Ghana: Natural Sand Market 2022

Natural Sand Market Size in Ghana

The Ghanian natural sand market totaled $X in 2021, surging by 1.6% against the previous year. Over the period under review, consumption, however, enjoyed strong growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Natural Sand Production in Ghana

In value terms, natural sand production reached $X in 2021 estimated in export price. In general, production, however, showed a prominent increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 72%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Natural Sand Exports

Exports from Ghana

In 2021, natural sand exports from Ghana declined markedly to X tons, reducing by -35.9% on 2020 figures. In general, exports saw a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 255%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, natural sand exports shrank notably to $X in 2021. Overall, exports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 95%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X tons), China (X tons) and Togo (X kg) were the main destinations of natural sand exports from Ghana, together accounting for 77% of total exports. These countries were followed by Burkina Faso, Australia, South Africa, Spain, the UK, France and the Netherlands, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +24.7%), while shipments for the other leaders experienced a decline.

In value terms, China ($X) emerged as the key foreign market for natural sand exports from Ghana, comprising 59% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 19% share of total exports. It was followed by South Africa, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +34.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+3.6% per year) and South Africa (+25.7% per year).

Export Prices by Country

In 2021, the average natural sand export price amounted to $X per ton, picking up by 30% against the previous year. In general, the export price saw a significant increase. The pace of growth was the most pronounced in 2019 an increase of 1,180%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Togo ($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 South Africa (+90.1%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Sand Imports

Imports into Ghana

In 2021, imports of natural sands into Ghana reduced modestly to X tons, waning by -4.5% compared with 2020. Over the period under review, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 244% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, natural sand imports fell sharply to $X in 2021. Overall, imports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 280% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Portugal (X tons) and Greece (X tons) were the main suppliers of natural sand imports to Ghana, with a combined 67% share of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +77.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest natural sand suppliers to Ghana were China ($X), Portugal ($X) and the Netherlands ($X), together comprising 36% of total imports.

China, with a CAGR of +31.3%, 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 natural sand import price stood at $X per ton in 2021, falling by -11.2% against the previous year. In general, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 31% 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+85.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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