Ghana - Crude Glycerol, Glycerine Waters and Lyes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGhana: Crude Glycerol Market 2024
Crude Glycerol Market Size in Ghana
The Ghanian crude glycerol market dropped to $X in 2023, approximately reflecting the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a lower figure.
Crude Glycerol Production in Ghana
In value terms, crude glycerol production reduced to $X in 2023 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2023, production growth remained at a lower figure.
Crude Glycerol Exports
Exports from Ghana
In 2023, after five years of growth, there was significant decline in shipments abroad of crude glycerol, glycerine waters and lyes, when their volume decreased by X% to X kg. Overall, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.
In value terms, crude glycerol exports dropped to $X in 2023. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2022 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.
Exports by Country
Burkina Faso (X kg) was the main destination for crude glycerol exports from Ghana, accounting for a X% share of total exports. Moreover, crude glycerol exports to Burkina Faso exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold. The third position in this ranking was taken by the UK (X kg), with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume to Burkina Faso totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the UK (X% per year).
In value terms, Burkina Faso ($X) remains the key foreign market for crude glycerol, glycerine waters and lyes exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports. It was followed by the United States, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value to Burkina Faso amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the United States (X% per year).
Export Prices by Country
In 2023, the average crude glycerol export price amounted to $X per ton, stabilizing at the previous year. In general, the export price, however, saw a slight decline. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.
Crude Glycerol Imports
Imports into Ghana
In 2023, supplies from abroad of crude glycerol, glycerine waters and lyes decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Overall, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, imports attained the peak of X tons. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.
In value terms, crude glycerol imports shrank dramatically to $X in 2023. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports failed to regain momentum.
Imports by Country
In 2023, Malaysia (X tons) constituted the largest crude glycerol supplier to Ghana, accounting for a X% share of total imports. Moreover, crude glycerol imports from Malaysia exceeded the figures recorded by the second-largest supplier, Belgium (X kg), eightfold. The third position in this ranking was taken by South Africa (X kg), with a X% share.
From 2012 to 2023, the average annual growth rate of volume from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and South Africa (X% per year).
In value terms, Malaysia ($X) constituted the largest supplier of crude glycerol, glycerine waters and lyes to Ghana, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value from Malaysia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and South Africa (X% per year).
Import Prices by Country
The average crude glycerol import price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the import price showed strong growth. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (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 crude glycerol 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 20411000 - Glycerol (glycerine), crude, glycerol waters and glycerol lyes
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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