Ghana: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2025

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Ghana

In 2021, the Ghanian market for other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 0.8% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption continues to indicate a abrupt decline. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Ghana

Exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Ghana was estimated at X kg in 2021, surging by 5.9% on 2020 figures. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 224%. As a result, the exports attained the peak of X kg. From 2019 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning declined to $X in 2021. In general, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 112% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

South Africa (X kg) was the main destination for exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to South Africa was relatively modest.

In value terms, South Africa ($X) emerged as the key foreign market for other synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Ghana.

From 2012 to 2021, the average annual rate of growth in terms of value to South Africa totaled +16.2%.

Export Prices by Country

The average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, waning by -7.7% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 244% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to +15.5% per year.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Ghana

In 2021, supplies from abroad of other synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by less than 0.1% to X tons, falling for the fifth year in a row after three years of growth. Over the period under review, imports recorded a deep setback. The pace of growth was the most pronounced in 2016 when imports increased by 65%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning expanded to $X in 2021. Overall, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of 29% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

China (X tons), South Africa (X tons) and the United States (X tons) were the main suppliers of imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Ghana, with a combined 96% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +21.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Ghana were China ($X), South Africa ($X) and South Korea ($X), together accounting for 97% of total imports.

South Africa, with a CAGR of +18.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, surging by 1.9% against the previous year. Overall, the import price, however, saw a abrupt decline. The pace of growth was the most pronounced in 2013 when the average import price increased by 10%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+16.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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