Ghana: Anti-Oxidising Preparations Market 2024

Anti-Oxidising Preparations Market Size in Ghana

The Ghanian anti-oxidising preparations market reached $X in 2022, standing approx. at the previous year. In general, consumption, however, saw a deep downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Anti-Oxidising Preparations Production in Ghana

In value terms, anti-oxidising preparations production expanded to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Anti-oxidising preparations production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Anti-Oxidising Preparations Exports

Exports from Ghana

In 2022, after four years of growth, there was significant decline in shipments abroad of anti-oxidising preparations and other compounds stabilisers for rubber or plastics, when their volume decreased by X% to X tons. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, anti-oxidising preparations exports contracted to $X in 2022. Over the period under review, exports faced a sharp decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for anti-oxidising preparations exports from Ghana, with a X% share of total exports. It was followed by Burkina Faso (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cote d'Ivoire amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (X% per year) and the UK (X% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for anti-oxidising preparations and other compounds stabilisers for rubber or plastics exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Cote d'Ivoire stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (X% per year) and the UK (X% per year).

Export Prices by Country

The average anti-oxidising preparations export price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the export price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Burkina Faso (X%), while the prices for the other major destinations experienced mixed trend patterns.

Anti-Oxidising Preparations Imports

Imports into Ghana

In 2022, overseas purchases of anti-oxidising preparations and other compounds stabilisers for rubber or plastics decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021, and then fell in the following year.

In value terms, anti-oxidising preparations imports fell slightly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2021, and then declined slightly in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest anti-oxidising preparations supplier to Ghana, with a X% share of total imports. Moreover, anti-oxidising preparations imports from Turkey exceeded the figures recorded by the second-largest supplier, Austria (X tons), sixfold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and India (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of anti-oxidising preparations and other compounds stabilisers for rubber or plastics to Ghana, comprising X% of total imports. The second position in the ranking was taken by Austria ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Italy (X% per year).

Import Prices by Country

The average anti-oxidising preparations import price stood at $X per ton in 2022, remaining stable against the previous year. Overall, the import price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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