Ghana - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndustrial Stearic Acid Price in Ghana - 2022
Contents:
- Industrial Stearic Acid Price in Ghana (CIF) - 2022
- Industrial Stearic Acid Price in Ghana (FOB) - 2022
- Industrial Stearic Acid Imports in Ghana
- Industrial Stearic Acid Exports in Ghana
Industrial Stearic Acid Price in Ghana (CIF) - 2022
In 2022, the average industrial stearic acid import price amounted to $1,232 per ton, declining by -14% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 45%. As a result, import price reached the peak level of $1,433 per ton, and then reduced in the following year.
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 Belgium ($3,427 per ton), while the price for China ($676 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Industrial Stearic Acid Price in Ghana (FOB) - 2022
In 2021, the average industrial stearic acid export price amounted to $588 per ton, approximately reflecting the previous year. In general, the export price, however, showed a pronounced descent. The growth pace was the most rapid in 2016 when the average export price increased by 47% against the previous year. The export price peaked at $1,267 per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2015 to 2021, the rate of growth in terms of prices for Burkina Faso amounted to +36.2% per year.
Industrial Stearic Acid Imports in Ghana
In 2022, purchases abroad of industrial stearic acid decreased by -3.1% to 642 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 169% against the previous year.
In value terms, industrial stearic acid imports contracted sharply to $791K in 2022. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 194%.
Import of Industrial Stearic Acid in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 88.8 | 371 | 121 | 152 | 19.6% |
Indonesia | 77.5 | 211 | 315 | 134 | 20.0% |
Senegal | 1.2 | 3.1 | 7.3 | 75.2 | 297.2% |
Netherlands | 13.1 | 17.6 | 23.1 | 62.3 | 68.2% |
Germany | 1.9 | 3.2 | 5.0 | 23.0 | 129.6% |
United Kingdom | 9.3 | 9.6 | 8.6 | 9.8 | 1.8% |
China | 1.8 | 1.9 | 1.8 | 3.9 | 29.4% |
Others | 21.9 | 15.7 | 467 | 331 | 147.2% |
Total | 215 | 632 | 949 | 791 | 54.4% |
Top Suppliers of Industrial Stearic Acid to Ghana in 2022:
- Malaysia (159.9 tons)
- Indonesia (92.1 tons)
- Senegal (50.2 tons)
- Netherlands (43.5 tons)
- Germany (7.9 tons)
- United Kingdom (6.7 tons)
- China (5.8 tons)
Industrial Stearic Acid Exports in Ghana
In 2021, approx. 141 tons of industrial stearic acid were exported from Ghana; growing by 24% on 2020 figures. Over the period under review, exports, however, faced a significant decrease.
In value terms, industrial stearic acid exports skyrocketed to $83K in 2021. Overall, exports, however, recorded a precipitous descent.
Export of Industrial Stearic Acid in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Canada | N/A | N/A | 83.2 | 0% | |
Niger | 45.2 | N/A | N/A | 0% | |
Nigeria | 183 | N/A | N/A | 0% | |
Senegal | N/A | 66.6 | N/A | 0% | |
Others | N/A | N/A | N/A | 0% | |
Total | 228 | 66.6 | 83.2 | -39.6% |
Top Export Markets for Industrial Stearic Acid from Ghana in 2022:
- Canada (141.4 tons)
This report provides an in-depth analysis of the industrial stearic 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 20143120 - Industrial stearic acid
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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