Ghana: Calcium Carbonate Market 2023

Calcium Carbonate Market Size in Ghana

The Ghanian calcium carbonate market surged to $X in 2021, growing by 74% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed buoyant growth. Calcium carbonate consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Calcium Carbonate Exports

Exports from Ghana

In 2021, shipments abroad of calcium carbonate was finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 100%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, calcium carbonate exports skyrocketed to $X in 2021. In general, exports, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 99% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons), Senegal (X tons) and Cote d'Ivoire (X tons) were the main destinations of calcium carbonate exports from Ghana, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Burkina Faso (with a CAGR of +20.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Senegal ($X), Burkina Faso ($X) and Cote d'Ivoire ($X) constituted the largest markets for calcium carbonate exported from Ghana worldwide, with a combined 97% share of total exports.

Burkina Faso, with a CAGR of +34.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average calcium carbonate export price stood at $X per ton in 2021, remaining stable against the previous year. Overall, the export price posted a notable expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 52% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while the average price for exports to Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Liberia (+188.0%), while the prices for the other major destinations experienced more modest paces of growth.

Calcium Carbonate Imports

Imports into Ghana

In 2021, imports of calcium carbonate into Ghana soared to X tons, with an increase of 77% against the previous year's figure. Overall, imports enjoyed a buoyant expansion. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, calcium carbonate imports soared to $X in 2021. Over the period under review, imports recorded resilient growth. The growth pace was the most rapid in 2015 with an increase of 102%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Tunisia (X tons), Egypt (X tons) and China (X tons) were the main suppliers of calcium carbonate imports to Ghana, together comprising 57% of total imports. These countries were followed by Malaysia, South Africa, Brazil, Belgium, Italy, France and Spain, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +36.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest calcium carbonate suppliers to Ghana were Egypt ($X), China ($X) and Tunisia ($X), with a combined 65% share of total imports. Malaysia, South Africa, Brazil, Belgium, Italy, France and Spain lagged somewhat behind, together comprising a further 20%.

Among the main suppliers, South Africa, with a CAGR of +46.3%, saw the highest rates of growth with regard to 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

In 2021, the average calcium carbonate import price amounted to $X per ton, with a decrease of -2.9% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, calcium carbonate import price increased by +106.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 113%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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