Report Update Nov 1, 2024

Ghana - Amino Resins - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Ghana: Amino Resin Market 2024

Amino Resin Market Size in Ghana

After two years of growth, the Ghanian amino resin market decreased by -30.3% to $X in 2022. In general, consumption, however, showed buoyant growth. Over the period under review, the market hit record highs at $X in 2021, and then shrank dramatically in the following year.

Amino Resin Exports

Exports from Ghana

In 2022, shipments abroad of amino resins decreased by -3.7% to X tons, falling for the second consecutive year after three years of growth. In general, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2013 when exports increased by 67%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, amino resin exports soared to $X in 2022. Overall, exports faced a dramatic contraction. The pace of growth was the most pronounced in 2013 with an increase of 60%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for amino resin exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Burkina Faso totaled -20.1%.

In value terms, Burkina Faso ($X) also remains the key foreign market for amino resins exports from Ghana.

From 2012 to 2022, the average annual rate of growth in terms of value to Burkina Faso totaled -21.7%.

Export Prices by Country

In 2022, the average amino resin export price amounted to $X per ton, jumping by 38% against the previous year. In general, the export price, however, showed a slight slump. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Burkina Faso amounted to -1.9% per year.

Amino Resin Imports

Imports into Ghana

After two years of growth, supplies from abroad of amino resins decreased by -31.5% to X tons in 2022. Overall, imports, however, showed buoyant growth. The growth pace was the most rapid in 2020 with an increase of 159% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined notably in the following year.

In value terms, amino resin imports dropped significantly to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 129% against the previous year. Imports peaked at $X in 2021, and then declined rapidly in the following year.

Imports by Country

China (X tons), Germany (X tons) and South Korea (X tons) were the main suppliers of amino resin imports to Ghana, with a combined 77% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +22.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest amino resin suppliers to Ghana were Germany ($X), China ($X) and South Korea ($X), with a combined 67% share of total imports. Belgium, Hungary and South Africa lagged somewhat behind, together comprising a further 17%.

Belgium, with a CAGR of +22.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average amino resin import price amounted to $X per ton, growing by 2.5% against the previous year. Overall, the import price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 37%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for amino resins in primary forms (excluding urea and thiourea resins, melamine resins) in the world?

The countries with the highest volumes of in 2021 were China, the United States and Japan, with a combined 38% share of global consumption. These countries were followed by Indonesia, Brazil, Russia, Belgium, Mexico, Turkey, South Korea, Hungary, Portugal and Germany, which together accounted for a further 32%.

What are the largest producers of amino resins in primary forms (excluding urea and thiourea resins, melamine resins) in the world?

China constituted the country with the largest volume of amino resins in primary forms production, comprising approx. 29% of total volume. Moreover, amino resins in primary forms production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Japan, with a 6.1% share.

What are the leading suppliers of amino resins in primary forms (excluding urea and thiourea resins, melamine resins) to Ghana?

In value terms, China, Belgium and Germany were the largest amino resins in primary forms suppliers to Ghana, with a combined 91% share of total imports.

What are the leading importers of amino resins in primary forms (excluding urea and thiourea resins, melamine resins) from Ghana?

In value terms, Burkina Faso remains the key foreign market for amino resins in primary forms exports from Ghana.

What is the average export price for amino resins in primary forms (excluding urea and thiourea resins, melamine resins) in Ghana?

The average export price for amino resins in primary forms excluding urea and thiourea resins, melamine resins) stood at $9,613 per ton in 2021, declining by -4.4% against the previous year.

What is the average import price for amino resins in primary forms (excluding urea and thiourea resins, melamine resins) in Ghana?

In 2021, the average import price for amino resins in primary forms excluding urea and thiourea resins, melamine resins) amounted to $1,582 per ton, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the amino resin market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20165630 - Amino resins, in primary forms (excluding urea and thiourea resins, melamine resins)

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023