Ghana: Market for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement 2024

Market Size for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Ghana

The Ghanian market for articles of asbestos-cement, of cellulose fibre-cement declined remarkably to $X in 2021, reducing by -24.6% against the previous year. In general, consumption continues to indicate a deep contraction. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Ghana

In value terms, production of articles of asbestos-cement, of cellulose fibre-cement contracted rapidly to $X in 2021 estimated in export price. In general, production recorded a abrupt decline. The pace of growth was the most pronounced in 2020 when the production volume increased by 103%. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Exports from Ghana

In 2021, overseas shipments of articles of asbestos-cement, of cellulose fibre-cement decreased by -20% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2019 when exports increased by 450% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of articles of asbestos-cement, of cellulose fibre-cement dropped sharply to $X in 2021. Overall, exports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by 691%. Over the period under review, the exports of attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Togo (X tons) was the main destination for exports of articles of asbestos-cement, of cellulose fibre-cement from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Togo stood at -20.6%.

In value terms, Togo ($X) also remains the key foreign market for articles of asbestos-cement, of cellulose fibre-cement exports from Ghana.

From 2012 to 2021, the average annual rate of growth in terms of value to Togo amounted to -26.2%.

Export Prices by Country

In 2021, the average export price for articles of asbestos-cement, of cellulose fibre-cement amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 44%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Togo.

From 2012 to 2021, the rate of growth in terms of prices for Togo amounted to -7.0% per year.

Imports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Imports into Ghana

After two years of growth, purchases abroad of articles of asbestos-cement, of cellulose fibre-cement decreased by -21.2% to X tons in 2021. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 520% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2020, and then reduced rapidly in the following year.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement contracted to $X in 2021. In general, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 549%. Over the period under review, imports of attained the peak figure at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of articles of asbestos-cement, of cellulose fibre-cement to Ghana, with a 50% share of total imports. Moreover, imports of articles of asbestos-cement, of cellulose fibre-cement from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +74.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+19.9% per year) and Vietnam (+62.3% per year).

In value terms, Indonesia ($X), China ($X) and Vietnam ($X) constituted the largest articles of asbestos-cement, of cellulose fibre-cement suppliers to Ghana, with a combined 58% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +65.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for articles of asbestos-cement, of cellulose fibre-cement amounted to $X per ton, with an increase of 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2013 an increase of 22%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+171.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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