Report Update Nov 1, 2024

Ghana - Other Cyclic Hydrocarbons - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Ghana

The Ghanian cyclic hydrocarbons market contracted remarkably to $X in 2021, shrinking by -20.4% 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 significant decline. The most prominent rate of growth was recorded in 2015 with a decrease of -8.6% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Cyclic Hydrocarbons Exports

Exports from Ghana

For the fifth year in a row, Ghana recorded decline in shipments abroad of other cyclic hydrocarbons, which decreased by -16.3% to X kg in 2021. In general, exports faced a dramatic contraction. The pace of growth appeared the most rapid in 2013 when exports increased by 29%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, cyclic hydrocarbons exports fell dramatically to $X in 2021. Over the period under review, exports recorded a dramatic decline. The pace of growth was the most pronounced in 2013 with an increase of 286%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X kg) was the main destination for cyclic hydrocarbons exports from Ghana, accounting for a approx. 51% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to -26.6%.

In value terms, the UK ($X) also remains the key foreign market for other cyclic hydrocarbons exports from Ghana.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at -29.0%.

Export Prices by Country

In 2021, the average cyclic hydrocarbons export price amounted to $X per ton, waning by -56.4% against the previous year. In general, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of 200% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to -3.2% per year.

Cyclic Hydrocarbons Imports

Imports into Ghana

In 2021, approx. X tons of other cyclic hydrocarbons were imported into Ghana; reducing by -14.9% compared with the previous year. Overall, imports continue to indicate a sharp downturn. The smallest decline of -2.8% was in 2020. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, cyclic hydrocarbons imports contracted notably to $X in 2021. Over the period under review, imports recorded a dramatic curtailment. The smallest decline of -11.2% was in 2015. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest cyclic hydrocarbons supplier to Ghana, with a 52% share of total imports. Moreover, cyclic hydrocarbons imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-23.0% per year) and Spain (-33.3% per year).

In value terms, China ($X) constituted the largest supplier of other cyclic hydrocarbons to Ghana, comprising 51% of total imports. The second position in the ranking was taken by Spain ($X), with a 14% share of total imports. It was followed by Belgium, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-33.6% per year) and Belgium (-26.0% per year).

Import Prices by Country

The average cyclic hydrocarbons import price stood at $X per ton in 2021, dropping by -8.9% against the previous year. In general, the import price recorded a pronounced decrease. The pace of growth appeared the most rapid in 2016 when the average import price increased by 40% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for other cyclic hydrocarbons in the world?

China remains the largest cyclic hydrocarbons consuming country worldwide, comprising approx. 21% of total volume. Moreover, cyclic hydrocarbons consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 7.2% share.

What are the largest producers of other cyclic hydrocarbons in the world?

China remains the largest cyclic hydrocarbons producing country worldwide, comprising approx. 23% of total volume. Moreover, cyclic hydrocarbons production in China exceeded the figures recorded by the second-largest producer, India, threefold. Spain ranked third in terms of total production with a 7.2% share.

What are the leading suppliers of other cyclic hydrocarbons to Ghana?

In value terms, Spain constituted the largest supplier of cyclic hydrocarbons to Ghana, comprising 38% of total imports. The second position in the ranking was occupied by the United States, with a 19% share of total imports. It was followed by the UK, with an 18% share.

What are the leading importers of other cyclic hydrocarbons from Ghana?

In value terms, the UK $769) remains the key foreign market for cyclic hydrocarbons exports from Ghana, comprising 99% of total exports. The second position in the ranking was occupied by Belgium $5), with a 0.6% share of total exports.

What is the average export price for other cyclic hydrocarbons in Ghana?

In 2020, the average cyclic hydrocarbons export price amounted to $3,252 per ton, with a decrease of -6.8% against the previous year.

What is the average import price for other cyclic hydrocarbons in Ghana?

In 2020, the average cyclic hydrocarbons import price amounted to $1,328 per ton, shrinking by -10.3% against the previous year.

This report provides an in-depth analysis of the cyclic hydrocarbons 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 20141290 - Other cyclic hydrocarbons

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