Ghana: Market for Rubber-to-Metal and Moulded Articles 2025

Market Size for Rubber-to-Metal and Moulded Articles in Ghana

After two years of decline, the Ghanian rubber-to-metal and moulded article market increased by 120% to $X in 2021. In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Ghana

In 2021, after two years of growth, there was significant decline in shipments abroad of rubber-to-metal and moulded articles, when their volume decreased by -92.6% to X tons. Over the period under review, exports showed a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 619%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, rubber-to-metal and moulded article exports declined dramatically to $X in 2021. Overall, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 358%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for rubber-to-metal and moulded article exports from Ghana, accounting for a 59% share of total exports. Moreover, rubber-to-metal and moulded article exports to Burkina Faso exceeded the volume sent to the second major destination, Nigeria (X kg), threefold. Australia (X kg) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume to Burkina Faso amounted to -16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-30.9% per year) and Australia (-23.6% per year).

In value terms, Burkina Faso ($X), Nigeria ($X) and Australia ($X) appeared to be the largest markets for rubber-to-metal and moulded article exported from Ghana worldwide, with a combined 92% share of total exports. These countries were followed by Sweden, Switzerland and the Netherlands, which together accounted for a further 3.6%.

Switzerland, with a CAGR of +1,176.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average rubber-to-metal and moulded article export price amounted to $X per ton, rising by 183% against the previous year. In general, the export price recorded prominent growth. 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 Nigeria ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+33.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Ghana

In 2021, approx. X tons of rubber-to-metal and moulded articles were imported into Ghana; jumping by 111% on the previous year's figure. In general, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rubber-to-metal and moulded article imports surged to $X in 2021. Overall, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), China (X tons) and Sweden (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Ghana, with a combined 56% share of total imports. These countries were followed by Turkey, the United States, the United Arab Emirates, South Africa and India, which together accounted for a further 6.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +36.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), China ($X) and Sweden ($X) appeared to be the largest rubber-to-metal and moulded article suppliers to Ghana, with a combined 44% share of total imports. The United States, Turkey, South Africa, the United Arab Emirates and India lagged somewhat behind, together accounting for a further 9.7%.

Turkey, with a CAGR of +30.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rubber-to-metal and moulded article import price stood at $X per ton in 2021, rising by 3.4% against the previous year. Overall, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 15%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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