Report Update Nov 1, 2024

Ghana - Insulating Board - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Insulating Board Market 2024

Insulating Board Market Size in Ghana

The Ghanian insulating board market reached $X in 2022, remaining constant against the previous year. Overall, consumption, however, showed a deep setback. Insulating board consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Insulating Board Production in Ghana

In value terms, insulating board production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep slump. The growth pace was the most rapid in 2015 with an increase of 37% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Insulating Board Exports

Exports from Ghana

In 2022, shipments abroad of insulating board decreased by -1.6% to X cubic meters, falling for the third consecutive year after two years of growth. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 247%. As a result, the exports attained the peak of X cubic meters. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, insulating board exports contracted to $X in 2022. In general, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 265% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Niger (X cubic meters) was the main destination for insulating board exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Niger amounted to +62.2%.

In value terms, Niger ($X) also remains the key foreign market for insulating board exports from Ghana.

From 2012 to 2022, the average annual growth rate of value to Niger stood at +68.7%.

Export Prices by Country

In 2022, the average insulating board export price amounted to $X per cubic meter, declining by -11.9% against the previous year. In general, the export price saw a deep slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 98%. As a result, the export price attained the peak level of $X per cubic meter. From 2015 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to +4.0% per year.

Insulating Board Imports

Imports into Ghana

In 2022, the amount of insulating board imported into Ghana dropped significantly to X cubic meters, falling by -60.9% against 2021. Over the period under review, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2013 when imports increased by 169% against the previous year. Over the period under review, imports attained the peak figure at X cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, insulating board imports fell markedly to $X in 2022. In general, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 99%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X cubic meters) constituted the largest insulating board supplier to Ghana, accounting for a 51% share of total imports. Moreover, insulating board imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X cubic meters), threefold. Vietnam (X cubic meters) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+2.7% per year) and Vietnam (+31.1% per year).

In value terms, China ($X), Portugal ($X) and Malaysia ($X) appeared to be the largest insulating board suppliers to Ghana, together accounting for 77% of total imports.

Among the main suppliers, China, with a CAGR of +24.6%, saw 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

The average insulating board import price stood at $X per cubic meter in 2022, surging by 39% against the previous year. Over the period under review, the import price, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2020 when the average import price increased by 51%. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per cubic meter), while the price for China ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+12.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for insulating board in the world?

China constituted the country with the largest volume of insulating board consumption, accounting for 26% of total volume. Moreover, insulating board consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 9.6% share.

What are the largest producers of insulating board in the world?

The country with the largest volume of insulating board production was China, accounting for 26% of total volume. Moreover, insulating board production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 9.6% share.

What are the leading suppliers of insulating board to Ghana?

In value terms, China constituted the largest supplier of insulating board to Ghana, comprising 64% of total imports. The second position in the ranking was occupied by Portugal, with an 11% share of total imports. It was followed by Malaysia, with an 8.2% share.

What are the leading importers of insulating board from Ghana?

In value terms, Niger remains the key foreign market for insulating board exports from Ghana.

What is the average export price for insulating board in Ghana?

In 2021, the average insulating board export price amounted to $217 per cubic meter, which is down by -5% against the previous year.

What is the average import price for insulating board in Ghana?

In 2021, the average insulating board import price amounted to $269 per cubic meter, dropping by -34.1% against the previous year.

This report provides an in-depth analysis of the insulating board 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 1650 - Other fibreboard

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