Ghana: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in Ghana

The Ghanian fungicide and bactericide market stood at $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a pronounced slump. Fungicide and bactericide consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Fungicide And Bactericide Exports

Exports from Ghana

In 2022, approx. X kg of fungicides, bactericides and seed treatments were exported from Ghana; falling by X% compared with 2021 figures. Over the period under review, exports, however, enjoyed slight growth. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, fungicide and bactericide exports dropped significantly to $X in 2022. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Niger (X kg) was the main destination for fungicide and bactericide exports from Ghana, accounting for a X% share of total exports. Moreover, fungicide and bactericide exports to Niger exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Niger amounted to X%.

In value terms, Cote d'Ivoire ($X) remains the key foreign market for fungicides, bactericides and seed treatments exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by Niger ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Cote d'Ivoire amounted to X%.

Export Prices by Country

The average fungicide and bactericide export price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price, however, saw strong growth. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then fell slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Niger totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Togo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fungicide And Bactericide Imports

Imports into Ghana

In 2022, imports of fungicides, bactericides and seed treatments into Ghana rose significantly to X tons, surging by X% on 2021. Overall, imports, however, continue to indicate a mild curtailment. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, fungicide and bactericide imports amounted to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of fungicide and bactericide to Ghana, with a X% share of total imports. Moreover, fungicide and bactericide imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. Spain (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Spain (X% per year).

In value terms, China ($X) constituted the largest supplier of fungicides, bactericides and seed treatments to Ghana, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Singapore, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Singapore (X% per year).

Import Prices by Country

The average fungicide and bactericide import price stood at $X per ton in 2022, approximately equating the previous year. In general, the import price, however, showed a slight descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat 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 Singapore ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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