Report Update Nov 1, 2024

Ghana - Prepared Explosives - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Explosives Market 2024

Explosives Market Size in Ghana

The Ghanian explosives market soared to $X in 2021, growing by 134% 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 enjoyed significant growth. Explosives consumption peaked in 2021 and is expected to retain growth in the near future.

Explosives Exports

Exports from Ghana

After two years of growth, overseas shipments of prepared explosives decreased by -25.5% to X tons in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 89% against the previous year. The exports peaked at X tons in 2020, and then declined sharply in the following year.

In value terms, explosives exports declined rapidly to $X in 2021. In general, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of 30% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for explosives exports from Ghana, with a 76% share of total exports. Moreover, explosives exports to Burkina Faso exceeded the volume sent to the second major destination, Sierra Leone (X tons), sixfold. The third position in this ranking was held by Niger (X tons), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Burkina Faso amounted to +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sierra Leone (+5.2% per year) and Niger (+9.6% per year).

In value terms, the largest markets for explosives exported from Ghana were Burkina Faso ($X), Sierra Leone ($X) and Guinea ($X), together comprising 92% of total exports.

Sierra Leone, with a CAGR of +11.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average explosives export price stood at $X per ton in 2021, dropping by -16.5% against the previous year. Overall, the export price saw a deep setback. The pace of growth appeared the most rapid in 2015 an increase of 41%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Guinea ($X per ton), while the average price for exports to Niger ($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 Cote d'Ivoire (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Explosives Imports

Imports into Ghana

In 2021, the amount of prepared explosives imported into Ghana surged to X tons, increasing by 74% on the previous year. Over the period under review, imports recorded strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 143%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, explosives imports skyrocketed to $X in 2021. Overall, imports showed a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 231% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

South Africa (X tons), Spain (X tons) and France (X tons) were the main suppliers of explosives imports to Ghana, with a combined 43% share of total imports. Portugal, India, China, Poland and Burkina Faso lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +38.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constituted the largest supplier of prepared explosives to Ghana, comprising 36% of total imports. The second position in the ranking was held by Spain ($X), with a 13% share of total imports. It was followed by France, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from South Africa totaled +25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+12.1% per year) and France (+19.4% per year).

Import Prices by Country

In 2021, the average explosives import price amounted to $X per ton, shrinking by -6.2% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 39%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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 ($X per ton), while the price for Burkina Faso ($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 (+12.7%), 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 prepared explosives in the world?

The countries with the highest volumes of explosives consumption in 2020 were China, Norway and the United States, together comprising 41% of global consumption.

What are the largest producers of prepared explosives in the world?

The countries with the highest volumes of explosives production in 2020 were China, Norway and the United States, with a combined 42% share of global production.

What are the leading suppliers of prepared explosives to Ghana?

In value terms, South Africa constituted the largest supplier of explosives to Ghana, comprising 50% of total imports. The second position in the ranking was occupied by Spain, with a 16% share of total imports. It was followed by India, with a 7.9% share.

What are the leading importers of prepared explosives from Ghana?

In value terms, Burkina Faso remains the key foreign market for explosives exports from Ghana, comprising 74% of total exports. The second position in the ranking was occupied by Guinea, with a 16% share of total exports. It was followed by Mali, with a 4.2% share.

What is the average export price for prepared explosives in Ghana?

In 2020, the average explosives export price amounted to $6,927 per ton, shrinking by -37.4% against the previous year.

What is the average import price for prepared explosives in Ghana?

In 2020, the average explosives import price amounted to $4,274 per ton, dropping by -12.2% against the previous year.

This report provides an in-depth analysis of the explosives 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 20511150 - Prepared explosives (excluding propellant powders)

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