Report Update Nov 1, 2024

Ghana - Titanium Dioxide - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Titanium Dioxide Market 2024

Titanium Dioxide Market Size in Ghana

For the third consecutive year, the Ghanian titanium dioxide market recorded decline in sales value, which decreased by -20.8% to $X in 2021. In general, consumption, however, posted a significant expansion. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Titanium Dioxide Exports

Exports from Ghana

In 2021, overseas shipments of titanium dioxide decreased by 0% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports saw a slight descent. The most prominent rate of growth was recorded in 2015 with an increase of 112% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, titanium dioxide exports amounted to $X in 2021. Overall, exports faced a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 62%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for titanium dioxide exports from Ghana, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Burkina Faso stood at -1.4%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to Burkina Faso totaled -11.3%.

Export Prices by Country

The average titanium dioxide export price stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the export price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2013 when the average export price increased by 169%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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 -10.0% per year.

Titanium Dioxide Imports

Imports into Ghana

Titanium dioxide imports into Ghana reduced dramatically to X tons in 2021, shrinking by -23.3% compared with the year before. Over the period under review, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 478%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, titanium dioxide imports contracted to $X in 2021. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 126% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Ukraine (X tons), the Netherlands (X tons) and Saudi Arabia (X tons) were the main suppliers of titanium dioxide imports to Ghana, with a combined 53% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +49.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Saudi Arabia ($X) and Germany ($X) constituted the largest titanium dioxide suppliers to Ghana, together accounting for 52% of total imports.

Among the main suppliers, Ukraine, with a CAGR of +45.9%, 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 titanium dioxide import price stood at $X per ton in 2021, growing by 21% against the previous year. Overall, the import price, however, saw a abrupt downturn. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+5.9%), 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 titanium dioxide in the world?

The countries with the highest volumes of titanium dioxide consumption in 2020 were China, Germany and India, with a combined 53% share of global consumption. These countries were followed by the United States, Japan, Indonesia, Mexico, France, the UK, Italy, Ethiopia and South Korea, which together accounted for a further 26%.

What are the largest producers of titanium dioxide in the world?

The countries with the highest volumes of titanium dioxide production in 2020 were China, Germany and India, with a combined 61% share of global production. The United States, Japan, Indonesia, France, Mexico, South Korea, the UK and Ethiopia lagged somewhat behind, together comprising a further 24%.

What are the leading suppliers of titanium dioxide to Ghana?

In value terms, China, Germany and Saudi Arabia were the largest titanium dioxide suppliers to Ghana, with a combined 73% share of total imports. Belgium, the Netherlands, Russia, Ukraine and Italy lagged somewhat behind, together accounting for a further 19%.

What are the leading importers of titanium dioxide from Ghana?

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

What is the average export price for titanium dioxide in Ghana?

The average titanium dioxide export price stood at $500 per ton in 2020, declining by -36.7% against the previous year.

What is the average import price for titanium dioxide in Ghana?

The average titanium dioxide import price stood at $1,901 per ton in 2020, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the titanium dioxide 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 20121150 - Titanium oxides

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