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Ghana - Rare Gases (Excluding Argon) - Market Analysis, Forecast, Size, Trends and Insights
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Rare Gases Market Size in Ghana
In 2023, the Ghanian rare gases market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption, however, recorded a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.
Rare Gases Production in Ghana
In value terms, rare gases production soared to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a deep reduction. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.
Rare Gases Exports
Exports from Ghana
For the third year in a row, Ghana recorded growth in overseas shipments of rare gases (excluding argon), which increased by X% to X cubic meters in 2023. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X cubic meters in 2015; however, from 2016 to 2023, the exports failed to regain momentum.
In value terms, rare gases exports skyrocketed to $X in 2023. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2023, the exports remained at a lower figure.
Exports by Country
Sierra Leone (X cubic meters) was the main destination for rare gases exports from Ghana, with a X% share of total exports. It was followed by Benin (X cubic meters), with a X% share of total exports. The United Arab Emirates (X cubic meters) ranked third in terms of total exports with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume to Sierra Leone totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (X% per year) and the United Arab Emirates (X% per year).
In value terms, Sierra Leone ($X) remains the key foreign market for rare gases (excluding argon) exports from Ghana, comprising X% of total exports. The second position in the ranking was held by Benin ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value to Sierra Leone amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (X% per year) and the United Arab Emirates (X% per year).
Export Prices by Country
In 2023, the average rare gases export price amounted to $X per cubic meter, growing by X% against the previous year. Overall, the export price continues to indicate resilient growth. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in the near future.
Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the highest price was recorded for prices to the United Arab Emirates ($X per cubic meter) and Sierra Leone ($X per cubic meter), while the average price for exports to Benin ($X per cubic meter) and Cote d'Ivoire ($X per cubic meter) were amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sierra Leone (X%), while the prices for the other major destinations experienced more modest paces of growth.
Rare Gases Imports
Imports into Ghana
In 2023, approx. X cubic meters of rare gases (excluding argon) were imported into Ghana; jumping by X% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a noticeable decline. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at X cubic meters in 2015; however, from 2016 to 2023, imports remained at a lower figure.
In value terms, rare gases imports skyrocketed to $X in 2023. Overall, imports showed a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.
Imports by Country
France (X cubic meters), the United Arab Emirates (X cubic meters) and India (X cubic meters) were the main suppliers of rare gases imports to Ghana, with a combined X% share of total imports.
From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest rare gases suppliers to Ghana were France ($X), the United Arab Emirates ($X) and the United States ($X), together accounting for X% of total imports. Qatar, India, China and the UK lagged somewhat behind, together accounting for a further X%.
Qatar, with a CAGR of X%, saw 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
In 2023, the average rare gases import price amounted to $X per cubic meter, increasing by X% against the previous year. Overall, the import price continues to indicate a notable increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2023 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Qatar ($X per cubic meter), while the price for the UK ($X per thousand cubic meters) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the rare gases market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20111130 - Rare gases (excluding argon)
Country coverage:
- Ghana
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ghana
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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