Ghana: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in Ghana

The Ghanian fungicide and bactericide market expanded markedly to $X in 2021, growing by 10% 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). Overall, consumption showed a slight contraction. Fungicide and bactericide consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Fungicide And Bactericide Exports

Exports from Ghana

In 2021, the amount of fungicides, bactericides and seed treatments exported from Ghana shrank sharply to X kg, with a decrease of -39.1% on the previous year. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 4,264%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, fungicide and bactericide exports dropped rapidly to $X in 2021. Over the period under review, exports, however, showed a noticeable increase. The pace of growth was the most pronounced in 2016 when exports increased by 659% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Niger (X kg) was the main destination for fungicide and bactericide exports from Ghana, accounting for a 87% share of total exports. Moreover, fungicide and bactericide exports to Niger exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Niger stood at +114.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+48.9% per year) and Benin (0.0% per year).

In value terms, Niger ($X) remains the key foreign market for fungicides, bactericides and seed treatments exports from Ghana, comprising 81% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Niger totaled +122.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+32.1% per year) and Benin (0.0% per year).

Export Prices by Country

The average fungicide and bactericide export price stood at $X per ton in 2021, increasing by 14% against the previous year. Over the period under review, the export price enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2017 an increase of 517% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Benin ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Togo (+51.7%), while the prices for the other major destinations experienced a decline.

Fungicide And Bactericide Imports

Imports into Ghana

In 2021, approx. X tons of fungicides, bactericides and seed treatments were imported into Ghana; dropping by -7.4% compared with the previous year's figure. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 83%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, fungicide and bactericide imports expanded notably to $X in 2021. Over the period under review, imports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 72%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest fungicide and bactericide supplier to Ghana, with a 32% share of total imports. Moreover, fungicide and bactericide imports from China exceeded the figures recorded by the second-largest supplier, Israel (X tons), fivefold. The third position in this ranking was taken by Spain (X tons), with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+44.7% per year) and Spain (+1.2% per year).

In value terms, China ($X) constituted the largest supplier of fungicides, bactericides and seed treatments to Ghana, comprising 23% of total imports. The second position in the ranking was held by Hungary ($X), with an 11% share of total imports. It was followed by Israel, with an 8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-2.2% per year) and Israel (+65.4% per year).

Import Prices by Country

In 2021, the average fungicide and bactericide import price amounted to $X per ton, picking up by 23% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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