Report Update Nov 1, 2024

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

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Ghana: Carbides Market 2024

Carbides Market Size in Ghana

The Ghanian carbides market contracted remarkably to $X in 2022, dropping by -37.5% 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, recorded a perceptible expansion. Carbides consumption peaked at $X in 2021, and then contracted dramatically in the following year.

Carbides Exports

Exports from Ghana

Carbides exports from Ghana dropped modestly to X tons in 2022, remaining constant against the previous year's figure. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 52% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, carbides exports stood at $X in 2022. Over the period under review, exports saw a noticeable descent. The pace of growth was the most pronounced in 2013 with an increase of 115%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for carbides exports from Ghana, accounting for a 94% share of total exports. Moreover, carbides exports to Burkina Faso exceeded the volume sent to the second major destination, Togo (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Burkina Faso stood at -14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (-25.0% per year) and Cote d'Ivoire (-32.4% per year).

In value terms, Burkina Faso ($X), Togo ($X) and Cote d'Ivoire ($X) appeared to be the largest markets for carbides exported from Ghana worldwide, together comprising 100% of total exports.

In terms of the main countries of destination, Togo, with a CAGR of +12.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average carbides export price amounted to $X per ton, surging by 5.1% against the previous year. Over the period under review, the export price posted strong growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 86% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Togo ($X per ton), while the average price for exports to Burkina Faso ($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 Togo (+50.3%), while the prices for the other major destinations experienced more modest paces of growth.

Carbides Imports

Imports into Ghana

In 2022, approx. X tons of carbides were imported into Ghana; with a decrease of -45.2% on the previous year's figure. In general, imports, however, posted a measured increase. The most prominent rate of growth was recorded in 2016 with an increase of 165%. Imports peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, carbides imports dropped remarkably to $X in 2022. Overall, imports, however, saw a measured increase. The most prominent rate of growth was recorded in 2016 with an increase of 167%. Imports peaked at $X in 2021, and then fell sharply in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of carbides to Ghana, with a 62% share of total imports. Moreover, carbides imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. Brazil (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.6% per year) and Brazil (+0.9% per year).

In value terms, China ($X) constituted the largest supplier of carbides to Ghana, comprising 56% of total imports. The second position in the ranking was taken by Brazil ($X), with a 7.9% share of total imports. It was followed by Germany, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+3.7% per year) and Germany (+22.7% per year).

Import Prices by Country

In 2022, the average carbides import price amounted to $X per ton, growing by 23% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 34% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 South Africa ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+12.5%), 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 carbides in the world?

China remains the largest carbides consuming country worldwide, comprising approx. 32% of total volume. Moreover, carbides consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 6.1% share.

What are the largest producers of carbides in the world?

China remains the largest carbides producing country worldwide, accounting for 39% of total volume. Moreover, carbides production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Russia, with a 6.2% share.

What are the leading suppliers of carbides to Ghana?

In value terms, China constituted the largest supplier of carbides to Ghana, comprising 43% of total imports. The second position in the ranking was occupied by Germany, with a 12% share of total imports. It was followed by Slovakia, with an 11% share.

What are the leading importers of carbides from Ghana?

In value terms, the largest markets for carbides exported from Ghana were Togo, Burkina Faso and Cote d'Ivoire, together comprising 99% of total exports.

What is the average export price for carbides in Ghana?

In 2021, the average carbides export price amounted to $3,959 per ton, picking up by 8.7% against the previous year.

What is the average import price for carbides in Ghana?

In 2021, the average carbides import price amounted to $667 per ton, growing by 10% against the previous year.

This report provides an in-depth analysis of the carbides 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 20136450 - Carbides whether or not chemically defined

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