ghana; shrinking by -74.2% on 2014 figures. Overall, exports faced a sharp setback. The pace of growth appeared the most rapid in 2014 when exports increased by 178%. As a result, the exports reached the peak of X kg, and then fell significantly in the following year.

In value terms, acid and mordant dye exports fell significantly to $X in 2015. Over the period under review, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2014 when exports increased by 217% against the previous year. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

Mali (X kg) was the main destination for acid and mordant dye exports from Ghana, with a approx. 100% share of total exports.

From 2012 to 2015, the average annual rate of growth in terms of volume to Mali was relatively modest.

In value terms, Mali ($X) emerged as the key foreign market for acid and mordant dyes and preparations based thereon exports from Ghana.

From 2012 to 2015, the average annual rate of growth in terms of value to Mali was relatively modest.

Export Prices by Country

The average acid and mordant dye export price stood at $X per ton in 2015, with an increase of 14% against the previous year. Overall, export price indicated a significant increase from 2012 to 2015: its price increased at an average annual rate of +21.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2015 figures, acid and mordant dye export price increased by +77.0% against 2012 indices. The growth pace was the most rapid in 2013 when the average export price increased by 36%. The export price peaked in 2015 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Mali.

From 2012 to 2015, the rate of growth in terms of prices for Togo amounted to 0.0% per year.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into Ghana

Acid and mordant dye imports into Ghana was estimated at X tons in 2021, increasing by 9.3% compared with the previous year's figure. Over the period under review, imports enjoyed a mild expansion. The most prominent rate of growth was recorded in 2017 with an increase of 320% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, acid and mordant dye imports skyrocketed to $X in 2021. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 123% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest acid and mordant dye supplier to Ghana, with a 46% share of total imports. Moreover, acid and mordant dye imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by Brazil (X tons), with a 3.5% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +66.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-13.4% per year) and Brazil (+17.8% per year).

In value terms, India ($X) constituted the largest supplier of acid and mordant dyes and preparations based thereon to Ghana, comprising 24% of total imports. The second position in the ranking was held by Brazil ($X), with a 9.3% share of total imports. It was followed by the United Arab Emirates, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+25.1% per year) and the United Arab Emirates (+58.7% per year).

Import Prices by Country

The average acid and mordant dye import price stood at $X per ton in 2021, growing by 65% against the previous year. In general, the import price continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2014 an increase of 69%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: among the top importers, the country with the highest price was the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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