Price for Sodium Sulphates; Disodium Sulphate in Ghana - 2023
Contents:
- Price for Sodium Sulphates; Disodium Sulphate in Ghana (CIF) - 2022
- Price for Sodium Sulphates; Disodium Sulphate in Ghana (FOB) - 2022
- Imports of Sodium Sulphates; Disodium Sulphate in Ghana
- Exports of Sodium Sulphates; Disodium Sulphate in Ghana
Price for Sodium Sulphates; Disodium Sulphate in Ghana (CIF) - 2022
The average sodium sulphates; disodium sulphate import price stood at $125 per ton in 2022, with an increase of 2.5% against the previous year. In general, the import price, however, recorded a slight decrease. The pace of growth appeared the most rapid in 2021 an increase of 59% against the previous year. Over the period under review, average import prices hit record highs at $224 per ton in 2016; however, from 2017 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 India ($177 per ton), while the price for China ($47 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.2%), while the prices for the other major suppliers experienced a decline.
Price for Sodium Sulphates; Disodium Sulphate in Ghana (FOB) - 2022
In 2022, the average sodium sulphates; disodium sulphate export price amounted to $509 per ton, with an increase of 2.8% against the previous year. Over the period under review, the export price recorded a modest increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 643% against the previous year. As a result, the export price reached the peak level of $6,793 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Burkina Faso.
From 2012 to 2022, the rate of growth in terms of prices for Togo amounted to +22.3% per year.
Imports of Sodium Sulphates; Disodium Sulphate in Ghana
In 2022, sodium sulphates; disodium sulphate imports into Ghana fell markedly to 984 tons, with a decrease of -26.5% on the previous year's figure. In general, imports faced a dramatic contraction. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year.
In value terms, sodium sulphates; disodium sulphate imports contracted notably to $123K in 2022. Over the period under review, imports recorded a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year.
Import of Sodium Sulphates; Disodium Sulphate in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 7.4 | 11.4 | 90.6 | 97.8 | 136.4% |
India | 9.7 | 22.5 | 53.8 | 20.1 | 27.5% |
China | 213 | 35.1 | 8.3 | 3.3 | -75.1% |
South Korea | 5.7 | 3.9 | 5.3 | 1.8 | -31.9% |
Belgium | 11.9 | N/A | N/A | N/A | 0% |
Tanzania | N/A | 9.4 | N/A | N/A | 0% |
Others | 0.5 | 0.6 | 5.5 | 0.3 | -15.7% |
Total | 248 | 82.9 | 164 | 123 | -20.8% |
Top Suppliers of Sodium Sulphates; Disodium Sulphate to Ghana in 2022:
- Spain (765.9 tons)
- India (113.3 tons)
- China (70.3 tons)
- South Korea (34.1 tons)
Exports of Sodium Sulphates; Disodium Sulphate in Ghana
In 2022, overseas shipments of sodium sulphates; disodium sulphates increased by 406% to 27 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a precipitous decrease.
In value terms, sodium sulphates; disodium sulphate exports surged to $14K in 2022. Overall, exports, however, showed a dramatic downturn.
Export of Sodium Sulphates; Disodium Sulphate in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Burkina Faso | 119 | 6.7 | 1.9 | 13.9 | -51.1% |
Togo | N/A | 17.5 | N/A | N/A | 0% |
Others | N/A | 1.0 | 0.8 | N/A | -20.0% |
Total | 119 | 25.2 | 2.7 | 13.9 | -51.1% |
Top Export Markets for Sodium Sulphates; Disodium Sulphate from Ghana in 2022:
- Burkina Faso (27.4 tons)
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