Ghana - Sodium Carbonate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSodium Carbonate Price in Ghana - 2022
Contents:
- Sodium Carbonate Price in Ghana (CIF) - 2022
- Sodium Carbonate Price in Ghana (FOB) - 2022
- Sodium Carbonate Imports in Ghana
- Sodium Carbonate Exports in Ghana
Sodium Carbonate Price in Ghana (CIF) - 2022
In 2022, the average sodium carbonate import price amounted to $308 per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 58% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
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 China ($3,309 per ton), while the price for Israel ($29 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+29.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Sodium Carbonate Price in Ghana (FOB) - 2022
The average sodium carbonate export price stood at $1,477 per ton in 2022, growing by 32% against the previous year. Over the period under review, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 61% against the previous year. As a result, the export price attained the peak level of $1,541 per ton; afterwards, it flattened through to 2022.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($1,575 per ton), while the average price for exports to Burkina Faso stood at $1,104 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+8.0%).
Sodium Carbonate Imports in Ghana
In 2022, the amount of sodium carbonate imported into Ghana expanded rapidly to 4.6K tons, surging by 12% compared with 2021 figures. Over the period under review, total imports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +3.4% 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 -21.9% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 42% against the previous year. As a result, imports attained the peak of 5.9K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, sodium carbonate imports rose markedly to $1.4M in 2022. The total import value increased at an average annual rate of +8.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sodium Carbonate in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 615 | 548 | 508 | 629 | 0.8% |
| China | 79.3 | 118 | 272 | 316 | 58.5% |
| Russia | 33.4 | 141 | 213 | 239 | 92.7% |
| Poland | 70.2 | 67.7 | 67.9 | 91.0 | 9.0% |
| Belgium | 92.4 | 57.6 | 37.4 | 25.2 | -35.2% |
| India | 29.4 | 41.8 | 19.7 | 23.9 | -6.7% |
| Turkey | 55.6 | 55.5 | 19.5 | 23.6 | -24.8% |
| Israel | 18.3 | 12.1 | 8.3 | 7.6 | -25.4% |
| Others | 131 | 96.7 | 107 | 70.3 | -18.7% |
| Total | 1,124 | 1,138 | 1,254 | 1,425 | 8.2% |
Top Suppliers of Sodium Carbonate to Ghana in 2022:
- Romania (2297.6 tons)
- Russia (1235.4 tons)
- Poland (298.6 tons)
- Israel (263.9 tons)
- Turkey (143.1 tons)
- China (95.4 tons)
- India (73.3 tons)
- Belgium (64.0 tons)
Sodium Carbonate Exports in Ghana
For the third year in a row, Ghana recorded decline in shipments abroad of sodium carbonate, which decreased by -29.3% to 683 kg in 2022. Overall, exports recorded a dramatic slump. The smallest decline of -19.6% was in 2020.
In value terms, sodium carbonate exports declined to $1K in 2022. Over the period under review, exports faced a dramatic decline.
| Export of Sodium Carbonate in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | N/A | N/A | N/A | 0.9 | 0% |
| Burkina Faso | 2.0 | 1.3 | 0.8 | 0.1 | -63.2% |
| Mozambique | 4.6 | N/A | N/A | N/A | 0% |
| Angola | N/A | 9.2 | N/A | N/A | 0% |
| Mauritania | 7.8 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.3 | N/A | 0% |
| Total | 14.3 | 10.6 | 1.1 | 1.0 | -58.8% |
Top Export Markets for Sodium Carbonate from Ghana in 2022:
- Cote d'Ivoire (544.0 kg)
- Burkina Faso (135.0 kg)
This report provides an in-depth analysis of the sodium carbonate market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20134310 - Disodium carbonate
Country coverage:
- Ghana
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ghana
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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