Report Update Nov 1, 2024

Ghana - Non-Rolled Bitumen Products - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Ghana

The Ghanian non-rolled bitumen products market soared to $X in 2022, picking up by 16% 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). In general, consumption, however, recorded a drastic downturn. Non-rolled bitumen products consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Non-Rolled Bitumen Products Exports

Exports from Ghana

In 2016, approx. X tons of non-rolled bitumen products were exported from Ghana; almost unchanged from the year before. Overall, exports showed a precipitous curtailment. The smallest decline of -31.3% was in 2014. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2016, the exports stood at a somewhat lower figure.

In value terms, non-rolled bitumen products exports stood at $X in 2016. Over the period under review, exports recorded a sharp contraction. The smallest decline of -62.1% was in 2014. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2016, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for non-rolled bitumen products exports from Ghana, accounting for a approx. 100% share of total exports.

From 2013 to 2016, the average annual growth rate of volume to Cote d'Ivoire was relatively modest.

From 2013 to 2016, the average annual rate of growth in terms of value to Cote d'Ivoire was relatively modest.

Export Prices by Country

In 2016, the average non-rolled bitumen products export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 a decrease of -44.8% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2016, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2013 to 2016, the rate of growth in terms of prices for Cote d'Ivoire amounted to 0.0% per year.

Non-Rolled Bitumen Products Imports

Imports into Ghana

In 2022, imports of non-rolled bitumen products into Ghana soared to X tons, rising by 22% compared with the year before. Over the period under review, imports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, non-rolled bitumen products imports rose notably to $X in 2022. Overall, imports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 when imports increased by 44%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Canada (X tons), Finland (X tons) and Slovakia (X tons) were the main suppliers of non-rolled bitumen products imports to Ghana, together comprising 37% of total imports. Germany, the United States, the United Arab Emirates, Belgium, China and Italy lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +52.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of non-rolled bitumen products to Ghana, comprising 26% of total imports. The second position in the ranking was held by Canada ($X), with an 11% share of total imports. It was followed by Slovakia, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-17.5% per year) and Slovakia (+20.2% per year).

Import Prices by Country

In 2022, the average non-rolled bitumen products import price amounted to $X per ton, reducing by -6.1% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 27%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-rolled bitumen products in the world?

The country with the largest volume of non-rolled bitumen products consumption was the United States, comprising approx. 42% of total volume. Moreover, non-rolled bitumen products consumption in the United States exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was occupied by India, with a 6.9% share.

What are the largest producers of non-rolled bitumen products in the world?

The United States constituted the country with the largest volume of non-rolled bitumen products production, accounting for 44% of total volume. Moreover, non-rolled bitumen products production in the United States exceeded the figures recorded by the second-largest producer, China, threefold. The third position in this ranking was occupied by India, with a 6.8% share.

What are the leading suppliers of non-rolled bitumen products to Ghana?

In value terms, the largest non-rolled bitumen products suppliers to Ghana were Canada, the United Arab Emirates and China, with a combined 63% share of total imports. Slovakia, Belgium, Germany, Finland and Spain lagged somewhat behind, together comprising a further 18%.

What is the average export price for non-rolled bitumen products in Ghana?

In 2016, the average non-rolled bitumen products export price amounted to $501 per ton, remaining relatively unchanged against the previous year.

What is the average import price for non-rolled bitumen products in Ghana?

In 2021, the average non-rolled bitumen products import price amounted to $606 per ton, approximately reflecting the previous year.

This report provides an in-depth analysis of the non-rolled bitumen products 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 23991290 - Products based on bitumen (excluding in rolls)

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