Ghana: Carbides Market 2022

Carbides Market Size in Ghana

For the third consecutive year, the Ghanian carbides market recorded decline in sales value, which decreased by -X% to $X in 2021. In general, consumption faced a deep reduction. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Carbides Exports

Exports from Ghana

In 2021, shipments abroad of carbides decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a perceptible contraction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, carbides exports stood at $X in 2021. Overall, exports saw a perceptible shrinkage. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for carbides exports from Ghana, with a X% share of total exports. Moreover, carbides exports to Burkina Faso exceeded the volume sent to the second major destination, Togo (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Burkina Faso totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (-X% per year) and Cote d'Ivoire (-X% per year).

In value terms, the largest markets for carbides exported from Ghana were Togo ($X), Burkina Faso ($X) and Cote d'Ivoire ($X), together comprising X% of total exports.

Togo, with a CAGR of +X%, 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 carbides export price stood at $X per ton in 2021, growing by X% against the previous year. Overall, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, carbides export price increased by +X% against 2019 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

Prices varied noticeably by the country of destination: the country with the highest price was Togo ($X per ton), while the average price for exports to Burkina Faso ($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 Togo (+X%), while the prices for the other major destinations experienced a decline.

Carbides Imports

Imports into Ghana

Carbides imports into Ghana dropped dramatically to X tons in 2021, with a decrease of -X% compared with the previous year's figure. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth imports remained at a lower figure.

In value terms, carbides imports shrank remarkably to $X in 2021. Overall, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest carbides supplier to Ghana, with a X% share of total imports. Moreover, carbides imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. Slovakia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Slovakia (+X% per year).

In value terms, China ($X) constituted the largest supplier of carbides to Ghana, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Slovakia, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Slovakia (-X% per year).

Import Prices by Country

The average carbides import price stood at $X per ton in 2021, increasing by X% against the previous year. Overall, the import price, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform