The chemical equipment exporters export various types of chemicals, equipment and other related items. They export these items to countries all over the world.
Aseda Chemicals and Equipment Ltd has been in business for 13 years and they have an excellent track record of customer satisfaction.
Aseda Chemicals and Equipment Ltd has an excellent reputation with its customers. We have compiled a list of 6 things you need to know about chemical equipment exporters.
The sector makes a vast array of products.
From shampoos and soaps to industrial products derived from petrochemicals and dyes, the chemicals sector has a hand in almost every aspect of our daily lives without us often realizing it.
Indeed, while it does produce a number of consumer-facing goods, such as cosmetics and detergents, it primarily makes industrial goods used in other sector’s supply chains. Think fertilizers used in agriculture, plastics in the automotive sector, rubber in construction…etc.
Foreign investors are attracted to the African chemicals sector.
While the chemicals sector has remained an integral part of African manufacturing, its diverse demand base, opportunities for scale, and scope for evolution, make it an attractive proposition for foreign multinationals. As a result, the sector has become increasingly foreign-owned.
In fact, over a tenth (10.7%) of chemicals enterprises are foreign-owned, with the US, Germany and Switzerland topping the list of foreign investors. This is a significantly larger share than the 2.7% recorded in the total manufacturing sector and is perhaps best represented by the break-up of former powerhouse ICI.
The sector has strong fundamentals.
The sector has strong fundamentals, including higher weekly wages than the manufacturing average – 30% higher – and an impressive slice of R&D expenditure (6.6% of total manufacturing). However, it is its productivity performance that catches the eye the most. Between 1996 and 2016, the chemicals sector’s real productivity growth more than doubled (+102.2%), significantly exceeding the Ghana economy average.
It is a big energy consumer.
The chemicals sector, and particularly manufacturers at the source of the value chain, are highly energy intensive and in 2019, the sector was the second highest energy consumer amongst manufacturers after the basic metals sector.
Encouragingly, despite retaining its position as one of the most highly energy-intensive sectors, the chemicals sector’s energy consumption has actually fallen by around 40% since 2007, while its industrial production has remained broadly stable, illustrating a more efficient use of resources.
Chemicals is a globalized industry.
While not as export intensive as some other sectors, such as mechanical equipment and automotive, chemicals still derive significant value from exports. In fact, the sector is actually one of the most open to trade in manufacturing, boasting the highest proportion of exporting companies of any sector (53.6%) and the second highest proportion of importing companies (52.5%).
High energy costs are a risk to the sector…amongst others.
Rising energy costs have been a looming threat to the global economy. Although many countries have thus far been able to avoid this issue, it is an impending disaster for some. The global chemical equipment market is continuously growing. In order to sustain this growth, the industry must address high energy costs. This is a risk because it drives up costs and slows down production.
