Ghana: Other Agglomerates Market 2025

Other Agglomerates Market Size in Ghana

In 2022, the Ghanian other agglomerates market decreased by -10.5% to $X, falling for the third consecutive year after four years of growth. In general, consumption showed a abrupt slump. Other agglomerates consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Other Agglomerates Production in Ghana

In value terms, other agglomerates production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 44% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Other Agglomerates Exports

Exports from Ghana

In 2022, overseas shipments of other agglomerates decreased by -9.2% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 3,407% against the previous year. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, other agglomerates exports fell to $X in 2022. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 3,240% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

The UK (X tons) was the main destination for other agglomerates exports from Ghana, accounting for a 86% share of total exports. Moreover, other agglomerates exports to the UK exceeded the volume sent to the second major destination, Denmark (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to +56.8%.

In value terms, the UK ($X) remains the key foreign market for other agglomerates exports from Ghana, comprising 84% of total exports. The second position in the ranking was held by Denmark ($X), with an 8.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to +52.6%.

Export Prices by Country

In 2022, the average other agglomerates export price amounted to $X per ton, approximately equating the previous year. Overall, the export price, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2014 an increase of 79% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to the UK stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+136.4%), while the prices for the other major destinations experienced mixed trend patterns.

Other Agglomerates Imports

Imports into Ghana

After two years of decline, overseas purchases of other agglomerates increased by 195% to X tons in 2022. Over the period under review, imports, however, saw a drastic downturn. The growth pace was the most rapid in 2019 when imports increased by 4,023% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, other agglomerates imports rose rapidly to $X in 2022. In general, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 2,257%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Israel (X tons) was the main supplier of other agglomerates to Ghana, accounting for a 91% share of total imports. Moreover, other agglomerates imports from Israel exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Israel was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+35.7% per year) and Italy (-46.3% per year).

In value terms, the largest other agglomerates suppliers to Ghana were Israel ($X), the United States ($X) and Italy ($X), together comprising 99% of total imports.

In terms of the main suppliers, the United States, with a CAGR of +42.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average other agglomerates import price amounted to $X per ton, dropping by -62.9% against the previous year. Over the period under review, the import price, however, continues to indicate tangible growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 250% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($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 (+5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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