Report Update Jan 1, 2025

Ghana - Carboxylic Acid With Alcohol, Phenol, Aldehyde or Ketone Functions - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Carboxylic Acid Market 2025

Carboxylic Acid Market Size in Ghana

The Ghanian carboxylic acid market surged to $X in 2021, with an increase of 49% 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). Over the period under review, consumption showed a perceptible increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Carboxylic Acid Exports

Exports from Ghana

In 2021, overseas shipments of carboxylic acid with alcohol, phenol, aldehyde or ketone functions decreased by 0% to X tons, falling for the second consecutive year after three years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 50%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, carboxylic acid exports amounted to $X in 2021. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 29%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Kenya (X tons) was the main destination for carboxylic acid exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kenya was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Kenya was relatively modest.

Export Prices by Country

In 2021, the average carboxylic acid export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price continues to indicate resilient growth. The growth pace was the most rapid in 2019 an increase of 7.9% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Sierra Leone amounted to +232.5% per year.

Carboxylic Acid Imports

Imports into Ghana

For the third year in a row, Ghana recorded growth in purchases abroad of carboxylic acid with alcohol, phenol, aldehyde or ketone functions, which increased by 52% to X tons in 2021. In general, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, carboxylic acid imports surged to $X in 2021. Overall, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +48.4% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest carboxylic acid supplier to Ghana, accounting for a 49% share of total imports. Moreover, carboxylic acid imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold. The third position in this ranking was taken by Lebanon (X tons), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+16.3% per year) and Lebanon (+30.6% per year).

In value terms, China ($X), India ($X) and Japan ($X) constituted the largest carboxylic acid suppliers to Ghana, together accounting for 59% of total imports. These countries were followed by Germany, Canada, Belgium and Lebanon, which together accounted for a further 21%.

Among the main suppliers, Lebanon, with a CAGR of +21.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average carboxylic acid import price stood at $X per ton in 2021, approximately equating the previous year. In general, the import price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 39%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.0%), 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 carboxylic acid with alcohol, phenol, aldehyde or ketone functions in the world?

China constituted the country with the largest volume of carboxylic acid consumption, comprising approx. 21% of total volume. Moreover, carboxylic acid consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 10% share.

What are the largest producers of carboxylic acid with alcohol, phenol, aldehyde or ketone functions in the world?

China constituted the country with the largest volume of carboxylic acid production, comprising approx. 39% of total volume. Moreover, carboxylic acid production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. France ranked third in terms of total production with a 6.9% share.

What are the leading suppliers of carboxylic acid with alcohol, phenol, aldehyde or ketone functions to Ghana?

In value terms, China constituted the largest supplier of carboxylic acid to Ghana, comprising 33% of total imports. The second position in the ranking was occupied by India, with a 13% share of total imports. It was followed by France, with a 12% share.

What is the average export price for carboxylic acid with alcohol, phenol, aldehyde or ketone functions in Ghana?

The average carboxylic acid export price stood at $10,852 per ton in 2019, falling by -10.2% against the previous year.

What is the average import price for carboxylic acid with alcohol, phenol, aldehyde or ketone functions in Ghana?

In 2020, the average carboxylic acid import price amounted to $2,551 per ton, reducing by -29.8% against the previous year.

This report provides an in-depth analysis of the carboxylic acid 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 20143475 - Carboxylic acid with alcohol, phenol, aldehyde or ketone functions

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024