Ghana: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Ghana

In 2022, after three years of growth, there was decline in the Ghanian prepared additives for cements market, when its value decreased by -3% to $X. In general, consumption, however, recorded pronounced growth. Prepared additives for cements consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Ghana

After three years of growth, overseas shipments of prepared additives for cements, mortars or concretes decreased by -7.8% to X tons in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 477%. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, prepared additives for cements exports shrank sharply to $X in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 539%. The exports peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

Togo (X tons) was the main destination for prepared additives for cements exports from Ghana, with a 76% share of total exports. Moreover, prepared additives for cements exports to Togo exceeded the volume sent to the second major destination, Cote d'Ivoire (X tons), ninefold. Congo (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Togo amounted to +45.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+18.5% per year) and Congo (+67.3% per year).

In value terms, Togo ($X) remains the key foreign market for prepared additives for cements, mortars or concretes exports from Ghana, comprising 80% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a 9.1% share of total exports. It was followed by Congo, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Togo stood at +60.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+84.1% per year) and Congo (+56.7% per year).

Export Prices by Country

The average prepared additives for cements export price stood at $X per ton in 2022, with a decrease of -12.4% against the previous year. In general, the export price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 an increase of 31% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+20.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Ghana

In 2022, supplies from abroad of prepared additives for cements, mortars or concretes decreased by -1.3% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2019 when imports increased by 108% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, prepared additives for cements imports declined slightly to $X in 2022. Over the period under review, imports, however, recorded a temperate expansion. The pace of growth appeared the most rapid in 2019 with an increase of 100%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and India (X tons) were the main suppliers of prepared additives for cements imports to Ghana, with a combined 41% share of total imports. Belgium, Cote d'Ivoire, South Africa, Russia, South Korea, the UK, Turkey, Poland, Italy and the United States lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +93.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared additives for cements suppliers to Ghana were China ($X), South Africa ($X) and Cote d'Ivoire ($X), with a combined 33% share of total imports. The UK, the United Arab Emirates, Belgium, the United States, India, South Korea, Russia, Italy, Turkey and Poland lagged somewhat behind, together accounting for a further 51%.

Poland, with a CAGR of +81.9%, saw the highest rates of growth with regard to 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

The average prepared additives for cements import price stood at $X per ton in 2022, with a decrease of -3.4% against the previous year. Over the period under review, the import price continues to indicate a perceptible decline. The growth pace was the most rapid in 2014 when the average import price increased by 58% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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 the United States ($X per ton), while the price for Poland ($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 UK (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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