Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Ghana - 2022
Contents:
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Ghana (CIF) - 2022
- Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Ghana (FOB) - 2022
- Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Ghana
- Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Ghana
Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Ghana (CIF) - 2022
In 2022, the average import price for polymers of propylene or of other olefins, in primary formses amounted to $1,211 per ton, waning by -16.6% against the previous year. Over the period under review, the import price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 49% against the previous year. The import price peaked at $1,636 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($1,238 per ton), while the price for Oman stood at $1,195 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-2.3%), while the prices for the other major suppliers experienced a decline.
Price for Polymers of Propylene or of Other Olefins, in Primary Forms in Ghana (FOB) - 2022
The average export price for polymers of propylene or of other olefins, in primary formses stood at $661 per ton in 2022, with a decrease of -9.1% against the previous year. Over the period under review, the export price showed a deep setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 57% against the previous year. The export price peaked at $1,267 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
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 the United States ($1,276 per ton), while the average price for exports to Germany ($378 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 Togo (+28.9%), while the prices for the other major destinations experienced a decline.
Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in Ghana
In 2022, approx. 56K tons of polymers of propylene or of other olefins, in primary formses were imported into Ghana; leveling off at 2021. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year. As a result, imports attained the peak of 56K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of polymers of propylene or of other olefins, in primary formses reduced rapidly to $67M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +6.5% 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 increased by +24.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49%. As a result, imports reached the peak of $81M, and then contracted notably in the following year.
| Import of Polymers of Propylene or of Other Olefins, in Primary Forms in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 0.9 | 27.6 | 49.9 | 42.6 | 261.7% |
| United Arab Emirates | 0.6 | 26.6 | 30.6 | 24.8 | 245.8% |
| South Korea | 11.3 | N/A | N/A | N/A | 0% |
| South Africa | 10.6 | N/A | N/A | N/A | 0% |
| Saudi Arabia | 21.3 | N/A | N/A | N/A | 0% |
| Others | 11.1 | N/A | N/A | N/A | 0% |
| Total | 55.8 | 54.1 | 80.5 | 67.3 | 6.4% |
Top Suppliers of Polymers of Propylene or of Other Olefins, in Primary Forms to Ghana in 2022:
- Oman (35.6K tons)
- United Arab Emirates (20.0K tons)
Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in Ghana
In 2022, shipments abroad of polymers of propylene or of other olefins, in primary formses decreased by -22.2% to 371 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 251%.
In value terms, exports of polymers of propylene or of other olefins, in primary formses dropped markedly to $245K in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 247%.
| Export of Polymers of Propylene or of Other Olefins, in Primary Forms in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | 296 | 134 | -54.7% |
| Senegal | N/A | N/A | 27.8 | 72.8 | 161.9% |
| United States | N/A | N/A | N/A | 18.4 | 0% |
| Belgium | N/A | N/A | N/A | 8.4 | 0% |
| Germany | N/A | N/A | N/A | 7.8 | 0% |
| Burkina Faso | 8.3 | 91.3 | 22.5 | 3.6 | -24.3% |
| Togo | 32.9 | 52.6 | N/A | N/A | 59.9% |
| Others | 0.3 | N/A | N/A | 0.1 | -30.7% |
| Total | 41.5 | 144 | 346 | 245 | 80.7% |
Top Export Markets for Polymers of Propylene or of Other Olefins, in Primary Forms from Ghana in 2022:
- Spain (221.4 tons)
- Senegal (92.0 tons)
- Germany (20.7 tons)
- Belgium (15.8 tons)
- United States (14.4 tons)
- Burkina Faso (6.1 tons)
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This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
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This report provides an in-depth analysis of the market for polypropylene in primary forms in Ghana.
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This report provides an in-depth analysis of the market for polyolefins other than polypropylene in Ghana.
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This report provides an in-depth analysis of the global market for polypropylene in primary forms.
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This report provides an in-depth analysis of the global market for polyolefins other than polypropylene.
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Polypropylene is a versatile thermoplastic polymer with excellent chemical resistance, low density, and high tensile strength. The global demand for polypropylene in primary forms has been steadily growing. China is the leading importer with an import value of $3.6 billion in 2022, driven by rapid industrialization and economic growth. Turkey follows closely as the second-largest import market with an import value of $2.9 billion, supported by a thriving plastics industry. Germany and Italy are prominent import giants in Europe, with import values of $1.7 billion each, driven by advanced manufacturing capabilities. Mexico is a significant importer with an import value of $1.3 billion, fueled by the expanding automotive sector. India showcases strong demand with an import value of $1.3 billion, driven by population growth and urbanization. Vietnam, Indonesia, Belgium, and Poland are emerging players in the import market. Market intelligence platforms like IndexBox provide comprehensive data and insights for informed decision-making.
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