Ghana: Unsaturated Monohydric Alcohols Market 2024

Unsaturated Monohydric Alcohols Market Size in Ghana

The Ghanian unsaturated monohydric alcohols market stood at $X in 2022, rising by X% against the previous year. In general, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Unsaturated Monohydric Alcohols Production in Ghana

In value terms, unsaturated monohydric alcohols production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by X%. Unsaturated monohydric alcohols production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Unsaturated Monohydric Alcohols Exports

Exports from Ghana

In 2018, after two years of decline, there was decline in shipments abroad of unsaturated monohydric alcohols, when their volume decreased by X% to X kg. In general, exports showed a sharp decrease. The smallest decline of X% was in 2016. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2018, the exports remained at a lower figure.

In value terms, unsaturated monohydric alcohols exports totaled $X in 2018. Overall, exports recorded a sharp contraction. The smallest decline of X% was in 2016. The exports peaked at $X in 2012; however, from 2013 to 2018, the exports remained at a lower figure.

Exports by Country

South Africa (X kg) was the main destination for unsaturated monohydric alcohols exports from Ghana, accounting for a approx. X% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to South Africa was relatively modest.

From 2012 to 2018, the average annual rate of growth in terms of value to South Africa was relatively modest.

Export Prices by Country

In 2018, the average unsaturated monohydric alcohols export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price showed a strong increase. The most prominent rate of growth was recorded in 2016 a decrease of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2018 and is expected to retain growth in years to come.

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

From 2012 to 2018, the rate of growth in terms of prices for Cote d'Ivoire amounted to X% per year.

Unsaturated Monohydric Alcohols Imports

Imports into Ghana

In 2022, approx. X tons of unsaturated monohydric alcohols were imported into Ghana; with a decrease of X% compared with the previous year's figure. In general, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, unsaturated monohydric alcohols imports amounted to $X in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of unsaturated monohydric alcohols to Ghana, accounting for a X% share of total imports. Moreover, unsaturated monohydric alcohols imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X kg), fivefold. The third position in this ranking was held by China (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and China (X% per year).

In value terms, the United States ($X) constituted the largest supplier of unsaturated monohydric alcohols to Ghana, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and China (X% per year).

Import Prices by Country

The average unsaturated monohydric alcohols import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unsaturated monohydric alcohols import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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