Ghana: Amino-Resin Market 2025

Amino-Resin Market Size in Ghana

In 2022, the Ghanian amino-resin market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a prominent increase. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

Amino-Resin Exports

Exports from Ghana

Amino-resin exports from Ghana dropped to X tons in 2022, which is down by X% on 2021. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, amino-resin exports shrank modestly to $X in 2022. Over the period under review, exports saw a noticeable shrinkage. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Benin (X tons) was the main destination for amino-resin exports from Ghana, accounting for a X% share of total exports. Moreover, amino-resin exports to Benin exceeded the volume sent to the second major destination, Senegal (X tons), threefold. Burkina Faso (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Benin totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (X% per year) and Burkina Faso (X% per year).

In value terms, Benin ($X) remains the key foreign market for amino-resins, phenolic resins and polyurethanes (in primary forms) exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Benin amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2022, the average amino-resin export price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (X%), while the prices for the other major destinations experienced a decline.

Amino-Resin Imports

Imports into Ghana

In 2022, imports of amino-resins, phenolic resins and polyurethanes (in primary forms) into Ghana declined markedly to X tons, with a decrease of X% against the previous year's figure. In general, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, amino-resin imports declined remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then fell markedly in the following year.

Imports by Country

Egypt (X tons), China (X tons) and Indonesia (X tons) were the main suppliers of amino-resin imports to Ghana, with a combined X% share of total imports.

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

In value terms, Egypt ($X), China ($X) and South Korea ($X) appeared to be the largest amino-resin suppliers to Ghana, with a combined X% share of total imports. Germany, Indonesia, Belgium, India, Saudi Arabia and Malaysia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average amino-resin import price amounted to $X per ton, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X%. The import price peaked at $X per ton in 2021, and then fell modestly in the following year.

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

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

Source: IndexBox Platform

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