Price for Fertilizers; Mineral or Chemical, Phosphatic in Ghana - 2022
Contents:
- Price for Fertilizers; Mineral or Chemical, Phosphatic in Ghana (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Phosphatic in Ghana (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Phosphatic in Ghana
- Exports of Fertilizers; Mineral or Chemical, Phosphatic in Ghana
Price for Fertilizers; Mineral or Chemical, Phosphatic in Ghana (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $294 per ton, growing by 24% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. Over the period under review, average import prices hit record highs at $547 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cote d'Ivoire ($389 per ton), while the price for Senegal ($45 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+2.9%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers; Mineral or Chemical, Phosphatic in Ghana (FOB) - 2022
In 2022, the average export price for fertilizers; mineral or chemical, phosphatics amounted to $85 per ton, approximately equating the previous year. Over the period under review, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by 94% against the previous year. Over the period under review, the average export prices reached the peak figure at $226 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
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 -3.1% per year.
Imports of Fertilizers; Mineral or Chemical, Phosphatic in Ghana
In 2022, after three years of growth, there was significant decline in purchases abroad of fertilizers; mineral or chemical, phosphatics, when their volume decreased by -32% to 48K tons. Overall, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 145%.
In value terms, fertilizers; mineral or chemical, phosphatic imports fell notably to $14M in 2022. In general, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 110% against the previous year.
| Import of Fertilizers; Mineral or Chemical, Phosphatic in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | 2.9 | 7.8 | 9.7 | 10.2 | 52.1% |
| Cote d'Ivoire | 0.7 | 1.6 | 2.7 | 2.8 | 58.7% |
| Israel | 0.3 | 0.6 | 0.8 | 0.9 | 44.2% |
| Senegal | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 1.6 | 1.6 | 3.7 | 0.2 | -50.0% |
| Total | 5.5 | 11.6 | 16.9 | 14.2 | 37.2% |
Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to Ghana in 2022:
- Morocco (33.7K tons)
- Cote d'Ivoire (7.3K tons)
- Israel (4.7K tons)
- Senegal (1.8K tons)
Exports of Fertilizers; Mineral or Chemical, Phosphatic in Ghana
In 2022, fertilizers; mineral or chemical, phosphatic exports from Ghana was estimated at 31 tons, therefore, remained relatively stable against the year before. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 118%. As a result, the exports reached the peak of 32 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, fertilizers; mineral or chemical, phosphatic exports stood at $2.7K in 2022. Overall, exports, however, showed a slight descent.
| Export of Fertilizers; Mineral or Chemical, Phosphatic in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | 1.3 | 2.7 | 2.6 | 2.7 | 27.6% |
| Others | 1.5 | N/A | N/A | N/A | 0% |
| Total | 2.8 | 2.7 | 2.6 | 2.7 | -1.2% |
Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from Ghana in 2022:
- Burkina Faso (31.4 tons)
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