Ghana: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Ghana

The Ghanian market for liquid or compressed air and distilled or conductivity water totaled $X in 2021, surging by 12% against the previous year. The market value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in Ghana

In value terms, liquid air and distilled water production rose notably to $X in 2021 estimated in export price. Overall, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.6% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 18%. Liquid air and distilled water production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Ghana

In 2021, overseas shipments of liquid or compressed air and distilled or conductivity water decreased by -74.1% to X kg, falling for the second consecutive year after two years of growth. In general, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 166% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, liquid air and distilled water exports dropped notably to $X in 2021. Over the period under review, exports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 128% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa (X kg) and Burkina Faso (X kg) were the main destinations of liquid air and distilled water exports from Ghana.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +8.8%).

In value terms, Burkina Faso ($X) remains the key foreign market for liquid or compressed air and distilled or conductivity water exports from Ghana, comprising 79% of total exports. The second position in the ranking was taken by South Africa ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Burkina Faso stood at +10.0%.

Export Prices by Country

In 2021, the average export price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, picking up by 41% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Burkina Faso ($X per ton), while the average price for exports to South Africa totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Ghana

Liquid air and distilled water imports into Ghana soared to X tons in 2021, growing by 42% against the year before. Over the period under review, imports showed prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 374% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, liquid air and distilled water imports skyrocketed to $X in 2021. Overall, imports showed a notable increase. The most prominent rate of growth was recorded in 2019 with an increase of 355% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Israel (X tons) was the main liquid air and distilled water supplier to Ghana, with a 96% share of total imports. It was followed by China (X tons), with a 2.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Israel totaled +17.2%.

In value terms, Israel ($X) constituted the largest supplier of liquid or compressed air and distilled or conductivity water to Ghana, comprising 88% of total imports. The second position in the ranking was held by China ($X), with a 3.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Israel totaled +5.9%.

Import Prices by Country

The average import price for liquid or compressed air and distilled or conductivity water stood at $X per ton in 2021, declining by -3.5% against the previous year. In general, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 an increase of 48% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Israel amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (-9.6%).

Source: IndexBox Platform

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