Report Update Nov 1, 2024

Ghana - Phenolic Resins in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Phenolic Resins Market 2024

Phenolic Resins Market Size in Ghana

The Ghanian phenolic resins market soared to $X in 2021, picking up by 173% 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 recorded significant growth. Phenolic resins consumption peaked in 2021 and is likely to see gradual growth in the near future.

Phenolic Resins Exports

Exports from Ghana

In 2015, exports of phenolic resins in primary forms from Ghana amounted to X kg, approximately equating the year before. Overall, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2015 and are likely to continue growth in the immediate term.

In value terms, phenolic resins exports totaled $X in 2015. In general, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2015 and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X kg) was the main destination for phenolic resins exports from Ghana, accounting for a approx. 100% share of total exports.

From 2015 to 2015, the average annual growth rate of volume to the Netherlands was relatively modest.

From 2015 to 2015, the average annual rate of growth in terms of value to the Netherlands was relatively modest.

Phenolic Resins Imports

Imports into Ghana

In 2021, imports of phenolic resins in primary forms into Ghana surged to X tons, picking up by 163% against the previous year's figure. Over the period under review, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2020 when imports increased by 615%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, phenolic resins imports soared to $X in 2021. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 986%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest phenolic resins supplier to Ghana, accounting for a 63% share of total imports. Moreover, phenolic resins imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +126.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+136.2% per year) and Italy (-4.3% per year).

In value terms, the largest phenolic resins suppliers to Ghana were China ($X), South Africa ($X) and Italy ($X), together accounting for 81% of total imports.

In terms of the main suppliers, South Africa, with a CAGR of +254.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average phenolic resins import price amounted to $X per ton, growing by 7.1% against the previous year. Overall, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, phenolic resins import price increased by +70.0% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 66%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+16.6%), 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 phenolic resins in primary forms in the world?

China constituted the country with the largest volume of phenolic resins consumption, accounting for 22% of total volume. Moreover, phenolic resins consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., twofold. India ranked third in terms of total consumption with a 8.2% share.

What are the largest producers of phenolic resins in primary forms in the world?

China constituted the country with the largest volume of phenolic resins production, accounting for 22% of total volume. Moreover, phenolic resins production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. India ranked third in terms of total production with a 8.6% share.

What are the leading suppliers of phenolic resins in primary forms to Ghana?

In value terms, the UK constituted the largest supplier of phenolic resins to Ghana, comprising 40% of total imports. The second position in the ranking was occupied by the U.S., with a 20% share of total imports. It was followed by India, with a 17% share.

What is the average export price for phenolic resins in primary forms in Ghana?

The average phenolic resins export price stood at $2,000 per ton in 2015, approximately mirroring the previous year.

What is the average import price for phenolic resins in primary forms in Ghana?

In 2020, the average phenolic resins import price amounted to $3,022 per ton, shrinking by -6.9% against the previous year.

This report provides an in-depth analysis of the phenolic resins 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 20165650 - Phenolic resins, in primary forms

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