Report Update Nov 1, 2024

Ghana - Refined or Synthetic Glycerol - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Market for Refined or Synthetic Glycerol 2024

Market Size for Refined or Synthetic Glycerol in Ghana

After two years of growth, the Ghanian refined or synthetic glycerol market decreased by -12.8% to $X in 2022. Over the period under review, consumption continues to indicate a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2021, and then fell in the following year.

Exports of Refined or Synthetic Glycerol

Exports from Ghana

In 2022, overseas shipments of refined or synthetic glycerol decreased by -11.7% to X kg, falling for the second consecutive year after two years of growth. In general, exports showed a precipitous contraction. The pace of growth was the most pronounced in 2017 when exports increased by 40% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, refined or synthetic glycerol exports surged to $X in 2022. Overall, exports recorded a sharp shrinkage. The growth pace was the most rapid in 2019 with an increase of 72%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X kg) was the main destination for refined or synthetic glycerol exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled +32.0%.

In value terms, Canada ($X) also remains the key foreign market for refined or synthetic glycerol exports from Ghana.

From 2012 to 2022, the average annual growth rate of value to Canada totaled +39.2%.

Export Prices by Country

In 2022, the average refined or synthetic glycerol export price amounted to $X per ton, increasing by 37% against the previous year. Over the period under review, the export price saw resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 126%. The export price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +5.5% per year.

Imports of Refined or Synthetic Glycerol

Imports into Ghana

Refined or synthetic glycerol imports into Ghana expanded to X tons in 2022, increasing by 1.8% on 2021 figures. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 142%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, refined or synthetic glycerol imports fell rapidly to $X in 2022. Over the period under review, imports recorded strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 115% against the previous year. Imports peaked at $X in 2021, and then declined rapidly in the following year.

Imports by Country

Sweden (X tons), Indonesia (X tons) and Malaysia (X tons) were the main suppliers of refined or synthetic glycerol imports to Ghana, with a combined 41% share of total imports. The Netherlands, China, Germany, India and the UK lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +25.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest refined or synthetic glycerol suppliers to Ghana were Indonesia ($X), Malaysia ($X) and Germany ($X), with a combined 18% share of total imports. China, India, the Netherlands, Sweden and the UK lagged somewhat behind, together comprising a further 24%.

Among the main suppliers, India, with a CAGR of +22.8%, saw the highest rates of growth with regard to 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

In 2022, the average refined or synthetic glycerol import price amounted to $X per ton, shrinking by -22% against the previous year. Over the period under review, the import price showed a mild descent. The growth pace was the most rapid in 2021 an increase of 73%. As a result, import price attained the peak level of $X per ton, and then fell significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.6%), 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 refined or synthetic glycerol in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 42% share of global consumption. Pakistan, Germany, Indonesia, Brazil, France, South Korea, Canada, Japan, Thailand and Australia lagged somewhat behind, together accounting for a further 27%.

What are the largest producers of refined or synthetic glycerol in the world?

The country with the largest volume of refined or synthetic glycerol production was Indonesia, comprising approx. 19% of total volume. Moreover, refined or synthetic glycerol production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. China ranked third in terms of total production with a 9.6% share.

What are the leading suppliers of refined or synthetic glycerol to Ghana?

In value terms, China constituted the largest supplier of refined or synthetic glycerol to Ghana, comprising 26% of total imports. The second position in the ranking was occupied by Sweden, with a 12% share of total imports. It was followed by Thailand, with a 10% share.

What are the leading importers of refined or synthetic glycerol from Ghana?

In value terms, Canada $396) remains the key foreign market for refined or synthetic glycerol exports from Ghana, comprising 97% of total exports. The second position in the ranking was occupied by Belgium $14), with a 3.4% share of total exports.

What is the average export price for refined or synthetic glycerol in Ghana?

The average refined or synthetic glycerol export price stood at $2,908 per ton in 2021, remaining constant against the previous year.

What is the average import price for refined or synthetic glycerol in Ghana?

In 2021, the average refined or synthetic glycerol import price amounted to $669 per ton, approximately equating the previous year.

This report provides an in-depth analysis of the market for refined or synthetic glycerol 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 20142360 - Glycerol (including synthetic, excluding crude, waters and lyes)

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