Ghana: Market for Polyethylene Glycols and Polyethers in Primary Forms 2025

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Ghana

The Ghanian polyethylene glycol and polyether market surged to $X in 2021, increasing by 99% 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 resilient increase. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Ghana

In 2021, shipments abroad of polyethylene glycols and polyethers in primary forms increased by 100% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 173% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, polyethylene glycol and polyether exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2018 with an increase of 214%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Niger (X tons), Burkina Faso (X tons) and Togo (X tons) were the main destinations of polyethylene glycol and polyether exports from Ghana, together comprising 95% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Togo (with a CAGR of +14.9%), while the other leaders experienced more modest paces of growth.

In value terms, Niger ($X) remains the key foreign market for polyethylene glycols and polyethers in primary forms exports from Ghana, comprising 79% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a 15% share of total exports. It was followed by Benin, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Niger amounted to +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (-11.1% per year) and Benin (-33.4% per year).

Export Prices by Country

In 2021, the average polyethylene glycol and polyether export price amounted to $X per ton, reducing by -3.2% against the previous year. In general, the export price showed a pronounced shrinkage. The growth pace was the most rapid in 2013 when the average export price increased by 34%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+4.6%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Ghana

In 2021, the amount of polyethylene glycols and polyethers in primary forms imported into Ghana skyrocketed to X tons, jumping by 47% compared with 2020. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 126%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, polyethylene glycol and polyether imports surged to $X in 2021. In general, imports posted a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 134%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and China (X tons) were the main suppliers of polyethylene glycol and polyether imports to Ghana, with a combined 53% share of total imports. The United Arab Emirates, Spain, South Africa and South Korea lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +70.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of polyethylene glycols and polyethers in primary forms to Ghana, comprising 30% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by the United Arab Emirates, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+62.2% per year) and the United Arab Emirates (+70.0% per year).

Import Prices by Country

The average polyethylene glycol and polyether import price stood at $X per ton in 2021, increasing by 58% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue 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 the Netherlands ($X per ton), while the price for Belgium ($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 (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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