Ghana: Assembled Parquet Panels Market 2024

Assembled Parquet Panels Market Size in Ghana

The Ghanian assembled parquet panels market amounted to $X in 2021, surging by 7.4% against the previous year. Overall, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.3% against 2019 indices. Assembled parquet panels consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Assembled Parquet Panels Production in Ghana

In value terms, assembled parquet panels production amounted to $X in 2021 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.7% 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 -10.5% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 61% against the previous year. Assembled parquet panels production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Assembled Parquet Panels Exports

Exports from Ghana

In 2021, the amount of assembled parquet panels exported from Ghana fell remarkably to X tons, shrinking by -73.8% on 2020 figures. Over the period under review, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 880% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, assembled parquet panels exports soared to $X in 2021. Overall, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 7,533% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Israel (X tons) was the main destination for assembled parquet panels exports from Ghana, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Israel was relatively modest.

In value terms, Israel ($X) emerged as the key foreign market for assembled parquet panels exports from Ghana.

From 2012 to 2021, the average annual growth rate of value to Israel was relatively modest.

Export Prices by Country

The average assembled parquet panels export price stood at $X per ton in 2021, rising by 521% against the previous year. In general, the export price enjoyed a buoyant expansion. The growth pace was the most rapid in 2019 an increase of 18,993%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Sierra Leone amounted to -42.9% per year.

Assembled Parquet Panels Imports

Imports into Ghana

In 2021, approx. X tons of assembled parquet panels were imported into Ghana; growing by 17% compared with the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 108% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, assembled parquet panels imports skyrocketed to $X in 2021. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 58%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of assembled parquet panels to Ghana, with a 52% share of total imports. Moreover, assembled parquet panels imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. South Africa (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+36.3% per year) and South Africa (+7.6% per year).

In value terms, China ($X), South Africa ($X) and Lebanon ($X) appeared to be the largest assembled parquet panels suppliers to Ghana, with a combined 66% share of total imports.

Lebanon, with a CAGR of +105.9%, recorded the highest growth rate of 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 assembled parquet panels import price stood at $X per ton in 2021, jumping by 34% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 52% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+56.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :