Ghana: Market for Mattresses other than of cellular rubber or plastics 2024

Market Size for Mattresses other than of cellular rubber or plastics in Ghana

The Ghanian market for mattresses other than of cellular rubber or plastics declined dramatically to $X in 2022, with a decrease of -16.9% 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 recorded a pronounced decline. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Mattresses other than of cellular rubber or plastics

Exports from Ghana

Exports of mattresses other than of cellular rubber or plastics from Ghana expanded to X units in 2022, surging by 2.6% against the year before. Overall, exports, however, saw a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of 1,669%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of mattresses other than of cellular rubber or plastics stood at $X in 2022. Over the period under review, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 1,237%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Togo (X units) was the main destination for exports of mattresses other than of cellular rubber or plastics from Ghana, accounting for a 68% share of total exports. Moreover, exports of mattresses other than of cellular rubber or plastics to Togo exceeded the volume sent to the second major destination, the UK (X units), sevenfold. Burkina Faso (X units) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to Togo amounted to +49.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+6.5% per year) and Burkina Faso (-27.2% per year).

In value terms, Togo ($X) remains the key foreign market for mattresses other than of cellular rubber or plastics exports from Ghana, comprising 81% of total exports. The second position in the ranking was held by the UK ($X), with a 9.6% share of total exports. It was followed by Burkina Faso, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value to Togo amounted to +53.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+11.2% per year) and Burkina Faso (-23.8% per year).

Export Prices by Country

In 2022, the average export price for mattresses other than of cellular rubber or plastics amounted to $X per unit, picking up by 4.2% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mattresses other than of cellular rubber or plastics decreased by -1.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 39%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Togo ($X per unit), while the average price for exports to Benin ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mattresses other than of cellular rubber or plastics

Imports into Ghana

In 2022, the amount of mattresses other than of cellular rubber or plastics imported into Ghana dropped to X units, with a decrease of -9.1% against the previous year. Over the period under review, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 282%. Over the period under review, imports of reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of mattresses other than of cellular rubber or plastics fell sharply to $X in 2022. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 271% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest mattresses other than of cellular rubber or plastics supplier to Ghana, accounting for a 63% share of total imports. Moreover, imports of mattresses other than of cellular rubber or plastics from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), eightfold. The third position in this ranking was taken by Turkey (X units), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-6.2% per year) and Turkey (+30.8% per year).

In value terms, China ($X) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Ghana, comprising 36% of total imports. The second position in the ranking was held by the UK ($X), with a 12% share of total imports. It was followed by Turkey, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+0.0% per year) and Turkey (+32.0% per year).

Import Prices by Country

The average import price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, with a decrease of -13.5% against the previous year. Over the period under review, the import price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2013 an increase of 38%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a 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 Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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