Report Update Nov 1, 2024

Ghana - Triethanolamine and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Triethanolamine Market 2024

Triethanolamine Market Size in Ghana

In 2021, after seven years of growth, there was significant decline in the Ghanian triethanolamine market, when its value decreased by -5.5% to $X. Overall, consumption, however, showed buoyant growth. Triethanolamine consumption peaked at $X in 2020, and then declined in the following year.

Triethanolamine Production in Ghana

In value terms, triethanolamine production fell to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 31%. Over the period under review, production attained the peak level at $X in 2020, and then declined in the following year.

Triethanolamine Exports

Exports from Ghana

In 2013, triethanolamine exports from Ghana skyrocketed to X tons, picking up by 681% against 2012 figures. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, triethanolamine exports surged to $X in 2013. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X tons) was the main destination for triethanolamine exports from Ghana, with a approx. 100% share of total exports.

From 2012 to 2013, the average annual growth rate of volume to Nigeria was relatively modest.

In value terms, Nigeria ($X) emerged as the key foreign market for triethanolamine and its salts exports from Ghana.

From 2012 to 2013, the average annual rate of growth in terms of value to Nigeria was relatively modest.

Export Prices by Country

In 2013, the average triethanolamine export price amounted to $X per ton, shrinking by -25.9% against the previous year. In general, the export price recorded a dramatic slump. The export price peaked at $X per ton in 2012, and then declined dramatically in the following year.

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

From 2012 to 2013, the rate of growth in terms of prices for Equatorial Guinea amounted to 0.0% per year.

Triethanolamine Imports

Imports into Ghana

Triethanolamine imports into Ghana rose rapidly to X tons in 2021, with an increase of 13% on 2020. In general, imports enjoyed a pronounced expansion. The pace of growth appeared the most rapid in 2014 with an increase of 111% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, triethanolamine imports reached $X in 2021. Overall, imports showed a modest expansion. The pace of growth was the most pronounced in 2016 with an increase of 91%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest triethanolamine supplier to Ghana, with a 85% share of total imports. Moreover, triethanolamine imports from Belgium exceeded the figures recorded by the second-largest supplier, Cote d'Ivoire (X tons), ninefold. Senegal (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+8.9% per year) and Senegal (+6.3% per year).

In value terms, Belgium ($X) constituted the largest supplier of triethanolamine and its salts to Ghana, comprising 71% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 15% share of total imports. It was followed by Germany, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium amounted to +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+9.3% per year) and Germany (-5.0% per year).

Import Prices by Country

The average triethanolamine import price stood at $X per ton in 2021, reducing by -3.4% against the previous year. Over the period under review, the import price showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 20% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.5%), 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 triethanolamine and its salts in the world?

The countries with the highest volumes of triethanolamine consumption in 2020 were China, the United States and India, together accounting for 45% of global consumption. These countries were followed by Pakistan, Japan, Germany, Brazil, Russia, France, the UK, Mexico, Iran and Italy, which together accounted for a further 33%.

What are the largest producers of triethanolamine and its salts in the world?

The countries with the highest volumes of triethanolamine production in 2020 were China, the United States and India, together accounting for 45% of global production. Pakistan, Japan, Germany, Brazil, Russia, France, the UK, Mexico, Iran and Italy lagged somewhat behind, together accounting for a further 33%.

What are the leading suppliers of triethanolamine and its salts to Ghana?

In value terms, Belgium, the Netherlands and Cote d'Ivoire were the largest triethanolamine suppliers to Ghana, with a combined 96% share of total imports. These countries were followed by Senegal, which accounted for a further 1.7%.

What is the average export price for triethanolamine and its salts in Ghana?

In 2013, the average triethanolamine export price amounted to $4,263 per ton, falling by -30.5% against the previous year.

What is the average import price for triethanolamine and its salts in Ghana?

The average triethanolamine import price stood at $2,179 per ton in 2020, standing approx. at the previous year.

This report provides an in-depth analysis of the triethanolamine 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 20144237 - Triethanolamine and its salts

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