Report Update Nov 1, 2024

Ghana - Nickel Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Nickel Ore Market 2024

Nickel Ore Market Size in Ghana

The Ghanian nickel ore market reduced modestly to $X in 2021, remaining relatively unchanged against the previous year. Overall, consumption continues to indicate a notable increase. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Nickel Ore Production in Ghana

In value terms, nickel ore production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by 37%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Nickel Ore Exports

Exports from Ghana

In 2021, approx. X kg of nickel ores and concentrates were exported from Ghana; flattening at the previous year's figure. In general, exports recorded a deep slump. The smallest decline of -50% was in 2015. The exports peaked at X kg in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, nickel ore exports contracted to $X in 2021. Over the period under review, exports showed a noticeable descent. The smallest decline of -10% was in 2018. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X kg) was the main destination for nickel ore exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Canada totaled -7.4%.

In value terms, Canada ($X) also remains the key foreign market for nickel ores and concentrates exports from Ghana.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled -3.9%.

Export Prices by Country

In 2021, the average nickel ore export price amounted to $X per ton, reducing by -12.5% against the previous year. Overall, the export price, however, recorded tangible growth. The growth pace was the most rapid in 2015 an increase of 100%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to +3.8% per year.

Nickel Ore Imports

Imports into Ghana

In 2013, the amount of nickel ores and concentrates imported into Ghana totaled X kg, therefore, remained relatively stable against the year before. Overall, imports recorded a relatively flat trend pattern. Imports peaked in 2013 and are likely to continue growth in the immediate term.

In value terms, nickel ore imports amounted to $X in 2013. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum in 2013 and are likely to see steady growth in years to come.

Imports by Country

In 2013, the United States (X kg) was the main nickel ore supplier to Ghana, accounting for a approx. 100% share of total imports.

From 2013 to 2013, the average annual growth rate of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of nickel ores and concentrates to Ghana.

From 2013 to 2013, the average annual growth rate of value from the United States was relatively modest.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nickel ores and concentrates in the world?

The countries with the highest volumes of in 2021 were China, the Philippines and Indonesia, together comprising 98% of global consumption.

What are the largest producers of nickel ores and concentrates in the world?

The Philippines constituted the country with the largest volume of nickel ore production, comprising approx. 65% of total volume. Moreover, nickel ore production in the Philippines exceeded the figures recorded by the second-largest producer, Indonesia, twofold.

What are the leading suppliers of nickel ores and concentrates to Ghana?

In value terms, Germany $626) constituted the largest supplier of nickel ore to Ghana.

What are the leading importers of nickel ores and concentrates from Ghana?

In value terms, Canada $8) remains the key foreign market for nickel ore exports from Ghana.

What is the average export price for nickel ores and concentrates in Ghana?

In 2021, the average nickel ore export price amounted to $8,000 per ton, remaining relatively unchanged against the previous year.

What is the average import price for nickel ores and concentrates in Ghana?

In 2019, the average nickel ore import price amounted to $9,631 per ton, approximately mirroring the previous year.

This report provides an in-depth analysis of the nickel ore market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 07291200 - Nickel ores and concentrates

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023