Report Update Nov 1, 2024

Ghana - Extruded Solid Rubber Rods and Profiles - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Ghana

In 2022, the Ghanian extruded solid rubber rod market increased by 0.6% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption saw a modest expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports from Ghana

In 2022, shipments abroad of extruded solid rubber rods and profiles was finally on the rise to reach X kg after four years of decline. In general, exports, however, continue to indicate a precipitous contraction. The growth pace was the most rapid in 2015 with an increase of 8,963%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, extruded solid rubber rod exports expanded remarkably to $X in 2022. Over the period under review, exports, however, showed a dramatic slump. The pace of growth appeared the most rapid in 2015 when exports increased by 6,712% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Burkina Faso (X kg) was the main destination for extruded solid rubber rod exports from Ghana, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burkina Faso totaled -31.5%.

In value terms, Burkina Faso ($X) also remains the key foreign market for extruded solid rubber rods and profiles exports from Ghana.

From 2012 to 2022, the average annual rate of growth in terms of value to Burkina Faso stood at -31.1%.

Export Prices by Country

In 2022, the average extruded solid rubber rod export price amounted to $X per ton, reducing by -12.1% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 75% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Burkina Faso amounted to +0.6% per year.

Imports of Extruded Solid Rubber Rods And Profiles

Imports into Ghana

After two years of decline, supplies from abroad of extruded solid rubber rods and profiles increased by 4.6% to X tons in 2022. Over the period under review, imports, however, continue to indicate a mild setback. The pace of growth was the most pronounced in 2016 with an increase of 120% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, extruded solid rubber rod imports shrank slightly to $X in 2022. Overall, imports saw modest growth. The pace of growth was the most pronounced in 2016 with an increase of 128%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), South Korea (X tons) and Spain (X tons) were the main suppliers of extruded solid rubber rod imports to Ghana, with a combined 76% share of total imports. Thailand, Hong Kong SAR, Germany, India and South Africa lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +38.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of extruded solid rubber rods and profiles to Ghana, comprising 47% of total imports. The second position in the ranking was held by South Korea ($X), with a 13% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +58.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+21.5% per year) and Germany (+9.5% per year).

Import Prices by Country

In 2022, the average extruded solid rubber rod import price amounted to $X per ton, dropping by -5.4% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, extruded solid rubber rod import price increased by +4.2% against 2020 indices. The growth pace was the most rapid in 2015 an increase of 37% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for extruded solid rubber rods and profiles in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 53% share of global consumption. Japan, Brazil, Nigeria, France, Turkey, South Korea, Slovakia, Canada and Germany lagged somewhat behind, together accounting for a further 26%.

What are the largest producers of extruded solid rubber rods and profiles in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 52% of global production. Japan, Brazil, Nigeria, Germany, Turkey, the Czech Republic, France, Slovakia, South Korea and Thailand lagged somewhat behind, together accounting for a further 31%.

What are the leading suppliers of extruded solid rubber rods and profiles to Ghana?

In value terms, China constituted the largest supplier of extruded solid rubber rod to Ghana, comprising 58% of total imports. The second position in the ranking was occupied by India, with a 6.2% share of total imports. It was followed by Spain, with a 4.7% share.

What are the leading importers of extruded solid rubber rods and profiles from Ghana?

In value terms, Burkina Faso $481) remains the key foreign market for extruded solid rubber rod exports from Ghana.

What is the average export price for extruded solid rubber rods and profiles in Ghana?

In 2021, the average extruded solid rubber rod export price amounted to $3,228 per ton, shrinking by -7.7% against the previous year.

What is the average import price for extruded solid rubber rods and profiles in Ghana?

In 2021, the average extruded solid rubber rod import price amounted to $4,613 per ton, rising by 9.4% against the previous year.

This report provides an in-depth analysis of the market for extruded solid rubber rod in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22192087 - Extruded solid rubber rods and profiles

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023