Report Update Nov 1, 2024

Ghana - Silicates, Commercial Alkali Metal Silicates - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Silicates Market 2024

Silicates Market Size in Ghana

For the third year in a row, the Ghanian silicates market recorded growth in sales value, which increased by 94% to $X in 2021. Over the period under review, consumption saw a strong expansion. Silicates consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Silicates Exports

Exports from Ghana

In 2021, shipments abroad of silicates, commercial alkali metal silicates increased by 19% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2016 when exports increased by 230% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, silicates exports soared to $X in 2021. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by 243% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for silicates exports from Ghana, with a 74% share of total exports. Moreover, silicates exports to Burkina Faso exceeded the volume sent to the second major destination, Cote d'Ivoire (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Burkina Faso amounted to +10.2%.

In value terms, Burkina Faso ($X) remains the key foreign market for silicates, commercial alkali metal silicates exports from Ghana, comprising 90% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Burkina Faso stood at +10.6%.

Export Prices by Country

The average silicates export price stood at $X per ton in 2021, stabilizing at the previous year. In general, the export price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 an increase of 155% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, 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 stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Equatorial Guinea (+1,039.0%), while the prices for the other major destinations experienced mixed trend patterns.

Silicates Imports

Imports into Ghana

For the third consecutive year, Ghana recorded growth in purchases abroad of silicates, commercial alkali metal silicates, which increased by 124% to X tons in 2021. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 417%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, silicates imports surged to $X in 2021. In general, imports enjoyed a prominent increase. The growth pace was the most rapid in 2015 when imports increased by 323%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Egypt (X tons), China (X tons) and India (X tons) were the main suppliers of silicates imports to Ghana, with a combined 67% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +47.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest silicates suppliers to Ghana were Egypt ($X), China ($X) and India ($X), with a combined 67% share of total imports.

In terms of the main suppliers, Egypt, with a CAGR of +46.1%, recorded the highest growth rate of 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 silicates import price stood at $X per ton in 2021, falling by -24.1% against the previous year. Overall, the import price showed a deep contraction. The pace of growth was the most pronounced in 2020 when the average import price increased by 72% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Germany ($X per ton), while the price for Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+13.7%), 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 silicates, commercial alkali metal silicates in the world?

The countries with the highest volumes of silicates consumption in 2021 were China, the United States and India, together comprising 45% of global consumption.

What are the largest producers of silicates, commercial alkali metal silicates in the world?

China remains the largest silicates producing country worldwide, comprising approx. 27% of total volume. Moreover, silicates production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with an 8.7% share.

What are the leading suppliers of silicates, commercial alkali metal silicates to Ghana?

In value terms, China constituted the largest supplier of silicates to Ghana, comprising 56% of total imports. The second position in the ranking was occupied by Egypt, with a 23% share of total imports. It was followed by Belgium, with a 6.5% share.

What are the leading importers of silicates, commercial alkali metal silicates from Ghana?

In value terms, Cote d'Ivoire remains the key foreign market for silicates exports from Ghana.

What is the average export price for silicates, commercial alkali metal silicates in Ghana?

The average silicates export price stood at $1,549 per ton in 2021, increasing by 11% against the previous year.

What is the average import price for silicates, commercial alkali metal silicates in Ghana?

In 2021, the average silicates import price amounted to $333 per ton, shrinking by -10% against the previous year.

This report provides an in-depth analysis of the silicates 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 20136240 - Silicates, commercial alkali metal silicates

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