Report Update Nov 1, 2024

Ghana - Propylene Glycol (Propane-1,2-Diol) - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Propylene Glycol Market 2024

Propylene Glycol Market Size in Ghana

After three years of growth, the Ghanian propylene glycol market decreased by -6.5% to $X in 2022. In general, consumption enjoyed a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted in the following year.

Propylene Glycol Exports

Exports from Ghana

In 2021, the amount of propylene glycol (propane-1,2-diol) exported from Ghana stood at X kg, therefore, remained relatively stable against 2020. In general, exports faced a abrupt curtailment. The smallest decline of 99.9% was in 2018. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, propylene glycol exports stood at $X in 2021. Overall, exports saw a sharp slump. The smallest decline of 99.9% was in 2018. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Switzerland (X kg) was the main destination for propylene glycol exports from Ghana, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Switzerland was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Switzerland was relatively modest.

Export Prices by Country

The average propylene glycol export price stood at $X per ton in 2021, flattening at the previous year. Overall, the export price showed a deep setback. The pace of growth was the most pronounced in 2018 a decrease of 99.9%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, 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 Switzerland.

From 2012 to 2021, the rate of growth in terms of prices for Cote d'Ivoire amounted to 0.0% per year.

Propylene Glycol Imports

Imports into Ghana

In 2022, imports of propylene glycol (propane-1,2-diol) into Ghana rose sharply to X tons, picking up by 5.7% compared with 2021 figures. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by 90%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, propylene glycol imports dropped to $X in 2022. In general, imports showed a remarkable increase. The growth pace was the most rapid in 2019 when imports increased by 69% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

South Korea (X tons), Senegal (X tons) and China (X tons) were the main suppliers of propylene glycol imports to Ghana, together accounting for 64% of total imports. India, Singapore, South Africa, the Netherlands, Germany and Belgium lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +20.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest propylene glycol suppliers to Ghana were South Korea ($X), Senegal ($X) and China ($X), together accounting for 58% of total imports. India, Singapore, the Netherlands, South Africa, Germany and Belgium lagged somewhat behind, together comprising a further 29%.

In terms of the main suppliers, India, with a CAGR of +17.2%, saw the highest rates of growth with regard to 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 2022, the average propylene glycol import price amounted to $X per ton, reducing by -16.1% against the previous year. Over the period under review, the import price recorded a mild reduction. The pace of growth appeared the most rapid in 2021 an increase of 53%. As a result, import price reached the peak level of $X per ton, and then declined markedly in the following year.

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 Belgium ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for propylene glycol (propane-1,2-diol) in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 44% share of global consumption. Japan, Brazil, Italy, Turkey, the UK, France, South Korea, Poland, Canada and Taiwan Chinese) lagged somewhat behind, together accounting for a further 32%.

What are the largest producers of propylene glycol (propane-1,2-diol) in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, together accounting for 48% of global production. India, Japan, Brazil, South Korea, Thailand, the UK, France, Turkey, Spain and Italy lagged somewhat behind, together comprising a further 37%.

What are the leading suppliers of propylene glycol (propane-1,2-diol) to Ghana?

In value terms, Senegal, Belgium and India appeared to be the largest propylene glycol suppliers to Ghana, together comprising 50% of total imports. These countries were followed by the Netherlands, Germany, China, Singapore and South Korea, which together accounted for a further 43%.

What is the average export price for propylene glycol (propane-1,2-diol) in Ghana?

The average propylene glycol export price stood at $3,845 per ton in 2021, remaining relatively unchanged against the previous year.

What is the average import price for propylene glycol (propane-1,2-diol) in Ghana?

The average propylene glycol import price stood at $1,514 per ton in 2021, surging by 7% against the previous year.

This report provides an in-depth analysis of the propylene glycol 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 20142320 - Propylene glycol (propane-1,2-diol)

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