Ghana: Market for Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites 2024

Market Size for Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites in Ghana

In 2022, after two years of decline, there was growth in the Ghanian hypochlorites, chlorites and hypobromites market, when its value increased by 1.2% to $X. In general, consumption continues to indicate a relatively flat trend pattern. Hypochlorites, chlorites and hypobromites consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites

Exports from Ghana

For the fifth consecutive year, Ghana recorded decline in shipments abroad of hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites, which decreased by -32.8% to X tons in 2022. Over the period under review, exports faced a sharp decrease. The most prominent rate of growth was recorded in 2017 with an increase of 119%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, hypochlorites, chlorites and hypobromites exports contracted significantly to $X in 2022. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 245%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for hypochlorites, chlorites and hypobromites exports from Ghana, with a 80% share of total exports. Moreover, hypochlorites, chlorites and hypobromites exports to Burkina Faso exceeded the volume sent to the second major destination, Guinea (X kg), fivefold. The third position in this ranking was held by Togo (X kg), with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burkina Faso totaled +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guinea (-23.4% per year) and Togo (-42.4% per year).

In value terms, the largest markets for hypochlorites, chlorites and hypobromites exported from Ghana were Guinea ($X), Burkina Faso ($X) and Cote d'Ivoire ($X), together comprising 97% of total exports.

In terms of the main countries of destination, Burkina Faso, with a CAGR of +3.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average hypochlorites, chlorites and hypobromites export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate a moderate expansion. The pace of growth appeared the most rapid in 2017 an increase of 58% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Burkina Faso ($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 Cote d'Ivoire (+26.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites

Imports into Ghana

Hypochlorites, chlorites and hypobromites imports into Ghana dropped to X tons in 2022, declining by -9.4% compared with the year before. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 186%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, hypochlorites, chlorites and hypobromites imports rose modestly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 256% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest hypochlorites, chlorites and hypobromites supplier to Ghana, accounting for a 50% share of total imports. Moreover, hypochlorites, chlorites and hypobromites imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X tons), twofold. The third position in this ranking was held by Spain (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+13.7% per year) and Spain (+41.9% per year).

In value terms, the largest hypochlorites, chlorites and hypobromites suppliers to Ghana were China ($X), South Africa ($X) and Spain ($X), with a combined 83% share of total imports.

Spain, with a CAGR of +21.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hypochlorites, chlorites and hypobromites import price stood at $X per ton in 2022, picking up by 15% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 24% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Turkey ($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 (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :