Ghana: Hydraulic Lime Market 2024

Hydraulic Lime Market Size in Ghana

The Ghanian hydraulic lime market was estimated at $X in 2022, remaining constant against the previous year. Over the period under review, consumption continues to indicate a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Hydraulic Lime Production in Ghana

In value terms, hydraulic lime production expanded modestly to $X in 2022 estimated in export price. Overall, production showed a deep slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by 36%. Hydraulic lime production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Hydraulic Lime Exports

Exports from Ghana

After five years of decline, shipments abroad of hydraulic lime increased by 12% to X tons in 2022. Over the period under review, exports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2015 when exports increased by 77% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, hydraulic lime exports soared to $X in 2022. Overall, exports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 63% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Mali (X tons), Niger (X tons) and Cote d'Ivoire (X tons) were the main destinations of hydraulic lime exports from Ghana, together accounting for 98% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of +30.1%), while the other leaders experienced mixed trend patterns.

In value terms, Mali ($X), Niger ($X) and Cote d'Ivoire ($X) were the largest markets for hydraulic lime exported from Ghana worldwide, together comprising 97% of total exports.

Among the main countries of destination, Cote d'Ivoire, with a CAGR of +30.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average hydraulic lime export price amounted to $X per ton, with an increase of 4.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Lime Imports

Imports into Ghana

In 2022, after three years of decline, there was growth in supplies from abroad of hydraulic lime, when their volume increased by 2.6% to X tons. In general, imports, however, showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 3,180% 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, hydraulic lime imports shrank to $X in 2022. Over the period under review, imports, however, showed a dramatic curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 3,038% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons) constituted the largest hydraulic lime supplier to Ghana, with a 70% share of total imports. Moreover, hydraulic lime imports from South Africa exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The UK (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa stood at +48.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-32.7% per year) and the UK (-22.1% per year).

In value terms, South Africa ($X) constituted the largest supplier of hydraulic lime to Ghana, comprising 74% of total imports. The second position in the ranking was held by Spain ($X), with an 18% share of total imports. It was followed by Italy, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value from South Africa amounted to +27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-23.7% per year) and Italy (+21.5% per year).

Import Prices by Country

The average hydraulic lime import price stood at $X per ton in 2022, reducing by -8.2% against the previous year. Overall, the import price, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 187% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+290.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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