Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Ghana - 2022

Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Ghana (CIF) - 2022

In 2022, the average import price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses amounted to $1,551 per ton, rising by 64% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses increased by +101.2% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($4,580 per ton), while the price for the United States ($985 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Ghana

Imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses into Ghana was estimated at 648 tons in 2022, surging by 3.5% compared with the year before. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 72% against the previous year. As a result, imports reached the peak of 699 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses skyrocketed to $1M in 2022. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Ghana (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	121	302	348	621	72.5%
United States	2.2	185	132	227	369.0%
South Africa	51.2	11.0	44.3	74.8	13.5%
Belgium	56.2	27.3	58.1	47.0	-5.8%
India	65.1	0.3	1.4	7.5	-51.3%
Egypt	20.3	N/A	N/A	N/A	0%
Others	43.1	13.4	9.3	26.5	-15.0%
Total	359	539	592	1,004	40.9%