Ghana: Market for Bottles, Jars And Other Containers Of Glass 2024

Market Size for Bottles, Jars And Other Containers Of Glass in Ghana

The Ghanian market for bottles, jars and other containers of glass shrank markedly to $X in 2021, which is down by -39.9% against the previous year. Overall, consumption, however, saw strong growth. As a result, consumption reached the peak level of $X, and then dropped sharply in the following year.

Production of Bottles, Jars And Other Containers Of Glass in Ghana

In value terms, glass bottle, jar and container production contracted remarkably to $X in 2021 estimated in export price. In general, production, however, posted prominent growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 556%. As a result, production attained the peak level of $X, and then fell markedly in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Ghana

In 2021, the amount of bottles, jars and other containers of glass exported from Ghana declined sharply to X units, with a decrease of -86.9% on the previous year's figure. Over the period under review, exports saw a significant contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 221% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, glass bottle, jar and container exports dropped markedly to $X in 2021. In general, exports showed a dramatic slump. The growth pace was the most rapid in 2020 when exports increased by 491% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Togo (X units), Guinea (X units) and Italy (X units) were the main destinations of glass bottle, jar and container exports from Ghana, with a combined 92% share of total exports. Liberia, Canada, Mali, the United Arab Emirates, Sierra Leone, Cameroon and Nigeria lagged somewhat behind, together accounting for a further 5.4%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of -1.1%), while shipments for the other leaders experienced a decline.

In value terms, Togo ($X) remains the key foreign market for bottles, jars and other containers of glass exports from Ghana, comprising 78% of total exports. The second position in the ranking was held by Guinea ($X), with a 7.4% share of total exports. It was followed by Liberia, with a 6% share.

From 2012 to 2021, the average annual growth rate of value to Togo amounted to -14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guinea (-5.9% per year) and Liberia (-20.6% per year).

Export Prices by Country

The average export price for bottles, jars and other containers of glass stood at $X per unit in 2021, growing by 72% against the previous year. Overall, the export price posted a strong increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 84%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sierra Leone (+55.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bottles, Jars And Other Containers Of Glass

Imports into Ghana

After two years of decline, overseas purchases of bottles, jars and other containers of glass increased by 104% to X units in 2021. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 121%. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, glass bottle, jar and container imports skyrocketed to $X in 2021. In general, imports recorded a temperate expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 113% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Nigeria (X units) constituted the largest glass bottle, jar and container supplier to Ghana, with a 51% share of total imports. Moreover, glass bottle, jar and container imports from Nigeria exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. China (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Nigeria stood at +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.3% per year) and China (-9.8% per year).

In value terms, Nigeria ($X) constituted the largest supplier of bottles, jars and other containers of glass to Ghana, comprising 37% of total imports. The second position in the ranking was held by Egypt ($X), with a 16% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Nigeria amounted to +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+40.0% per year) and China (-7.0% per year).

Import Prices by Country

The average import price for bottles, jars and other containers of glass stood at $X per unit in 2021, dropping by -21.8% against the previous year. In general, the import price recorded a pronounced descent. The most prominent rate of growth was recorded in 2020 an increase of 21%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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