Report Update May 1, 2024

Ghana - Isoprene Rubber (IR) in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Market for Isoprene Rubber (IR) in Primary Forms 2024

Market Size for Isoprene Rubber (IR) in Primary Forms in Ghana

In 2022, the Ghanian market for isoprene rubber (IR) in primary forms increased by X% to $X, rising for the fourth consecutive year after six years of decline. Overall, consumption, however, saw a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Isoprene Rubber (IR) in Primary Forms in Ghana

In value terms, production of isoprene rubber (IR) in primary forms rose to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports from Ghana

In 2022, overseas shipments of isoprene rubber (IR) in primary forms decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of isoprene rubber (IR) in primary forms rose modestly to $X in 2022. In general, exports, however, posted a measured increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for exports of isoprene rubber (IR) in primary forms from Ghana, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Burkina Faso amounted to X%.

In value terms, Burkina Faso ($X) also remains the key foreign market for isoprene rubber (IR) in primary forms exports from Ghana.

From 2012 to 2022, the average annual rate of growth in terms of value to Burkina Faso stood at X%.

Export Prices by Country

The average export price for isoprene rubber (IR) in primary forms stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, saw a deep downturn. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Burkina Faso amounted to X% per year.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports into Ghana

Imports of isoprene rubber (IR) in primary forms into Ghana fell notably to X kg in 2022, declining by X% against 2021. Overall, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X kg in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of isoprene rubber (IR) in primary forms skyrocketed to $X in 2022. Over the period under review, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Belgium (X kg) constituted the largest isoprene rubber (IR) in primary form supplier to Ghana, with a X% share of total imports. Moreover, imports of isoprene rubber (IR) in primary forms from Belgium exceeded the figures recorded by the second-largest supplier, South Africa (X kg), twofold. The third position in this ranking was taken by Germany (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Germany (X% per year).

In value terms, the largest isoprene rubber (IR) in primary form suppliers to Ghana were South Africa ($X), Germany ($X) and Belgium ($X), with a combined X% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of X%, recorded 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 2022, the average import price for isoprene rubber (IR) in primary forms amounted to $X per ton, surging by X% against the previous year. Overall, the import price enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 South Africa ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for isoprene rubber (ir) in primary forms in the world?

The countries with the highest volumes of consumption in 2023 were Germany, Taiwan Chinese) and China, with a combined 23% share of global consumption. The United States, Turkey, Romania, Malaysia, Poland, the Netherlands, Thailand, Sri Lanka, Spain and Japan lagged somewhat behind, together accounting for a further 42%.

What are the largest producers of isoprene rubber (ir) in primary forms in the world?

The country with the largest volume of production of isoprene rubber IR) in primary forms was Russia, comprising approx. 54% of total volume. Moreover, production of isoprene rubber IR) in primary forms in Russia exceeded the figures recorded by the second-largest producer, Japan, fourfold. Germany ranked third in terms of total production with an 11% share.

What are the leading suppliers of isoprene rubber (ir) in primary forms to Ghana?

In value terms, South Africa, Germany and Belgium $80) appeared to be the largest isoprene rubber IR) in primary form suppliers to Ghana, together accounting for 99% of total imports.

What are the leading importers of isoprene rubber (ir) in primary forms from Ghana?

In value terms, Burkina Faso remains the key foreign market for isoprene rubber IR) in primary forms exports from Ghana.

What is the average export price for isoprene rubber (ir) in primary forms in Ghana?

The average export price for isoprene rubber IR) in primary forms stood at $8,172 per ton in 2022, with an increase of 26% against the previous year.

What is the average import price for isoprene rubber (ir) in primary forms in Ghana?

The average import price for isoprene rubber IR) in primary forms stood at $21,661 per ton in 2022, surging by 68% against the previous year.

This report provides an in-depth analysis of the market for isoprene rubber (ir) in primary form 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:

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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023