Ghana: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Ghana

In 2021, the Ghanian market for drawn glass and blown glass decreased by -28.6% to $X, falling for the second year in a row after two years of growth. Overall, consumption continues to indicate a abrupt downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Drawn Glass And Blown Glass in Ghana

In value terms, drawn glass and blown glass production reached $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep contraction. The growth pace was the most rapid in 2019 when the production volume increased by 36% against the previous year. Drawn glass and blown glass production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Drawn Glass And Blown Glass

Exports from Ghana

In 2021, the amount of drawn glass and blown glass exported from Ghana amounted to X square meters, approximately equating the previous year's figure. In general, exports enjoyed a modest expansion. The smallest decline of 99.9% was in 2018. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, drawn glass and blown glass exports declined sharply to $X in 2021. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 525% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X square meters) was the main destination for drawn glass and blown glass exports from Ghana, with a 70% share of total exports. Moreover, drawn glass and blown glass exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Niger (X square meters), threefold. Togo (X square meters) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cote d'Ivoire totaled +65.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+8.7% per year) and Togo (+11.9% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for drawn glass and blown glass exports from Ghana, comprising 70% of total exports. The second position in the ranking was taken by Niger ($X), with a 26% share of total exports. It was followed by Togo, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cote d'Ivoire amounted to +28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (-10.8% per year) and Togo (-26.9% per year).

Export Prices by Country

In 2021, the average export price for drawn glass and blown glass amounted to $X per thousand square meters, leveling off at the previous year. Overall, the export price showed a significant expansion. The pace of growth was the most pronounced in 2018 a decrease of 99.9% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Cote d'Ivoire ($X per thousand square meters) and Togo ($X per thousand square meters), while the average price for exports to Burkina Faso ($X per thousand square meters) and Niger ($X per thousand square meters) were amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports into Ghana

In 2021, overseas purchases of drawn glass and blown glass increased by 6.8% to X square meters, rising for the second year in a row after two years of decline. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 3,034%. Imports peaked at X square meters in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, drawn glass and blown glass imports rose significantly to $X in 2021. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 1,724% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X square meters) constituted the largest supplier of drawn glass and blown glass to Ghana, accounting for a 86% share of total imports. Moreover, drawn glass and blown glass imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X square meters), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +85.6%.

In value terms, China ($X) constituted the largest supplier of drawn glass and blown glass to Ghana, comprising 86% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 9.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +50.0%.

Import Prices by Country

In 2021, the average import price for drawn glass and blown glass amounted to $X per square meter, growing by 5.9% against the previous year. Over the period under review, the import price, however, showed a dramatic downturn. The pace of growth appeared the most rapid in 2020 an increase of 53%. The import price peaked at $X per square meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per square meter), while the price for Saudi Arabia stood at $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-19.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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