Ghana: Market for Calcium Ammonium Nitrate (CAN) 2024

Market Size for Calcium Ammonium Nitrate (CAN) in Ghana

The Ghanian calcium ammonium nitrate (CAN) market rose rapidly to $X in 2023, increasing by X% against the previous year. In general, the total consumption indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Calcium ammonium nitrate (CAN) consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Calcium Ammonium Nitrate (CAN) in Ghana

In value terms, calcium ammonium nitrate (CAN) production rose remarkably to $X in 2023 estimated in export price. Over the period under review, production enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Calcium Ammonium Nitrate (CAN)

Exports from Ghana

In 2023, shipments abroad of calcium ammonium nitrate (CAN) was finally on the rise to reach X tons after seven years of decline. In general, exports, however, recorded a dramatic decline. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, calcium ammonium nitrate (CAN) exports declined to $X in 2023. Overall, exports, however, faced a dramatic curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Togo (X tons) was the main destination for calcium ammonium nitrate (CAN) exports from Ghana, with a approx. X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to Togo totaled X%.

In value terms, Togo ($X) also remains the key foreign market for calcium ammonium nitrate (CAN) exports from Ghana.

From 2012 to 2023, the average annual growth rate of value to Togo amounted to X%.

Export Prices by Country

In 2023, the average calcium ammonium nitrate (CAN) export price amounted to $X per ton, shrinking by X% against the previous year. Overall, export price indicated temperate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, calcium ammonium nitrate (CAN) export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2022, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for Togo.

From 2012 to 2023, the rate of growth in terms of prices for Togo amounted to X% per year.

Imports of Calcium Ammonium Nitrate (CAN)

Imports into Ghana

In 2023, the amount of calcium ammonium nitrate (CAN) imported into Ghana soared to X tons, picking up by X% compared with the previous year's figure. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, calcium ammonium nitrate (CAN) imports contracted dramatically to $X in 2023. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2023, Russia (X tons) constituted the largest calcium ammonium nitrate (CAN) supplier to Ghana, accounting for a X% share of total imports. Moreover, calcium ammonium nitrate (CAN) imports from Russia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. The third position in this ranking was taken by Belgium (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Belgium (X% per year).

In value terms, the largest calcium ammonium nitrate (CAN) suppliers to Ghana were Russia ($X), Belgium ($X) and the Netherlands ($X), with a combined X% share of total imports.

Among the main suppliers, Russia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average calcium ammonium nitrate (CAN) import price stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the import price showed a slight downturn. The growth pace was the most rapid in 2022 an increase of X%. As a result, import price attained the peak level of $X per ton, and then shrank significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform