Ghana: Caustic Soda Market 2025

Caustic Soda Market Size in Ghana

The Ghanian caustic soda market reduced remarkably to $X in 2021, declining by -17.7% 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). In general, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +27.9% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Caustic Soda Exports

Exports from Ghana

In 2021, the amount of caustic soda exported from Ghana dropped remarkably to X tons, waning by -22.8% against the previous year's figure. Overall, exports, however, posted a measured expansion. The growth pace was the most rapid in 2020 with an increase of 106% against the previous year. As a result, the exports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, caustic soda exports dropped to $X in 2021. In general, exports continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2020 with an increase of 30%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Mali (X tons), Togo (X tons) and Niger (X tons) were the main destinations of caustic soda exports from Ghana, together accounting for 85% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mali (with a CAGR of +205.0%), while the other leaders experienced more modest paces of growth.

In value terms, Mali ($X) remains the key foreign market for caustic soda exports from Ghana, comprising 67% of total exports. The second position in the ranking was taken by Togo ($X), with a 12% share of total exports. It was followed by Niger, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to Mali stood at +179.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+2.4% per year) and Niger (+109.1% per year).

Export Prices by Country

In 2021, the average caustic soda export price amounted to $X per ton, growing by 14% against the previous year. In general, the export price, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 40% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+1.0%), while the prices for the other major destinations experienced a decline.

Caustic Soda Imports

Imports into Ghana

In 2021, approx. X tons of caustic soda were imported into Ghana; reducing by -22.2% on 2020 figures. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +43.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 85% against the previous year. As a result, imports attained the peak of X tons, and then declined significantly in the following year.

In value terms, caustic soda imports fell significantly to $X in 2021. Overall, total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +24.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 50% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest caustic soda supplier to Ghana, accounting for a 34% share of total imports. Moreover, caustic soda imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was taken by Saudi Arabia (X tons), with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+16.1% per year) and Saudi Arabia (+12.4% per year).

In value terms, China ($X) constituted the largest supplier of caustic soda to Ghana, comprising 32% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 9.9% share of total imports. It was followed by Kuwait, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+7.1% per year) and Kuwait (+37.0% per year).

Import Prices by Country

In 2021, the average caustic soda import price amounted to $X per ton, surging by 7.2% against the previous year. Over the period under review, the import price, however, saw a noticeable decrease. The growth pace was the most rapid in 2017 when the average import price increased by 22% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+24.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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