Report Update Nov 1, 2024

Ghana - Folding Boxboard - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Folding Boxboard Market 2024

Folding Boxboard Market Size in Ghana

In 2021, the Ghanian folding boxboard market decreased by -39.6% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, saw a significant increase. Folding boxboard consumption peaked at $X in 2020, and then fell dramatically in the following year.

Folding Boxboard Exports

Exports from Ghana

Folding boxboard exports from Ghana fell slightly to X tons in 2021, reducing by -2.9% compared with the year before. In general, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 510%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, folding boxboard exports soared to $X in 2021. Over the period under review, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of 376% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Togo (X tons) was the main destination for folding boxboard exports from Ghana, with a 67% share of total exports. Moreover, folding boxboard exports to Togo exceeded the volume sent to the second major destination, Niger (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Togo totaled -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (-1.9% per year) and Benin (+32.5% per year).

In value terms, Togo ($X) remains the key foreign market for folding boxboard exports from Ghana, comprising 79% of total exports. The second position in the ranking was taken by Benin ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Togo totaled +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+30.2% per year) and Niger (-3.8% per year).

Export Prices by Country

The average folding boxboard export price stood at $X per ton in 2021, rising by 20% against the previous year. Overall, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, folding boxboard export price increased by +105.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 72%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Togo ($X per ton), while the average price for exports to Niger ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Togo (+9.0%), while the prices for the other major destinations experienced a decline.

Folding Boxboard Imports

Imports into Ghana

In 2021, purchases abroad of folding boxboard decreased by -41.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2019 when imports increased by 485% against the previous year. Imports peaked at X tons in 2020, and then reduced dramatically in the following year.

In value terms, folding boxboard imports skyrocketed to $X in 2021. Overall, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 216% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of folding boxboard to Ghana, with a 54% share of total imports. Moreover, folding boxboard imports from the UK exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), sixfold. China (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from the UK totaled +135.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+5.7% per year) and China (-4.1% per year).

In value terms, the UK ($X), Indonesia ($X) and Italy ($X) appeared to be the largest folding boxboard suppliers to Ghana, with a combined 46% share of total imports.

In terms of the main suppliers, the UK, with a CAGR of +73.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average folding boxboard import price amounted to $X per ton, rising by 126% against the previous year. Overall, the import price, however, saw a abrupt downturn. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+5.2%), 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 folding boxboard in the world?

China remains the largest folding boxboard consuming country worldwide, accounting for 29% of total volume. Moreover, folding boxboard consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Indonesia ranked third in terms of total consumption with a 5% share.

What are the largest producers of folding boxboard in the world?

China constituted the country with the largest volume of folding boxboard production, accounting for 30% of total volume. Moreover, folding boxboard production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Sweden, with a 6.7% share.

What are the leading suppliers of folding boxboard to Ghana?

In value terms, the UK constituted the largest supplier of folding boxboard to Ghana, comprising 47% of total imports. The second position in the ranking was occupied by China, with a 9.2% share of total imports.

What are the leading importers of folding boxboard from Ghana?

In value terms, Togo remains the key foreign market for folding boxboard exports from Ghana, comprising 77% of total exports. The second position in the ranking was occupied by Benin, with a 17% share of total exports. It was followed by Niger, with a 5.2% share.

What is the average export price for folding boxboard in Ghana?

In 2021, the average folding boxboard export price amounted to $1,521 per ton, growing by 12% against the previous year.

What is the average import price for folding boxboard in Ghana?

The average folding boxboard import price stood at $61 per ton in 2021, declining by -51.2% against the previous year.

This report provides an in-depth analysis of the folding boxboard market 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:

FCL 1618 - Cartonboard

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