Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Ghana - 2022
Contents:
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Ghana (CIF) - 2022
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Ghana (FOB) - 2022
- Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Ghana
- Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Ghana
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Ghana (CIF) - 2022
In 2022, the average import price for fertilizers, mineral or chemical amounted to $263 per ton, jumping by 25% against the previous year. In general, the import price, however, continues to indicate a deep slump. Over the period under review, average import prices attained the peak figure at $564 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($264 per ton), while the price for Morocco totaled $229 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (-8.3%).
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Ghana (FOB) - 2022
In 2022, the average export price for fertilizers, mineral or chemical amounted to $155 per ton, with a decrease of -42.5% against the previous year. In general, the export price showed a perceptible curtailment. The pace of growth appeared the most rapid in 2019 an increase of 66% against the previous year. As a result, the export price attained the peak level of $298 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($262 per ton), while the average price for exports to Niger totaled $91 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+8.4%).
Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Ghana
For the third year in a row, Ghana recorded decline in overseas purchases of fertilizers, mineral or chemical, which decreased by -20.1% to 948 tons in 2022. In general, imports continue to indicate a dramatic contraction. The smallest decline of -16.7% was in 2021.
In value terms, imports of fertilizers, mineral or chemical fell slightly to $249K in 2022. Over the period under review, imports saw a sharp shrinkage. The growth pace was the most rapid in 2021 with an increase of less than 0.1% against the previous year.
| Import of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 423 | 220 | 227 | 233 | -18.0% |
| Morocco | 69.3 | 26.4 | 19.9 | 14.9 | -40.1% |
| Others | 6.0 | 2.2 | 1.8 | 1.6 | -35.6% |
| Total | 498 | 249 | 249 | 249 | -20.6% |
Top Suppliers of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate to Ghana in 2022:
- Italy (881.9 tons)
- Morocco (65.2 tons)
Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Ghana
In 2022, shipments abroad of fertilizers, mineral or chemical increased by 48% to 78 tons for the first time since 2019, thus ending a two-year declining trend. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fertilizers, mineral or chemical fell to $12K in 2022. Overall, exports, however, recorded a deep reduction. The smallest decline of -7.6% was in 2020.
| Export of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | 16.7 | 15.4 | 14.2 | 7.6 | -23.1% |
| Niger | N/A | N/A | N/A | 4.5 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 16.7 | 15.4 | 14.2 | 12.1 | -10.2% |
Top Export Markets for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate from Ghana in 2022:
- Niger (49.4 tons)
- Burkina Faso (29.0 tons)
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