Report Update Nov 1, 2024

Ghana - Argon - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Argon Market 2024

Argon Exports

Exports from Ghana

In 2022, overseas shipments of argon increased by 54% to X cubic meters for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 421% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, argon exports skyrocketed to $X in 2022. In general, exports showed a modest increase. The most prominent rate of growth was recorded in 2013 with an increase of 237%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Togo (X cubic meters), Cote d'Ivoire (X cubic meters) and Mali (X cubic meters) were the main destinations of argon exports from Ghana, with a combined 96% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of +54.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) remains the key foreign market for argon exports from Ghana, comprising 58% of total exports. The second position in the ranking was taken by Togo ($X), with a 27% share of total exports. It was followed by Mali, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to Cote d'Ivoire amounted to +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+34.1% per year) and Mali (-8.4% per year).

Export Prices by Country

The average argon export price stood at $X per cubic meter in 2022, dropping by -3.6% against the previous year. In general, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 88%. As a result, the export price attained the peak level of $X per cubic meter. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($X per cubic meter), while the average price for exports to Mali ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+109.3%), while the prices for the other major destinations experienced mixed trend patterns.

Argon Imports

Imports into Ghana

In 2022, after two years of growth, there was significant decline in overseas purchases of argon, when their volume decreased by -41.5% to X cubic meters. Over the period under review, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 416%. As a result, imports attained the peak of X cubic meters, and then fell dramatically in the following year.

In value terms, argon imports dropped dramatically to $X in 2022. Overall, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 313% against the previous year. As a result, imports attained the peak of $X, and then declined dramatically in the following year.

Imports by Country

China (X cubic meters), Singapore (X cubic meters) and Hong Kong SAR (X cubic meters) were the main suppliers of argon imports to Ghana, together comprising 45% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +37.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of argon to Ghana, comprising 29% of total imports. The second position in the ranking was held by Singapore ($X), with a 7.2% share of total imports. It was followed by Hong Kong SAR, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+9.9% per year) and Hong Kong SAR (+37.4% per year).

Import Prices by Country

In 2022, the average argon import price amounted to $X per cubic meter, growing by 6.1% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 39% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 China ($X per cubic meter), while the price for the Netherlands ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+7.5%), 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 argon in the world?

The countries with the highest volumes of argon consumption in 2021 were the United States, China and India, together accounting for 55% of global consumption. Brazil, Poland, Japan, Germany, Iran, the UK and Russia lagged somewhat behind, together comprising a further 16%.

What are the largest producers of argon in the world?

The countries with the highest volumes of argon production in 2021 were the United States, China and India, with a combined 56% share of global production. Brazil, Germany, Poland, Japan, Iran, the Netherlands and the UK lagged somewhat behind, together accounting for a further 17%.

What are the leading suppliers of argon to Ghana?

In value terms, China, Belgium and the Netherlands constituted the largest argon suppliers to Ghana, with a combined 67% share of total imports. Hong Kong SAR, the United States, Cote d'Ivoire and Togo lagged somewhat behind, together comprising a further 13%.

What are the leading importers of argon from Ghana?

In value terms, Cote d'Ivoire remains the key foreign market for argon exports from Ghana, comprising 68% of total exports. The second position in the ranking was occupied by Togo, with a 17% share of total exports. It was followed by Mali, with an 11% share.

What is the average export price for argon in Ghana?

The average argon export price stood at $4.6 per cubic meter in 2021, growing by 3.3% against the previous year.

What is the average import price for argon in Ghana?

The average argon import price stood at $1.3 per cubic meter in 2021, picking up by 6% against the previous year.

This report provides an in-depth analysis of the argon 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 20111120 - Argon

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