Price for Rosin; Salts of Rosin or of Resin Acids in Ghana - 2022

Contents:

  1. Price for Rosin; Salts of Rosin or of Resin Acids in Ghana (CIF) - 2022
  2. Imports of Rosin; Salts of Rosin or of Resin Acids in Ghana

Price for Rosin; Salts of Rosin or of Resin Acids in Ghana (CIF) - 2022

The average import price for rosin; salts of rosin or of resin acidses stood at $908 per ton in 2022, shrinking by -3.7% against the previous year. Overall, the import price saw a deep slump. The growth pace was the most rapid in 2014 when the average import price increased by 45% against the previous year. Over the period under review, average import prices hit record highs at $2,936 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Nigeria ($8,083 per ton), while the price for China totaled $903 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+38.0%).

Imports of Rosin; Salts of Rosin or of Resin Acids in Ghana

Imports of rosin; salts of rosin or of resin acidses into Ghana expanded rapidly to 19 tons in 2022, with an increase of 6% on the year before. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 2,300% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of rosin; salts of rosin or of resin acidses expanded slightly to $17K in 2022. In general, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 2,770%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Rosin; Salts of Rosin or of Resin Acids in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China0.38.616.917.2285.6%
OthersN/AN/A0.10.10.0%
Total0.38.617.017.3286.3%

Top Suppliers of Rosin; Salts of Rosin or of Resin Acids to Ghana in 2022:

  1. China (19.1 tons)

Source: IndexBox Market Intelligence Platform

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