Report Update Nov 1, 2024

Ghana - Ink-Pads - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Ink-Pad Market 2024

Ink-Pad Market Size in Ghana

The Ghanian ink-pad market surged to $X in 2022, with an increase of 127% 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). Overall, consumption, however, recorded a drastic downturn. Ink-pad consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ink-Pad Exports

Exports from Ghana

After two years of decline, shipments abroad of ink-pads decreased by 0% to X units in 2020. Overall, exports faced a sharp decline. The pace of growth appeared the most rapid in 2013 with an increase of 68%. As a result, the exports reached the peak of X units. From 2014 to 2020, the growth of the exports remained at a lower figure.

In value terms, ink-pad exports stood at $X in 2020. Over the period under review, exports showed a sharp contraction. The growth pace was the most rapid in 2013 when exports increased by 1,134%. As a result, the exports reached the peak of $X. From 2014 to 2020, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X units) was the main destination for ink-pad exports from Ghana, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Cote d'Ivoire was relatively modest.

From 2012 to 2020, the average annual rate of growth in terms of value to Cote d'Ivoire was relatively modest.

Export Prices by Country

The average ink-pad export price stood at $X per unit in 2020, remaining relatively unchanged against the previous year. Overall, the export price posted resilient growth. The most prominent rate of growth was recorded in 2013 an increase of 634% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2020, 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 Cote d'Ivoire.

From 2012 to 2020, the rate of growth in terms of prices for Burkina Faso amounted to +20.6% per year.

Ink-Pad Imports

Imports into Ghana

In 2022, the amount of ink-pads imported into Ghana skyrocketed to X units, growing by 91% on the year before. Over the period under review, imports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of 252%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ink-pad imports soared to $X in 2022. Overall, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 374%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X units) constituted the largest supplier of ink-pad to Ghana, accounting for a 58% share of total imports. Moreover, ink-pad imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Canada (X units) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand stood at +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-28.9% per year) and Canada (+26.0% per year).

In value terms, Thailand ($X), Taiwan (Chinese) ($X) and China ($X) were the largest ink-pad suppliers to Ghana, together comprising 44% of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +32.4%, recorded the highest growth rate of 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 2022, the average ink-pad import price amounted to $X per unit, picking up by 48% against the previous year. Over the period under review, the import price posted a resilient expansion. The growth pace was the most rapid in 2019 an increase of 53% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Nigeria (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.0%), 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 ink-pads in the world?

South Africa remains the largest ink-pad consuming country worldwide, accounting for 86% of total volume. It was followed by the United States, with a 1.9% share of total consumption.

What are the largest producers of ink-pads in the world?

The country with the largest volume of ink-pad production was South Africa, comprising approx. 98% of total volume.

What are the leading suppliers of ink-pads to Ghana?

In value terms, China constituted the largest supplier of ink-pad to Ghana, comprising 81% of total imports. The second position in the ranking was occupied by the UK, with a 5.9% share of total imports. It was followed by Thailand, with a 4.1% share.

What is the average export price for ink-pads in Ghana?

In 2017, the average ink-pad export price amounted to $0.8 per unit, almost unchanged from the previous year.

What is the average import price for ink-pads in Ghana?

In 2021, the average ink-pad import price amounted to $0.4 per unit, with an increase of 4.9% against the previous year.

This report provides an in-depth analysis of the ink-pad 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 32991650 - Ink-pads (excluding hand operated ink-rollers)

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