Report Update Nov 1, 2024

Ghana - Aromatic Alcohols and Their Derivatives - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Aromatic Alcohols Market 2024

Aromatic Alcohols Market Size in Ghana

The Ghanian aromatic alcohols market fell markedly to $X in 2021, which is down by -22.2% against the previous year. In general, consumption, however, showed a strong expansion. As a result, consumption reached the peak level of $X, and then dropped dramatically in the following year.

Aromatic Alcohols Production in Ghana

In value terms, aromatic alcohols production reduced notably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded resilient growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 78%. As a result, production reached the peak level of $X, and then declined markedly in the following year.

Aromatic Alcohols Exports

Exports from Ghana

In 2021, shipments abroad of aromatic alcohols and their derivatives increased by 12% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 3,884% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, aromatic alcohols exports contracted to $X in 2021. Overall, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 4,616%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for aromatic alcohols exports from Ghana, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at -1.3%.

In value terms, the UK ($X) also remains the key foreign market for aromatic alcohols and their derivatives exports from Ghana.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to -3.0%.

Export Prices by Country

The average aromatic alcohols export price stood at $X per ton in 2021, shrinking by -10.9% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aromatic alcohols export price decreased by -20.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 46%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to -1.7% per year.

Aromatic Alcohols Imports

Imports into Ghana

In 2021, supplies from abroad of aromatic alcohols and their derivatives decreased by -32.8% to X tons, falling for the second consecutive year after three years of growth. In general, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 684% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, aromatic alcohols imports totaled $X in 2021. Overall, imports faced a deep slump. The pace of growth appeared the most rapid in 2019 when imports increased by 501% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest aromatic alcohols supplier to Ghana, accounting for a 39% share of total imports. Moreover, aromatic alcohols imports from Germany exceeded the figures recorded by the second-largest supplier, India (X kg), threefold. The third position in this ranking was held by China (X kg), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +41.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+13.9% per year) and China (-33.3% per year).

In value terms, Germany ($X) constituted the largest supplier of aromatic alcohols and their derivatives to Ghana, comprising 36% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by India, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-24.6% per year) and India (+7.8% per year).

Import Prices by Country

The average aromatic alcohols import price stood at $X per ton in 2021, rising by 51% against the previous year. Over the period under review, the import price, however, saw a perceptible descent. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+14.6%), 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 aromatic alcohols and their derivatives in the world?

The countries with the highest volumes of aromatic alcohols consumption in 2021 were China, the United States and India, together comprising 51% of global consumption. These countries were followed by Russia, Mexico, the UK, Canada, Turkey, Italy, Saudi Arabia, Japan, Brazil and Australia, which together accounted for a further 25%.

What are the largest producers of aromatic alcohols and their derivatives in the world?

The countries with the highest volumes of aromatic alcohols production in 2021 were China, Saudi Arabia and India, with a combined 62% share of global production.

What are the leading suppliers of aromatic alcohols and their derivatives to Ghana?

In value terms, Germany constituted the largest supplier of aromatic alcohols to Ghana, comprising 59% of total imports. The second position in the ranking was occupied by China, with a 19% share of total imports. It was followed by India, with a 12% share.

What are the leading importers of aromatic alcohols and their derivatives from Ghana?

In value terms, the UK remains the key foreign market for aromatic alcohols exports from Ghana.

What is the average export price for aromatic alcohols and their derivatives in Ghana?

The average aromatic alcohols export price stood at $1,410 per ton in 2021, approximately equating the previous year.

What is the average import price for aromatic alcohols and their derivatives in Ghana?

In 2021, the average aromatic alcohols import price amounted to $4,987 per ton, declining by -12.4% against the previous year.

This report provides an in-depth analysis of the aromatic alcohols 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 20142375 - Aromatic alcohols and their halogenated, sulphonated, n itrated or nitrosated derivatives

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
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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
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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