Ghana: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Ghana

The Ghanian market for floor, wall or ceiling coverings of plastics rose remarkably to $X in 2022, surging by 5.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw buoyant growth. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Ghana

In 2022, the amount of floor, wall or ceiling coverings of plastics exported from Ghana soared to X square meters, rising by 32% against 2021. Overall, exports showed a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of 277%. Over the period under review, the exports of reached the peak figure at X square meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of floor, wall or ceiling coverings of plastics surged to $X in 2022. Over the period under review, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by 453% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Togo (X square meters) was the main destination for exports of floor, wall or ceiling coverings of plastics from Ghana, accounting for a 58% share of total exports. Moreover, exports of floor, wall or ceiling coverings of plastics to Togo exceeded the volume sent to the second major destination, Cote d'Ivoire (X square meters), fourfold. Mali (X square meters) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Togo stood at +30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+30.2% per year) and Mali (+17.4% per year).

In value terms, the largest markets for plastic floor, wall and ceiling coverings exported from Ghana were Togo ($X), Cote d'Ivoire ($X) and Mali ($X), together comprising 83% of total exports.

Among the main countries of destination, Mali, with a CAGR of +35.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, approximately reflecting the previous year. In general, the export price showed a mild downturn. The most prominent rate of growth was recorded in 2017 an increase of 48% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per square meter), while the average price for exports to Togo ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mali (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Ghana

In 2022, the amount of floor, wall or ceiling coverings of plastics imported into Ghana rose remarkably to X square meters, growing by 11% on 2021. Over the period under review, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 74%. Imports peaked at X square meters in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of floor, wall or ceiling coverings of plastics expanded slightly to $X in 2022. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 39%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, China (X square meters) was the main supplier of plastic floor, wall and ceiling coverings to Ghana, with a 93% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from China exceeded the figures recorded by the second-largest supplier, Thailand (X square meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +14.7%.

In value terms, China ($X) constituted the largest supplier of floor, wall or ceiling coverings of plastics to Ghana, comprising 93% of total imports. The second position in the ranking was held by Thailand ($X), with a 1.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +15.2%.

Import Prices by Country

In 2022, the average import price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, reducing by -7.6% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for floor, wall or ceiling coverings of plastics increased by +28.1% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 54% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2017 to 2022, the average import prices failed to regain momentum.

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 China ($X per square meter), while the price for Thailand amounted to $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :