Price for Fertilizers; Mineral or Chemical, Nitrogenous in Ghana - 2022
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Ghana (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Ghana (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Ghana
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Ghana
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Ghana (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $304 per ton, rising by 13% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 24%. As a result, import price attained the peak level of $446 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($388 per ton), while the price for China ($90 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Ghana (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $737 per ton in 2022, rising by 52% against the previous year. In general, the export price saw a moderate increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sierra Leone ($1,063 per ton), while the average price for exports to Burkina Faso ($185 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Ghana
In 2022, fertilizers; mineral or chemical, nitrogenous imports into Ghana shrank rapidly to 197K tons, which is down by -24.9% compared with the previous year's figure. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, imports reached the peak of 262K tons, and then declined markedly in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous imports declined remarkably to $60M in 2022. Over the period under review, imports showed a perceptible curtailment. The growth pace was the most rapid in 2021 when imports increased by 44% against the previous year. As a result, imports attained the peak of $71M, and then fell significantly in the following year.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 26.0 | 15.2 | 25.5 | 11.3 | -24.3% |
| Georgia | N/A | N/A | N/A | 6.4 | 0% |
| Sweden | 7.9 | 2.4 | 4.7 | 4.5 | -17.1% |
| Lithuania | 3.5 | 3.6 | 5.2 | 4.3 | 7.1% |
| Finland | 6.8 | 4.8 | 4.7 | 2.0 | -33.5% |
| Bulgaria | N/A | N/A | N/A | 2.0 | 0% |
| China | 2.8 | 1.7 | 3.9 | 1.6 | -17.0% |
| Ukraine | 0.9 | 3.2 | 3.4 | 1.5 | 18.6% |
| Netherlands | 1.5 | 1.7 | 3.0 | 1.3 | -4.7% |
| Libya | 3.2 | 2.4 | 2.5 | 1.1 | -29.9% |
| Poland | 0.7 | 0.7 | 1.3 | 1.1 | 16.3% |
| Turkey | 1.4 | 1.2 | 1.6 | 0.8 | -17.0% |
| Nigeria | 2.7 | 1.0 | 0.5 | 0.1 | -66.7% |
| Others | 12.1 | 11.2 | 14.4 | 21.9 | 21.9% |
| Total | 69.6 | 49.1 | 70.6 | 59.9 | -4.9% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Ghana in 2022:
- Russia (49.9K tons)
- Georgia (23.8K tons)
- China (17.8K tons)
- Sweden (12.6K tons)
- Lithuania (11.1K tons)
- Netherlands (10.4K tons)
- Ukraine (9.9K tons)
- Libya (6.2K tons)
- Finland (5.5K tons)
- Bulgaria (5.5K tons)
- Poland (2.9K tons)
- Turkey (2.8K tons)
- Nigeria (0.3K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Ghana
In 2022, approx. 2.6K tons of fertilizers; mineral or chemical, nitrogenoi were exported from Ghana; waning by -49.5% on the previous year. Over the period under review, exports showed a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 138%. As a result, the exports reached the peak of 5.1K tons, and then contracted rapidly in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous exports shrank significantly to $1.9M in 2022. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 89% against the previous year.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sierra Leone | 1,323 | 786 | 1,313 | 918 | -11.5% |
| Mauritania | N/A | N/A | N/A | 479 | 0% |
| Senegal | 59.4 | 48.4 | 111 | 175 | 43.4% |
| Burkina Faso | 1,098 | 164 | 625 | 116 | -52.7% |
| Guinea | 241 | 118 | 162 | 93.2 | -27.1% |
| Mali | 136 | 76.1 | 120 | 79.2 | -16.5% |
| Niger | 63.6 | 72.4 | 94.0 | 2.5 | -66.0% |
| Others | 78.7 | 56.5 | 69.6 | 44.6 | -17.2% |
| Total | 2,999 | 1,321 | 2,495 | 1,908 | -14.0% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Ghana in 2022:
- Sierra Leone (863.8 tons)
- Burkina Faso (625.2 tons)
- Mauritania (601.4 tons)
- Senegal (182.3 tons)
- Guinea (130.8 tons)
- Mali (130.7 tons)
- Niger (3.9 tons)
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