Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Ghana - 2022
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Ghana (CIF) - 2022
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Ghana
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Ghana (CIF) - 2022
In 2022, the average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $403 per ton, falling by -24.8% against the previous year. Over the period under review, the import price recorded a sharp downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by 5.3%. Over the period under review, average import prices hit record highs at $4,776 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 UK ($1,580 per ton), while the price for China ($311 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-14.9%), while the prices for the other major suppliers experienced a decline.
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Ghana
In 2022, approx. 17 tons of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses were imported into Ghana; picking up by 34% against the previous year's figure. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 53% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $6.9K in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.5 | 5.5 | 5.1 | 4.8 | -4.4% |
| United Kingdom | 0.9 | 1.1 | 1.4 | 1.7 | 23.6% |
| South Africa | 0.4 | 0.4 | 0.5 | 0.5 | 7.7% |
| Taiwan (Chinese) | 0.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.1 | 7.0 | 6.9 | 6.9 | -0.9% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Ghana in 2022:
- China (15.4 tons)
- United Kingdom (1.1 tons)
- South Africa (0.8 tons)
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