Ghana: Alcohols Market 2021

Alcohols Market Size in Ghana

In 2020, the Ghanian alcohols market increased by X% to $X for the first time since 2017, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a prominent increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the market value increased by X% against the previous year. Alcohols consumption peaked in 2020 and is expected to retain growth in years to come.

Alcohols Exports

Exports from Ghana

In 2020, the amount of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exported from Ghana soared to X tons, rising by X% against the year before. Over the period under review, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. As a result, exports attained the peak of X tons. from 2012 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, alcohols exports expanded to $X in 2020. Overall, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Togo (X tons) was the main destination for alcohols exports from Ghana, accounting for a X% share of total exports. Moreover, alcohols exports to Togo exceeded the volume sent to the second major destination, Cote d'Ivoire (X tons), threefold.

From 2007 to 2020, the average annual growth rate of volume to Togo totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-X% per year) and the UK (+X% per year).

In value terms, the largest markets for alcohols exported from Ghana were Togo ($X), Cote d'Ivoire ($X) and the UK ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Togo recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2020, the average alcohols export price amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the export price continues to indicate a slight shrinkage. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, export price reached the peak level of $X per ton. from 2016 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire, while the prices for the other major destinations experienced a decline.

Alcohols Imports

Imports into Ghana

In 2020, overseas purchases of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were finally on the rise to reach X tons for the first time since 2017, thus ending a two-year declining trend. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Imports peaked in 2020 and are likely to see steady growth in the near future.

In value terms, alcohols imports surged to $X in 2020. Overall, total imports indicated a resilient expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. from 2012 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, South Africa (X tons) constituted the largest alcohols supplier to Ghana, with a X% share of total imports. Moreover, alcohols imports from South Africa exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The UK (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from South Africa amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and the UK (+X% per year).

In value terms, South Africa ($X), India ($X) and the UK ($X) appeared to be the largest alcohols suppliers to Ghana, with a combined X% share of total imports.

In terms of the main suppliers, the UK saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average alcohols import price stood at $X per ton in 2020, declining by -X% against the previous year. Overall, the import price recorded a slight descent. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was India ($X per ton), while the price for the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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