Ghana: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Ghana

The Ghanian multiple-walled insulating glass unit market expanded significantly to $X in 2021, surging by 8.5% against the previous year. Overall, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.3% against 2019 indices. Multiple-walled insulating glass unit consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Multiple-Walled Insulating Units Of Glass in Ghana

In value terms, multiple-walled insulating glass unit production rose significantly to $X in 2021 estimated in export price. In general, the total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.5% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 40%. Multiple-walled insulating glass unit production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Ghana

For the third consecutive year, Ghana recorded decline in shipments abroad of multiple-walled insulating units of glass, which decreased by -16.7% to X square meters in 2021. Over the period under review, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2018 when exports increased by 5,586%. As a result, the exports reached the peak of X square meters. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, multiple-walled insulating glass unit exports dropped to $X in 2021. Overall, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of 6,847%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Togo (X square meters) was the main destination for multiple-walled insulating glass unit exports from Ghana, with a 90% share of total exports. Moreover, multiple-walled insulating glass unit exports to Togo exceeded the volume sent to the second major destination, Burkina Faso (X square meters), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Togo amounted to +61.2%.

In value terms, Togo ($X) remains the key foreign market for multiple-walled insulating units of glass exports from Ghana, comprising 95% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a 5.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Togo stood at +91.0%.

Export Prices by Country

The average multiple-walled insulating glass unit export price stood at $X per square meter in 2021, with an increase of 3.5% against the previous year. In general, the export price recorded prominent growth. The growth pace was the most rapid in 2014 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Togo ($X per square meter), while the average price for exports to Burkina Faso amounted to $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Togo (+19.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Ghana

In 2021, approx. X square meters of multiple-walled insulating units of glass were imported into Ghana; with a decrease of -41.4% against the previous year. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 461% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, multiple-walled insulating glass unit imports declined notably to $X in 2021. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 417%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X square meters) constituted the largest supplier of multiple-walled insulating glass unit to Ghana, with a 70% share of total imports. Moreover, multiple-walled insulating glass unit imports from Turkey exceeded the figures recorded by the second-largest supplier, India (X square meters), fivefold. The third position in this ranking was taken by China (X square meters), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +97.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+34.4% per year) and China (+3.7% per year).

In value terms, India ($X), Turkey ($X) and China ($X) were the largest multiple-walled insulating glass unit suppliers to Ghana, with a combined 88% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +67.4%, saw the highest growth rate of 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 multiple-walled insulating glass unit import price stood at $X per square meter in 2021, reducing by -40.5% against the previous year. Overall, the import price showed a perceptible setback. The pace of growth appeared the most rapid in 2020 when the average import price increased by 29%. As a result, import price attained the peak level of $X per square meter, and then reduced remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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