Report Update Apr 1, 2024

Ghana - Silver Nitrate - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Silver Nitrate Market 2024

Silver Nitrate Market Size in Ghana

In 2022, the Ghanian silver nitrate market increased by X% to $X, rising for the third consecutive year after four years of decline. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Silver Nitrate Production in Ghana

In value terms, silver nitrate production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production saw a sharp decrease. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Silver Nitrate Exports

Exports from Ghana

In 2022, overseas shipments of silver nitrate decreased by X% to X kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a dramatic contraction. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, silver nitrate exports declined remarkably to $X in 2022. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Burkina Faso (X kg) was the main destination for silver nitrate exports 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) emerged as the key foreign market for silver nitrate exports from Ghana.

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

Export Prices by Country

The average silver nitrate export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price posted a buoyant expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X,500 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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.

Silver Nitrate Imports

Imports into Ghana

In 2022, purchases abroad of silver nitrate increased by X% to X kg, rising for the second consecutive year after five years of decline. Overall, imports showed a modest expansion. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of X kg. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, silver nitrate imports soared to $X in 2022. In general, imports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X kg) constituted the largest supplier of silver nitrate to Ghana, accounting for a X% share of total imports. It was followed by Belgium (X kg), with a X% share of total imports. The third position in this ranking was taken by Australia (X kg), with a X% share.

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

In value terms, South Africa ($X), Australia ($X) and Belgium ($X) appeared to be the largest silver nitrate suppliers to Ghana, together accounting for X% of total imports.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average silver nitrate import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X,571 per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

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Frequently Asked Questions (FAQ) :

What are the largest markets for silver nitrate in the world?

The countries with the highest volumes of consumption in 2023 were Brazil, Canada and Belgium, with a combined 43% share of global consumption. France, the UK, Italy, Suriname, Poland, Singapore, India, Germany, the Netherlands and the Czech Republic lagged somewhat behind, together accounting for a further 39%.

What are the largest producers of silver nitrate in the world?

The countries with the highest volumes of production in 2022 were the Netherlands, France and the UK, with a combined 58% share of global production.

What are the leading suppliers of silver nitrate to Ghana?

In value terms, the largest silver nitrate suppliers to Ghana were South Africa, Australia and Belgium, together comprising 87% of total imports.

What are the leading importers of silver nitrate from Ghana?

In value terms, Burkina Faso emerged as the key foreign market for silver nitrate exports from Ghana.

What is the average export price for silver nitrate in Ghana?

In 2022, the average silver nitrate export price amounted to $49,326 per ton, surging by 29% against the previous year.

What is the average import price for silver nitrate in Ghana?

In 2022, the average silver nitrate import price amounted to $296,199 per ton, waning by -14.5% against the previous year.

This report provides an in-depth analysis of the silver nitrate 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.

Product coverage:

Prodcom 20135183 - Silver nitrate

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
Find deeper insights into current market developments
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