
Ghana - Phosphoric Acid and Polyphosphoric Acids - Market Analysis, Forecast, Size, Trends and Insights
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Ghana: Phosphoric Acid Market 2022
Phosphoric Acid Market Size in Ghana
After five years of growth, the Ghanian phosphoric acid market decreased by -X% to $X in 2021. Overall, consumption, however, enjoyed a remarkable increase. Over the period under review, the market attained the peak level at $X in 2020, and then shrank sharply in the following year.
Phosphoric Acid Imports
Imports into Ghana
In 2021, supplies from abroad of phosphoric acid and polyphosphoric acids decreased by -X% to X tons for the first time since 2015, thus ending a five-year rising trend. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2020, and then contracted significantly in the following year.
In value terms, phosphoric acid imports reduced markedly to $X in 2021. Overall, imports, however, enjoyed a moderate expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2020, and then fell remarkably in the following year.
Imports by Country
In 2021, China (X tons) constituted the largest supplier of phosphoric acid to Ghana, accounting for a X% share of total imports. Moreover, phosphoric acid imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), ninefold.
From 2012 to 2021, the average annual growth rate of volume from China stood at +X%.
In value terms, China ($X) constituted the largest supplier of phosphoric acid to Ghana, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports.
From 2012 to 2021, the average annual growth rate of value from China totaled +X%.
Import Prices by Country
In 2021, the average phosphoric acid import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, showed a perceptible reduction. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for China totaled $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-X%).
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the phosphoric acid market 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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