Report Update Nov 1, 2024

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

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Ghana: Ethylene Market 2024

Ethylene Market Size in Ghana

The Ghanian ethylene market expanded sharply to $X in 2021, increasing by 10% against the previous year. Overall, consumption, however, saw a abrupt downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Ethylene Production in Ghana

In value terms, ethylene production expanded sharply to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 18%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Ethylene Exports

Exports from Ghana

In 2018, exports of ethylene from Ghana stood at X tons, stabilizing at 2017. In general, exports continue to indicate strong growth. The smallest decline of -41.1% was in 2013. Over the period under review, the exports attained the maximum in 2018 and are likely to see gradual growth in the immediate term.

In value terms, ethylene exports totaled $X in 2018. Overall, exports showed a noticeable descent. The smallest decline of -46% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2018, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2018, the average annual growth rate of volume to Togo was relatively modest.

From 2012 to 2018, the average annual growth rate of value to Togo was relatively modest.

Export Prices by Country

In 2018, the average ethylene export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price faced a abrupt curtailment. The pace of growth appeared the most rapid in 2013 a decrease of -8.3% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2018, the export prices failed to regain momentum.

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

From 2012 to 2018, the rate of growth in terms of prices for Togo amounted to 0.0% per year.

Ethylene Imports

Imports into Ghana

In 2021, supplies from abroad of ethylene increased by 0.4% to X kg, rising for the third consecutive year after three years of decline. Over the period under review, imports, however, showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 456%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, ethylene imports totaled $X in 2021. Overall, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when imports increased by 363% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Cote d'Ivoire (X kg), Germany (X kg) and Spain (X kg) were the main suppliers of ethylene imports to Ghana, with a combined 68% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +19.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) constituted the largest supplier of ethylene to Ghana, comprising 48% of total imports. The second position in the ranking was taken by Spain ($X), with a 24% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Cote d'Ivoire totaled +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+37.0% per year) and Belgium (-14.3% per year).

Import Prices by Country

The average ethylene import price stood at $X per ton in 2021, approximately reflecting the previous year. In general, the import price showed a strong expansion. The growth pace was the most rapid in 2018 an increase of 137%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 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 ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+16.4%), 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 ethylene in the world?

The country with the largest volume of ethylene consumption was China, accounting for 23% of total volume. Moreover, ethylene consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 9% share.

What are the largest producers of ethylene in the world?

China remains the largest ethylene producing country worldwide, comprising approx. 22% of total volume. Moreover, ethylene production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 9.3% share.

What are the leading suppliers of ethylene to Ghana?

In value terms, Cote d'Ivoire constituted the largest supplier of ethylene to Ghana, comprising 48% of total imports. The second position in the ranking was occupied by Spain, with a 24% share of total imports. It was followed by Belgium, with a 12% share.

What is the average export price for ethylene in Ghana?

In 2018, the average ethylene export price amounted to $274 per ton, reducing by -35.3% against the previous year.

What is the average import price for ethylene in Ghana?

The average ethylene import price stood at $11,225 per ton in 2021, declining by -11.6% against the previous year.

This report provides an in-depth analysis of the ethylene 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 20141130 - Ethylene

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