Report Update Nov 1, 2024

Ghana - Ammonium Sulphate - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Ghana

The Ghanian ammonium sulphate market expanded significantly to $X in 2022, picking up by 9.6% 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). Overall, consumption, however, showed a noticeable descent. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Ammonium Sulphate Exports

Exports from Ghana

In 2022, overseas shipments of ammonium sulphate were finally on the rise to reach X tons after nine years of decline. In general, exports, however, saw a abrupt setback. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, ammonium sulphate exports totaled $X in 2022. Over the period under review, exports, however, saw a perceptible downturn. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Niger (X tons) was the main destination for ammonium sulphate exports from Ghana, accounting for a 86% share of total exports. Moreover, ammonium sulphate exports to Niger exceeded the volume sent to the second major destination, Burkina Faso (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Niger amounted to -2.1%.

In value terms, Niger ($X) remains the key foreign market for ammonium sulphate exports from Ghana, comprising 99% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a 1.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Niger amounted to +7.9%.

Export Prices by Country

The average ammonium sulphate export price stood at $X per ton in 2022, leveling off at the previous year. In general, the export price posted resilient growth. The most prominent rate of growth was recorded in 2017 an increase of 33%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a 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 Niger ($X per ton), while the average price for exports to Burkina Faso amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+10.3%).

Ammonium Sulphate Imports

Imports into Ghana

In 2022, the amount of ammonium sulphate imported into Ghana soared to X tons, jumping by 28% compared with the year before. In general, imports saw a modest increase. The pace of growth was the most pronounced in 2015 when imports increased by 3,329%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, ammonium sulphate imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2015 when imports increased by 1,978%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Ukraine (X tons) and Belgium (X tons) were the main suppliers of ammonium sulphate imports to Ghana, with a combined 73% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +41.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ammonium sulphate suppliers to Ghana were Belgium ($X), China ($X) and Ukraine ($X), together comprising 62% of total imports.

China, with a CAGR of +31.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ammonium sulphate import price stood at $X per ton in 2022, dropping by -24.3% against the previous year. In general, the import price continues to indicate a deep reduction. The growth pace was the most rapid in 2021 when the average import price increased by 28%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 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 ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ammonium sulphate in the world?

The countries with the highest volumes of ammonium sulphate consumption in 2021 were Brazil, the United States and Indonesia, with a combined 32% share of global consumption. These countries were followed by Russia, China, Vietnam, Turkey, India, Mexico, Canada, Belgium, the Philippines and Taiwan Chinese), which together accounted for a further 33%.

What are the largest producers of ammonium sulphate in the world?

China remains the largest ammonium sulphate producing country worldwide, comprising approx. 34% of total volume. Moreover, ammonium sulphate production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by Belgium, with a 7.7% share.

What are the leading suppliers of ammonium sulphate to Ghana?

In value terms, Spain constituted the largest supplier of ammonium sulphate to Ghana, comprising 67% of total imports. The second position in the ranking was occupied by Ukraine, with a 19% share of total imports. It was followed by China, with a 7.8% share.

What are the leading importers of ammonium sulphate from Ghana?

In value terms, Niger remains the key foreign market for ammonium sulphate exports from Ghana.

What is the average export price for ammonium sulphate in Ghana?

The average ammonium sulphate export price stood at $800 per ton in 2021, increasing by 2.9% against the previous year.

What is the average import price for ammonium sulphate in Ghana?

The average ammonium sulphate import price stood at $162 per ton in 2021, with an increase of 3.9% against the previous year.

This report provides an in-depth analysis of the ammonium sulphate 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:

FCL 4002 -

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