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Report Ghana - Jute and Jute-Like Fibers - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Ghana - Jute and Jute-Like Fibers - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in Ghana

The Ghanian jute and jute-like fibers market declined to $X in 2022, dropping by -4% 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 continues to indicate a pronounced curtailment. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Exports of Jute And Jute-Like Fibers

Exports from Ghana

Jute and jute-like fibers exports from Ghana amounted to X kg in 2017, almost unchanged from the year before. Overall, exports faced a precipitous decrease. The smallest decline of 99.9% was in 2014. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2017, the exports stood at a somewhat lower figure.

In value terms, jute and jute-like fibers exports totaled $X in 2017. In general, exports saw a dramatic downturn. The smallest decline of 99.9% was in 2014. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2017, the exports failed to regain momentum.

Exports by Country

Switzerland (X kg) was the main destination for jute and jute-like fibers exports from Ghana, accounting for a approx. 100% share of total exports.

From 2013 to 2017, the average annual rate of growth in terms of volume to Switzerland was relatively modest.

From 2013 to 2017, the average annual growth rate of value to Switzerland was relatively modest.

Export Prices by Country

In 2017, the average jute and jute-like fibers export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price posted resilient growth. The most prominent rate of growth was recorded in 2014 when the average export price decreased by 99.9% against the previous year. The export price peaked in 2017 and is likely to see steady growth in the immediate term.

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

From 2013 to 2017, the rate of growth in terms of prices for Switzerland amounted to 0.0% per year.

Imports of Jute And Jute-Like Fibers

Imports into Ghana

In 2022, imports of jute and jute-like fibers into Ghana fell slightly to X tons, dropping by -2% on the previous year's figure. Over the period under review, imports continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2014 when imports increased by 60% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, jute and jute-like fibers imports contracted to $X in 2022. In general, imports recorded a noticeable downturn. The growth pace was the most rapid in 2014 when imports increased by 105% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Kenya (X tons) constituted the largest jute and jute-like fibers supplier to Ghana, accounting for a 76% share of total imports. Moreover, jute and jute-like fibers imports from Kenya exceeded the figures recorded by the second-largest supplier, Tanzania (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kenya amounted to +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (+20.0% per year) and India (-39.4% per year).

In value terms, Kenya ($X) constituted the largest supplier of jute and jute-like fibers to Ghana, comprising 75% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Kenya amounted to +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (+26.6% per year) and India (-33.9% per year).

Import Prices by Country

In 2022, the average jute and jute-like fibers import price amounted to $X per ton, declining by -2.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2014 an increase of 28%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of jute and jute-like fibers consumption in 2020 were India, Bangladesh and China, together accounting for 92% of global consumption.
The countries with the highest volumes of jute and jute-like fibers production in 2020 were India and Bangladesh.
In value terms, the largest jute and jute-like fibers suppliers to Ghana were Kenya, Tanzania and India, with a combined 99% share of total imports.
In 2020, the average jute and jute-like fibers import price amounted to $1,319 per ton, which is down by -9.3% against the previous year.

This report provides an in-depth analysis of the market for jute and jute-like fibers 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 780 - Jute
  • FCL 782 - Jute-like fibres

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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