Ghana: Market for Non-Refractory Clay Constructional Products 2024

Market Size for Non-Refractory Clay Constructional Products in Ghana

The Ghanian non-refractory clay constructional products market declined rapidly to $X in 2022, waning by -38.6% 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 recorded a abrupt decrease. Non-refractory clay constructional products consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Non-Refractory Clay Constructional Products

Exports from Ghana

In 2022, shipments abroad of non-refractory clay constructional products decreased by -2.8% to X tons for the first time since 2011, thus ending a ten-year rising trend. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 267%. The exports peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, non-refractory clay constructional products exports contracted modestly to $X in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 117% against the previous year. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Togo (X tons) was the main destination for non-refractory clay constructional products exports from Ghana, with a 94% share of total exports. Moreover, non-refractory clay constructional products exports to Togo exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Togo stood at +34.2%.

In value terms, Togo ($X) remains the key foreign market for non-refractory clay constructional products exports from Ghana, comprising 95% of total exports. The second position in the ranking was taken by the United States ($X), with a 4.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Togo amounted to +24.6%.

Export Prices by Country

In 2022, the average non-refractory clay constructional products export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 6.1% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Togo ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Togo (-7.2%).

Imports of Non-Refractory Clay Constructional Products

Imports into Ghana

In 2022, approx. X tons of non-refractory clay constructional products were imported into Ghana; reducing by -45% against 2021 figures. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 685%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, non-refractory clay constructional products imports declined significantly to $X in 2022. In general, imports showed a perceptible downturn. The pace of growth appeared the most rapid in 2017 with an increase of 653%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest non-refractory clay constructional products supplier to Ghana, with a 64% share of total imports. Moreover, non-refractory clay constructional products imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), tenfold. The third position in this ranking was held by the Czech Republic (X tons), with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-26.5% per year) and the Czech Republic (+6.0% per year).

In value terms, the largest non-refractory clay constructional products suppliers to Ghana were China ($X), the Czech Republic ($X) and Belgium ($X), together accounting for 51% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +19.7%, recorded 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

In 2022, the average non-refractory clay constructional products import price amounted to $X per ton, picking up by 28% against the previous year. In general, the import price showed a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 182% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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 ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :