Report Update Nov 1, 2024

Ghana - Silver Nitrate - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Silver Nitrate Market 2024

Silver Nitrate Market Size in Ghana

The Ghanian silver nitrate market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, faced a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Silver Nitrate Exports

Exports from Ghana

In 2021, overseas shipments of silver nitrate decreased by -75% to X kg, falling for the second year in a row after three years of growth. Overall, exports saw a dramatic downturn. The pace of growth appeared the most rapid in 2019 with an increase of 189% against the previous year. Over the period under review, the exports attained the maximum at X kg in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, silver nitrate exports declined remarkably to $X in 2021. Over the period under review, exports saw a dramatic curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 230%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X kg) was the main destination for silver nitrate exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Burkina Faso amounted to -36.4%.

In value terms, Burkina Faso ($X) also remains the key foreign market for silver nitrate exports from Ghana.

From 2012 to 2021, the average annual growth rate of value to Burkina Faso stood at -29.0%.

Export Prices by Country

The average silver nitrate export price stood at $X per ton in 2021, picking up by 160% against the previous year. In general, the export price posted strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Burkina Faso.

From 2012 to 2021, the rate of growth in terms of prices for Burkina Faso amounted to +11.6% per year.

Silver Nitrate Imports

Imports into Ghana

In 2021, after two years of decline, there was significant growth in supplies from abroad of silver nitrate, when their volume increased by 51% to X kg. Over the period under review, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 301%. Over the period under review, imports attained the maximum at X kg in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, silver nitrate imports soared to $X in 2021. In general, imports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of 106% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

South Africa (X kg), Belgium (X kg) and Australia (X kg) were the main suppliers of silver nitrate imports to Ghana, with a combined 72% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +33.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constituted the largest supplier of silver nitrate to Ghana, comprising 34% of total imports. The second position in the ranking was held by the UK ($X), with a 15% share of total imports. It was followed by Australia, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from South Africa amounted to -23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-11.1% per year) and Australia (-10.5% per year).

Import Prices by Country

The average silver nitrate import price stood at $X per ton in 2021, with a decrease of -5.4% against the previous year. Over the period under review, the import price, however, saw a pronounced expansion. The pace of growth was the most pronounced in 2019 an increase of 122%. The import price peaked at $X per ton in 2020, and then declined in the following year.

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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+13.5%), 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 silver nitrate in the world?

The countries with the highest volumes of silver nitrate consumption in 2021 were the Netherlands, Germany and South Africa, together accounting for 41% of global consumption. These countries were followed by France, the Czech Republic, Poland, Italy, Spain, Canada, Turkey, Brazil, India and Saudi Arabia, which together accounted for a further 46%.

What are the largest producers of silver nitrate in the world?

The countries with the highest volumes of silver nitrate production in 2021 were the UK, Germany and Belgium, together accounting for 64% of global production. These countries were followed by South Africa, the United States, France, Italy and Brazil, which together accounted for a further 27%.

What are the leading suppliers of silver nitrate to Ghana?

In value terms, South Africa constituted the largest supplier of silver nitrate to Ghana, comprising 53% of total imports. The second position in the ranking was occupied by Australia, with an 11% share of total imports. It was followed by India, with an 8.1% share.

What are the leading importers of silver nitrate from Ghana?

In value terms, Burkina Faso remains the key foreign market for silver nitrate exports from Ghana.

What is the average export price for silver nitrate in Ghana?

The average silver nitrate export price stood at $306,429 per ton in 2021, declining by -1.9% against the previous year.

What is the average import price for silver nitrate in Ghana?

In 2021, the average silver nitrate import price amounted to $136,109 per ton, shrinking by -6.2% against the previous year.

This report provides an in-depth analysis of the silver nitrate 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 20135183 - Silver nitrate

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