Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Ghana - 2022
Contents:
- Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Ghana (CIF) - 2022
- Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Ghana
Price for Monophenols; Phenol (Hydroxybenzene) and Its Salts in Ghana (CIF) - 2022
The average import price for monophenols; phenol (hydroxybenzene) and its saltses stood at $5,586 per ton in 2022, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2015 when the average import price increased by 23%. The import price peaked at $6,869 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 Senegal ($8,216 per ton), while the price for China ($306 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+481.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Ghana
In 2022, purchases abroad of monophenols; phenol (hydroxybenzene) and its saltses decreased by -0.4% to 11 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 153%.
In value terms, imports of monophenols; phenol (hydroxybenzene) and its saltses reached $62K in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 122% against the previous year. As a result, imports reached the peak of $63K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Monophenols; Phenol (Hydroxybenzene) and Its Salts in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Senegal | 19.0 | 53.6 | 53.2 | 53.5 | 41.2% |
| India | 3.8 | 3.5 | 3.1 | 3.5 | -2.7% |
| Belgium | 3.4 | 3.4 | 3.4 | 3.0 | -4.1% |
| China | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 2.0 | 2.1 | 2.3 | 2.2 | 3.2% |
| Total | 28.3 | 62.7 | 62.1 | 62.4 | 30.2% |
Top Suppliers of Monophenols; Phenol (Hydroxybenzene) and Its Salts to Ghana in 2022:
- Senegal (6.5 tons)
- India (2.8 tons)
- Belgium (1.5 tons)
- China (0.3 tons)
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