Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ghana - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ghana (FOB) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ghana (CIF) - 2022
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ghana
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ghana
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ghana (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $9,742 per ton in 2022, approximately reflecting the previous year. In general, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2014 when the average export price decreased by -5.7% against the previous year. Over the period under review, the average export prices attained the peak figure at $44,681 per ton in 2012; however, from 2013 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 Cote d'Ivoire.
From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to -5.8% per year.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ghana (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $879 per ton in 2022, declining by -72.6% against the previous year. Over the period under review, the import price saw a perceptible shrinkage. The growth pace was the most rapid in 2018 when the average import price increased by 79%. As a result, import price attained the peak level of $4,528 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
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 the United States ($14,196 per ton), while the price for China ($543 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ghana
In 2022, shipments abroad of acids; saturated acyclic monocarboxylic acids; formic acids decreased by 0% to 8.8 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a strong expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids amounted to $86K in 2022. In general, exports continue to indicate significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | N/A | N/A | N/A | 43.0 | 0% |
| Burkina Faso | 6.8 | N/A | N/A | N/A | 0% |
| Others | 6.8 | N/A | N/A | 43.0 | 84.9% |
| Total | 13.5 | N/A | N/A | 85.9 | 85.3% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Ghana in 2022:
- Cote d'Ivoire (4.4 tons)
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ghana
Imports of acids; saturated acyclic monocarboxylic acids; formic acids into Ghana surged to 56 tons in 2022, jumping by 312% compared with the previous year. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids reached $49K in 2022. Over the period under review, imports, however, continue to indicate a abrupt curtailment.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 2.2 | N/A | 2.5 | 6.5 | 43.5% |
| Netherlands | 7.6 | N/A | 4.5 | 6.3 | -6.1% |
| Germany | 5.2 | N/A | 3.5 | 5.7 | 3.1% |
| United States | 14.4 | N/A | 5.1 | 3.3 | -38.8% |
| China | 6.2 | N/A | 2.8 | 2.9 | -22.4% |
| India | 0.3 | N/A | 0.7 | 2.8 | 110.5% |
| United Kingdom | 1.2 | N/A | 0.1 | 1.7 | 12.3% |
| Others | 36.2 | N/A | 24.5 | 20.3 | -17.5% |
| Total | 73.5 | N/A | 43.8 | 49.5 | -12.3% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Ghana in 2022:
- China (5.4 tons)
- Belgium (4.9 tons)
- Netherlands (2.1 tons)
- Germany (1.2 tons)
- India (0.4 tons)
- United Kingdom (0.4 tons)
- United States (0.2 tons)
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