Ghana: Sodium Nitrate Market 2024

Sodium Nitrate Market Size in Ghana

The Ghanian sodium nitrate market skyrocketed to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a significant expansion. Sodium nitrate consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Sodium Nitrate Exports

Exports from Ghana

In 2022, sodium nitrate exports from Ghana skyrocketed to X tons, rising by X% compared with 2021. In general, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sodium nitrate exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for sodium nitrate exports from Ghana, accounting for a X% share of total exports. Moreover, sodium nitrate exports to Burkina Faso exceeded the volume sent to the second major destination, Cote d'Ivoire (X tons), eightfold. The third position in this ranking was held by Guinea (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Burkina Faso totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Guinea (X% per year).

In value terms, Burkina Faso ($X) remains the key foreign market for sodium nitrate exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Guinea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Burkina Faso totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Guinea (X% per year).

Export Prices by Country

In 2022, the average sodium nitrate export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, 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 mixed trend patterns.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Sodium Nitrate Imports

Imports into Ghana

Sodium nitrate imports into Ghana surged to X tons in 2022, rising by X% against the previous year's figure. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, sodium nitrate imports rose remarkably to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest sodium nitrate supplier to Ghana, with a X% share of total imports. Moreover, sodium nitrate imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold. Spain (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest sodium nitrate suppliers to Ghana were the Netherlands ($X), Belgium ($X) and South Africa ($X), with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, recorded 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 more modest paces of growth.

Import Prices by Country

The average sodium nitrate import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a deep slump. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :