Ghana: Compound Plasticisers Market 2022

Compound Plasticisers Market Size in Ghana

In 2021, after four years of growth, there was decline in the Ghanian compound plasticisers market, when its value decreased by -X% to $X. Overall, the total consumption indicated a mild expansion from 2012 to 2021: its value 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, consumption increased by +X% against 2016 indices. Compound plasticisers consumption peaked at $X in 2020, and then declined modestly in the following year.

Compound Plasticisers Production in Ghana

In value terms, compound plasticisers production contracted to $X in 2021 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Compound plasticisers production peaked at $X in 2020, and then declined modestly in the following year.

Compound Plasticisers Exports

Exports from Ghana

In 2021, the amount of compound plasticisers for rubber or plastics exported from Ghana contracted to X tons, which is down by -X% on 2020 figures. In general, exports, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, compound plasticisers exports fell to $X in 2021. Over the period under review, exports, however, recorded perceptible growth. The pace of growth was the most pronounced 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 lower figure.

Exports by Country

Mali (X tons) was the main destination for compound plasticisers exports from Ghana, accounting for a X% share of total exports. Moreover, compound plasticisers exports to Mali exceeded the volume sent to the second major destination, Burkina Faso (X kg), sixfold.

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

In value terms, Burkina Faso ($X) remains the key foreign market for compound plasticisers exports from Ghana, comprising X% of total exports. The second position in the ranking was held by Mali ($X), with a X% share of total exports.

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

Export Prices by Country

In 2021, the average compound plasticisers export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price enjoyed a slight expansion. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Mali ($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 Cote d'Ivoire (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Compound Plasticisers Imports

Imports into Ghana

In 2021, the amount of compound plasticisers for rubber or plastics imported into Ghana fell to X tons, which is down by -X% compared with the year before. Over the period under review, imports, however, showed a strong increase. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2020, and then dropped in the following year.

In value terms, compound plasticisers imports shrank rapidly to $X in 2021. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2020, and then dropped sharply in the following year.

Imports by Country

Malaysia (X tons), Turkey (X tons) and China (X tons) were the main suppliers of compound plasticisers imports to Ghana, with a combined X% share of total imports. Germany, Austria, India and the United States lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Austria (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest compound plasticisers suppliers to Ghana were Malaysia ($X), China ($X) and Germany ($X), together comprising X% of total imports.

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

Import Prices by Country

The average compound plasticisers import price stood at $X per ton in 2021, waning by -X% against the previous year. Over the period under review, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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