Phenols; Phenol-Alcohols Price in Ghana - 2023
Contents:
- Phenols; Phenol-Alcohols Price in Ghana (CIF) - 2022
- Phenols; Phenol-Alcohols Price in Ghana (FOB) - 2022
- Phenols; Phenol-Alcohols Imports in Ghana
- Phenols; Phenol-Alcohols Exports in Ghana
Phenols; Phenol-Alcohols Price in Ghana (CIF) - 2022
The average phenols; phenol-alcohols import price stood at $6,686 per ton in 2022, which is down by -6.6% against the previous year. Overall, the import price continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2019 an increase of 49%. Over the period under review, average import prices attained the peak figure at $9,394 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 Italy ($13,220 per ton), while the price for China ($2,557 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+97.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Phenols; Phenol-Alcohols Price in Ghana (FOB) - 2022
In 2022, the average phenols; phenol-alcohols export price amounted to $6,984 per ton, leveling off at the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phenols; phenol-alcohols export price decreased by +0.7% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 71%. Over the period under review, the average export prices attained the peak figure at $9,913 per ton in 2014; however, from 2015 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 +4.7% per year.
Phenols; Phenol-Alcohols Imports in Ghana
In 2022, overseas purchases of phenols; phenol-alcoholses decreased by -28.3% to 113 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 133% against the previous year. As a result, imports attained the peak of 158 tons, and then contracted significantly in the following year.
In value terms, phenols; phenol-alcohols imports contracted notably to $756K in 2022. Overall, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 195%. As a result, imports reached the peak of $1.1M, and then fell dramatically in the following year.
| Import of Phenols; Phenol-Alcohols in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 16.5 | 151 | 501 | 400 | 189.4% |
| United States | 0.2 | 1.8 | 75.9 | 79.9 | 636.5% |
| Italy | 45.8 | 70.9 | 117 | 60.7 | 9.8% |
| China | 32.5 | 51.2 | 85.8 | 45.4 | 11.8% |
| United Kingdom | 17.6 | 24.4 | 127 | 44.8 | 36.5% |
| Senegal | 9.3 | 39.5 | 62.9 | 36.0 | 57.0% |
| Belgium | 20.7 | 3.2 | 56.3 | 30.4 | 13.7% |
| Others | 13.2 | 41.4 | 104 | 59.3 | 65.0% |
| Total | 156 | 383 | 1,130 | 756 | 69.2% |
Top Suppliers of Phenols; Phenol-Alcohols to Ghana in 2022:
- India (42.2 tons)
- United States (23.0 tons)
- China (17.7 tons)
- United Kingdom (8.6 tons)
- Belgium (5.1 tons)
- Italy (4.6 tons)
- Senegal (4.0 tons)
Phenols; Phenol-Alcohols Exports in Ghana
In 2022, shipments abroad of phenols; phenol-alcoholses decreased by -0.3% to 2.7 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +10.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 35%.
In value terms, phenols; phenol-alcohols exports declined slightly to $19K in 2022. The total export value increased at an average annual rate of +10.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 36%.
| Export of Phenols; Phenol-Alcohols in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 13.9 | 18.9 | 18.9 | 18.9 | 10.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 13.9 | 18.9 | 18.9 | 18.9 | 10.8% |
Top Export Markets for Phenols; Phenol-Alcohols from Ghana in 2022:
- Cote d'Ivoire (2.7 tons)
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