Ghana: Heterocyclic Compound Market 2025

Heterocyclic Compound Market Size in Ghana

The Ghanian heterocyclic compound market expanded notably to $X in 2022, with an increase of X% 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, consumption posted a measured expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Heterocyclic Compound Exports

Exports from Ghana

In 2017, heterocyclic compound exports from Ghana amounted to X tons, almost unchanged from 2016 figures. Overall, exports continue to indicate a significant increase. The smallest decline of X% was in 2014. Over the period under review, the exports attained the maximum in 2017 and are likely to continue growth in the immediate term.

In value terms, heterocyclic compound exports totaled $X in 2017. Over the period under review, exports saw a significant increase. The smallest decline of X% was in 2014. Over the period under review, the exports hit record highs in 2017 and are likely to see steady growth in the immediate term.

Exports by Country

Nigeria (X tons) was the main destination for heterocyclic compound exports from Ghana, accounting for a approx. X% share of total exports.

From 2013 to 2017, the average annual growth rate of volume to Nigeria was relatively modest.

From 2013 to 2017, the average annual growth rate of value to Nigeria was relatively modest.

Export Prices by Country

The average heterocyclic compound export price stood at $X per ton in 2017, remaining relatively unchanged against the previous year. In general, the export price posted a strong increase. The most prominent rate of growth was recorded in 2014 a decrease of X%. Over the period under review, the average export prices reached the peak figure in 2017 and is expected to retain growth in years to come.

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

From 2013 to 2017, the rate of growth in terms of prices for Nigeria amounted to X% per year.

Heterocyclic Compound Imports

Imports into Ghana

In 2022, overseas purchases of heterocyclic compounds increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a deep setback. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, heterocyclic compound imports rose sharply to $X in 2022. Over the period under review, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of heterocyclic compound to Ghana, with a X% share of total imports. Moreover, heterocyclic compound imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Belgium (X% per year).

In value terms, India ($X), China ($X) and Belgium ($X) were the largest heterocyclic compound suppliers to Ghana, with a combined X% share of total imports.

Among the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average heterocyclic compound import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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