Report Update Nov 1, 2024

Ghana - Sulphuric Acid and Oleum - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in Ghana

In 2022, the Ghanian sulphuric acid market decreased by -12.9% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a prominent increase. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced in the following year.

Sulphuric Acid Exports

Exports from Ghana

After two years of decline, overseas shipments of sulphuric acid and oleum increased by 890% to X tons in 2022. Overall, exports recorded a prominent increase. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, sulphuric acid exports surged to $X in 2022. In general, exports recorded a remarkable increase. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for sulphuric acid exports from Ghana, accounting for a 97% share of total exports. It was followed by Niger (X tons), with a 2.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burkina Faso totaled +14.4%.

In value terms, Burkina Faso ($X) remains the key foreign market for sulphuric acid and oleum exports from Ghana, comprising 99% of total exports. The second position in the ranking was held by Niger ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Burkina Faso totaled +27.0%.

Export Prices by Country

The average sulphuric acid export price stood at $X per ton in 2022, growing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2013 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Niger stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+11.0%).

Sulphuric Acid Imports

Imports into Ghana

In 2022, supplies from abroad of sulphuric acid and oleum decreased by -6.5% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 277%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, sulphuric acid imports contracted to $X in 2022. Overall, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 275%. Over the period under review, imports attained the maximum at $X in 2021, and then fell in the following year.

Imports by Country

South Africa (X tons), Belgium (X tons) and India (X tons) were the main suppliers of sulphuric acid imports to Ghana, together comprising 64% of total imports. The Netherlands, the UK and Nigeria lagged somewhat behind, together accounting for a further 9.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +56.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Belgium ($X) and India ($X) constituted the largest sulphuric acid suppliers to Ghana, together accounting for 59% of total imports.

In terms of the main suppliers, India, with a CAGR of +31.9%, recorded 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 sulphuric acid import price amounted to $X per ton, falling by -8.6% against the previous year. In general, the import price showed a slight curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 36%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+0.7%), 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 sulphuric acid and oleum in the world?

The country with the largest volume of sulphuric acid consumption was China, comprising approx. 25% of total volume. Moreover, sulphuric acid consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Russia ranked third in terms of total consumption with a 9.3% share.

What are the largest producers of sulphuric acid and oleum in the world?

China remains the largest sulphuric acid producing country worldwide, comprising approx. 27% of total volume. Moreover, sulphuric acid production in China exceeded the figures recorded by the second-largest producer, Russia, threefold. The United States ranked third in terms of total production with a 9.9% share.

What are the leading suppliers of sulphuric acid and oleum to Ghana?

In value terms, Belgium constituted the largest supplier of sulphuric acid to Ghana, comprising 69% of total imports. The second position in the ranking was occupied by India, with a 15% share of total imports. It was followed by the UK, with a 4.8% share.

What are the leading importers of sulphuric acid and oleum from Ghana?

In value terms, Burkina Faso remains the key foreign market for sulphuric acid exports from Ghana, comprising 90% of total exports. The second position in the ranking was occupied by Niger, with a 6.7% share of total exports.

What is the average export price for sulphuric acid and oleum in Ghana?

The average sulphuric acid export price stood at $1,309 per ton in 2021, growing by 7.3% against the previous year.

What is the average import price for sulphuric acid and oleum in Ghana?

In 2021, the average sulphuric acid import price amounted to $210 per ton, growing by 1.6% against the previous year.

This report provides an in-depth analysis of the sulphuric acid 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 20132434 - Sulphuric acid, oleum

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