Ghana: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in Ghana

In 2022, the Ghanian market for mattresses of cellular rubber or plastics decreased by -9.5% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, posted significant growth. Consumption of peaked at $X in 2021, and then reduced in the following year.

Production of Mattresses of cellular rubber or plastics in Ghana

In value terms, production of mattresses of cellular rubber or plastics declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 22%. As a result, production attained the peak level of $X. From 2018 to 2022, production of growth remained at a somewhat lower figure.

Exports of Mattresses of cellular rubber or plastics

Exports from Ghana

In 2022, approx. X units of mattresses of cellular rubber or plastics were exported from Ghana; waning by -47.7% against the previous year's figure. Over the period under review, exports recorded a dramatic contraction. The pace of growth was the most pronounced in 2019 when exports increased by 170%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of mattresses of cellular rubber or plastics contracted to $X in 2022. Overall, exports faced a sharp descent. The pace of growth was the most pronounced in 2019 when exports increased by 179% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Niger (X units) and the United States (X units) were the main destinations of exports of mattresses of cellular rubber or plastics from Ghana.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +335.9%).

In value terms, the United States ($X) emerged as the key foreign market for mattresses of cellular rubber or plastics exports from Ghana, comprising 87% of total exports. The second position in the ranking was held by Niger ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +435.5%.

Export Prices by Country

The average export price for mattresses of cellular rubber or plastics stood at $X per unit in 2022, increasing by 63% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Niger totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+22.9%), while the prices for the other major destinations experienced a decline.

Imports of Mattresses of cellular rubber or plastics

Imports into Ghana

In 2022, after three years of growth, there was significant decline in overseas purchases of mattresses of cellular rubber or plastics, when their volume decreased by -21.5% to X units. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 441%. Over the period under review, imports of reached the maximum at X units in 2021, and then declined rapidly in the following year.

In value terms, imports of mattresses of cellular rubber or plastics dropped rapidly to $X in 2022. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 318% against the previous year. Imports peaked at $X in 2021, and then declined sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest mattresses of cellular rubber or plastics supplier to Ghana, with a 60% share of total imports. Moreover, imports of mattresses of cellular rubber or plastics from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +34.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+29.7% per year) and Spain (+15.4% per year).

In value terms, China ($X) constituted the largest supplier of mattresses of cellular rubber or plastics to Ghana, comprising 40% of total imports. The second position in the ranking was held by Italy ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +35.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+27.7% per year) and Spain (+11.9% per year).

Import Prices by Country

In 2022, the average import price for mattresses of cellular rubber or plastics amounted to $X per unit, remaining relatively unchanged against the previous year. Overall, the import price, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 79%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for China ($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 (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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