Report Update Nov 1, 2024

Ghana - Potassium Chloride (MOP) - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in Ghana

The Ghanian potassium chloride (MOP) market surged to $X in 2022, with an increase of 170% 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 showed a tangible increase. Potassium chloride (MOP) consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Potassium Chloride (Mop) Exports

Exports from Ghana

In 2019, the amount of potassium chloride (MOP) exported from Ghana contracted dramatically to X tons, waning by -96.1% on the previous year. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 187%. Over the period under review, the exports hit record highs at X tons in 2018, and then contracted significantly in the following year.

In value terms, potassium chloride (MOP) exports plummeted to $X in 2019. Over the period under review, exports faced a deep setback. The growth pace was the most rapid in 2013 when exports increased by 1.6% against the previous year. The exports peaked at $X in 2018, and then shrank notably in the following year.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for potassium chloride (MOP) exports from Ghana, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Cote d'Ivoire was relatively modest.

In value terms, Cote d'Ivoire ($X) emerged as the key foreign market for potassium chloride (MOP) exports from Ghana.

From 2012 to 2019, the average annual growth rate of value to Cote d'Ivoire was relatively modest.

Export Prices by Country

The average potassium chloride (MOP) export price stood at $X per ton in 2019, growing by 199% against the previous year. Overall, the export price, however, recorded a deep slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2019, the export prices stood at a somewhat lower figure.

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

From 2012 to 2019, the rate of growth in terms of prices for Togo amounted to -54.6% per year.

Potassium Chloride (Mop) Imports

Imports into Ghana

In 2022, the amount of potassium chloride (MOP) imported into Ghana soared to X tons, jumping by 89% against the previous year's figure. Over the period under review, imports posted perceptible growth. The growth pace was the most rapid in 2015 with an increase of 352%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, potassium chloride (MOP) imports skyrocketed to $X in 2022. In general, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of potassium chloride (MOP) to Ghana, accounting for a 53% share of total imports. Moreover, potassium chloride (MOP) imports from Canada exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was held by Spain (X tons), with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada totaled +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+1.1% per year) and Spain (+50.2% per year).

In value terms, the largest potassium chloride (MOP) suppliers to Ghana were Belgium ($X), Canada ($X) and Spain ($X), with a combined 58% share of total imports.

Spain, with a CAGR of +69.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average potassium chloride (MOP) import price amounted to $X per ton, jumping by 328% against the previous year. Overall, the import price posted a tangible increase. 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 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+12.6%), 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 potassium chloride (mop) in the world?

The countries with the highest volumes of potassium chloride mop) consumption in 2021 were China, Brazil and the United States, with a combined 54% share of global consumption. These countries were followed by India, Belarus, Indonesia, Jordan, Malaysia, South Korea and Israel, which together accounted for a further 24%.

What are the largest producers of potassium chloride (mop) in the world?

The countries with the highest volumes of potassium chloride mop) production in 2021 were Canada, Russia and Belarus, with a combined 67% share of global production. China, Israel, Jordan and Germany lagged somewhat behind, together accounting for a further 26%.

What are the leading suppliers of potassium chloride (mop) to Ghana?

In value terms, Russia, Germany and Canada constituted the largest potassium chloride mop) suppliers to Ghana, with a combined 75% share of total imports.

What are the leading importers of potassium chloride (mop) from Ghana?

In value terms, Burkina Faso remains the key foreign market for potassium chloride mop) exports from Ghana, comprising 73% of total exports. The second position in the ranking was occupied by Togo, with a 27% share of total exports.

What is the average export price for potassium chloride (mop) in Ghana?

In 2021, the average potassium chloride mop) export price amounted to $323 per ton, shrinking by -2.3% against the previous year.

What is the average import price for potassium chloride (mop) in Ghana?

In 2021, the average potassium chloride mop) import price amounted to $266 per ton, increasing by 8.7% against the previous year.

This report provides an in-depth analysis of the potassium chloride (mop) 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:

FCL 4016 -

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