Ghana: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Ghana

The Ghanian saturated acyclic monocarboxylic acids market fell to $X in 2022, with a decrease of X% against the previous year. In general, consumption recorded a abrupt decrease. Saturated acyclic monocarboxylic acids consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Saturated Acyclic Monocarboxylic Acids in Ghana

In value terms, saturated acyclic monocarboxylic acids production fell to $X in 2022 estimated in export price. Overall, production faced a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from Ghana

In 2022, approx. X tons of saturated acyclic monocarboxylic acids were exported from Ghana; with an increase of X% compared with the previous year. Over the period under review, exports, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, saturated acyclic monocarboxylic acids exports soared to $X in 2022. Overall, exports, however, continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nigeria (X tons), Togo (X tons) and Burkina Faso (X tons) were the main destinations of saturated acyclic monocarboxylic acids exports from Ghana, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) emerged as the key foreign market for saturated acyclic monocarboxylic acids exports from Ghana, comprising X% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

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

Export Prices by Country

In 2022, the average saturated acyclic monocarboxylic acids export price amounted to $X per ton, falling by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average 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 Niger ($X per ton), while the average price for exports to Togo ($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 Niger (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into Ghana

In 2022, the amount of saturated acyclic monocarboxylic acids imported into Ghana rose sharply to X tons, increasing by X% against the previous year. In general, imports saw a prominent increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, saturated acyclic monocarboxylic acids imports totaled $X in 2022. Overall, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

India (X tons), South Africa (X tons) and China (X tons) were the main suppliers of saturated acyclic monocarboxylic acids imports to Ghana, with a combined X% share of total imports. South Korea, Belgium, Singapore, the United Arab Emirates, Portugal, Russia, the United States, the Netherlands and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), South Africa ($X) and China ($X) were the largest saturated acyclic monocarboxylic acids suppliers to Ghana, with a combined X% share of total imports. Belgium, Singapore, the United States, the United Arab Emirates, Portugal, South Korea, Malaysia, Russia and the Netherlands lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Portugal, with a CAGR of X%, 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

The average saturated acyclic monocarboxylic acids import price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price recorded a abrupt decrease. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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