Ghana: Calendering Cylinder Market 2024

Calendering Cylinder Market Size in Ghana

After two years of growth, the Ghanian calendering cylinder market decreased by -2.5% to $X in 2021. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Calendering Cylinder Production in Ghana

In value terms, calendering cylinder production shrank to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 95%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Calendering Cylinder Exports

Exports from Ghana

In 2021, calendering cylinder exports from Ghana skyrocketed to X units, with an increase of 49% on 2020 figures. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 111% against the previous year. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, calendering cylinder exports surged to $X in 2021. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 60% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

France (X units), the UK (X units) and Belgium (X units) were the main destinations of calendering cylinder exports from Ghana, together comprising 97% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +61.7%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for cylinders for calendering exports from Ghana, comprising 85% of total exports. The second position in the ranking was taken by the UK ($X), with a 13% share of total exports. It was followed by Belgium, with a 0.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to +50.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+63.8% per year) and Belgium (-11.0% per year).

Export Prices by Country

In 2021, the average calendering cylinder export price amounted to $X per unit, growing by 6.2% against the previous year. Over the period under review, the export price, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2019 an increase of 54%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was France ($X per unit), while the average price for exports to Belgium ($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 France (+22.0%), while the prices for the other major destinations experienced mixed trend patterns.

Calendering Cylinder Imports

Imports into Ghana

In 2021, purchases abroad of cylinders for calendering decreased by -36% to X units, falling for the third year in a row after two years of growth. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 1,313%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, calendering cylinder imports rose significantly to $X in 2021. Overall, imports, however, saw a slight increase. The growth pace was the most rapid in 2013 with an increase of 679% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of calendering cylinder to Ghana, with a 38% share of total imports. Moreover, calendering cylinder imports from China exceeded the figures recorded by the second-largest supplier, France (X units), twofold. Singapore (X units) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+59.0% per year) and Singapore (+26.3% per year).

In value terms, the largest calendering cylinder suppliers to Ghana were China ($X), Italy ($X) and France ($X), together accounting for 41% of total imports.

France, with a CAGR of +92.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average calendering cylinder import price stood at $X per unit in 2021, increasing by 69% against the previous year. Overall, the import price, however, showed a drastic downturn. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+3,920.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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