Ghana: Bentonite Market 2021

Bentonite Market Size in Ghana

In 2019, the Ghanian bentonite market decreased by -X% to $X for the first time since 2015, thus ending a three-year rising trend. Overall, consumption, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.

Bentonite Exports

Exports from Ghana

In 2019, shipments abroad of bentonite increased by X% to X tons, rising for the second consecutive year after eight years of decline. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure in 2019 and are expected to retain growth in years to come.

In value terms, bentonite exports surged to $X in 2019. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2019 and are likely to see gradual growth in years to come.

Exports by Country

In 2019, India (X tons), distantly followed by the U.S. (X tons), Turkey (X tons), Italy (X tons) and China (X tons) were the key exporters of bentonite, together making up X% of total exports. The following exporters - Slovakia (X tons), Azerbaijan (X tons), the Czech Republic (X tons), the Netherlands (X tons), Germany (X tons) and Greece (X tons) - together made up X% of total exports.

From 2007 to 2019, the biggest increases were in Greece, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest bentonite supplying countries from Ghana were the U.S. ($X), Turkey ($X) and India ($X), together comprising X% of total exports.

In terms of the main exporting countries, Turkey recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the bentonite export price in Ghana amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price saw a slight reduction. The growth pace was the most rapid in 2017 an increase of X% year-to-year. As a result, export price attained the peak level of $X per ton. From 2018 to 2019, the growth in terms of the export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Germany ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Turkey, while the other leaders experienced more modest paces of growth.

Bentonite Imports

Imports into Ghana

After three years of growth, purchases abroad of bentonite decreased by -X% to X tons in 2019. Overall, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2009 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

In value terms, bentonite imports dropped rapidly to $X in 2019. In general, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2009 when imports increased by X% against the previous year. Ghana imports peaked at $X in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Germany (X tons), Canada (X tons), Indonesia (X tons), the Netherlands (X tons), Malaysia (X tons), Poland (X tons), Russia (X tons), Saudi Arabia (X tons), Thailand (X tons), the UK (X tons), Japan (X tons) and France (X tons) represented the main importer of bentonite in the world, comprising X% of total import. Italy (X tons) held a relatively small share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bentonite importing markets into Ghana were Germany ($X), Canada ($X) and the Netherlands ($X), with a combined X% share of total imports. Japan, Thailand, France, the UK, Indonesia, Saudi Arabia, Poland, Russia, Malaysia and Italy lagged somewhat behind, together comprising a further X recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the bentonite import price in Ghana amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2010; however, from 2011 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Japan ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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