Salts; Molybdates Price in Ghana - 2023
Contents:
Salts; Molybdates Price in Ghana (CIF) - 2022
In 2022, the average salts; molybdates import price amounted to $20,609 per ton, increasing by 14% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salts; molybdates import price increased by +25.7% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 51%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady 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 ($215,000 per ton), while the price for France ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Salts; Molybdates Imports in Ghana
In 2022, supplies from abroad of salts; molybdateses increased by 19% to 64 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a sharp decline.
In value terms, salts; molybdates imports skyrocketed to $1.3K in 2022. Over the period under review, imports, however, showed a significant contraction.
| Import of Salts; Molybdates in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4,354 | 1,299 | 768 | 1,045 | -37.9% |
| South Africa | 894 | 267 | 158 | 215 | -37.8% |
| Netherlands | 605 | 44.0 | 32.0 | 49.0 | -56.7% |
| United Kingdom | 38.0 | 8.0 | 4.0 | 4.0 | -52.8% |
| Germany | 23.0 | 6.0 | 3.0 | 3.0 | -49.3% |
| India | 142 | 31.0 | 13.0 | 2.0 | -75.9% |
| France | 5.0 | 1.0 | 1.0 | 1.0 | -41.5% |
| Others | 12.0 | N/A | N/A | N/A | 0% |
| Total | 6,073 | 1,656 | 979 | 1,319 | -39.9% |
Top Suppliers of Salts; Molybdates to Ghana in 2022:
- China (57.0 kg)
- Netherlands (2.0 kg)
- South Africa (1.0 kg)
- India (1.0 kg)
- France (1.0 kg)
- United Kingdom (1.0 kg)
- Germany (1.0 kg)
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