Report Update Nov 1, 2024

Ghana - Glass Fibre Mats - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in Ghana

The Ghanian glass fibre mat market shrank to $X in 2022, with a decrease of -13.5% 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, however, continues to indicate a resilient increase. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Glass Fibre Mat Exports

Exports from Ghana

In 2022, after four years of growth, there was significant decline in overseas shipments of glass fibre mats, when their volume decreased by -7.2% to X tons. Over the period under review, exports, however, continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2018 with an increase of 216% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, glass fibre mat exports contracted to $X in 2022. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 205%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Angola (X tons) was the main destination for glass fibre mat exports from Ghana, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Angola totaled +2.7%.

In value terms, Angola ($X) also remains the key foreign market for glass fibre mats exports from Ghana.

From 2012 to 2022, the average annual rate of growth in terms of value to Angola stood at -6.0%.

Export Prices by Country

In 2022, the average glass fibre mat export price amounted to $X per ton, increasing by 5% against the previous year. Over the period under review, the export price, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by 14%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Angola amounted to -8.5% per year.

Glass Fibre Mat Imports

Imports into Ghana

After three years of growth, supplies from abroad of glass fibre mats decreased by -11.6% to X tons in 2022. In general, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of 911% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then fell in the following year.

In value terms, glass fibre mat imports fell to $X in 2022. Over the period under review, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 678% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of glass fibre mat to Ghana, with a 69% share of total imports. Moreover, glass fibre mat imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), sevenfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+74.6% per year) and the United Arab Emirates (+36.2% per year).

In value terms, China ($X) constituted the largest supplier of glass fibre mats to Ghana, comprising 58% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 10% share of total imports. It was followed by South Africa, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+68.6% per year) and South Africa (+7.9% per year).

Import Prices by Country

The average glass fibre mat import price stood at $X per ton in 2022, waning by -3.8% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the average import price increased by 44%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass fibre mats in the world?

China remains the largest glass fibre mat consuming country worldwide, accounting for 19% of total volume. Moreover, glass fibre mat consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with an 8.4% share.

What are the largest producers of glass fibre mats in the world?

China remains the largest glass fibre mat producing country worldwide, comprising approx. 33% of total volume. Moreover, glass fibre mat production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The United States ranked third in terms of total production with a 7.5% share.

What are the leading suppliers of glass fibre mats to Ghana?

In value terms, the largest glass fibre mat suppliers to Ghana were China, South Africa and India, together comprising 68% of total imports. The United Arab Emirates, Saudi Arabia, Italy and France lagged somewhat behind, together accounting for a further 21%.

What are the leading importers of glass fibre mats from Ghana?

In value terms, Angola remains the key foreign market for glass fibre mat exports from Ghana.

What is the average export price for glass fibre mats in Ghana?

In 2021, the average glass fibre mat export price amounted to $1,591 per ton, surging by 4.9% against the previous year.

What is the average import price for glass fibre mats in Ghana?

In 2021, the average glass fibre mat import price amounted to $1,191 per ton, dropping by -8.3% against the previous year.

This report provides an in-depth analysis of the glass fibre mat 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:

Prodcom 23141162 - Glass fibre mats made of filaments
Prodcom 23141217 - Glass fibre mats made of glass wool
Prodcom 23141210 -
Prodcom 23141220 -

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