Report Update Nov 1, 2024

Ghana - Plastic Boxes, Cases, Crates and Similar Packing Articles - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Plastic Box Market 2024

Plastic Box Market Size in Ghana

After four years of growth, the Ghanian plastic box market decreased by -10.4% to $X in 2022. Overall, consumption, however, posted a prominent increase. Plastic box consumption peaked at $X in 2021, and then contracted in the following year.

Plastic Box Exports

Exports from Ghana

For the third year in a row, Ghana recorded decline in overseas shipments of plastic boxes, cases, crates and similar packing articles, which decreased by -35.2% to X tons in 2022. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 179% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic box exports surged to $X in 2022. In general, exports saw a perceptible curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 165%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Togo (X tons) was the main destination for plastic box exports from Ghana, with a 76% share of total exports. Moreover, plastic box exports to Togo exceeded the volume sent to the second major destination, the UK (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Togo amounted to +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+24.6% per year) and South Africa (+61.3% per year).

In value terms, the UK ($X), Togo ($X) and South Africa ($X) were the largest markets for plastic box exported from Ghana worldwide, together accounting for 94% of total exports.

In terms of the main countries of destination, South Africa, with a CAGR of +81.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average plastic box export price amounted to $X per ton, increasing by 135% against the previous year. In general, the export price posted a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Box Imports

Imports into Ghana

In 2022, plastic box imports into Ghana contracted to X tons, reducing by -11.4% against the previous year. Overall, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 119%. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, plastic box imports declined to $X in 2022. Over the period under review, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 150%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

The UK (X tons), China (X tons) and India (X tons) were the main suppliers of plastic box imports to Ghana, with a combined 68% share of total imports. Turkey, South Africa, Egypt, the Netherlands and Belgium lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +56.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic box suppliers to Ghana were China ($X), the UK ($X) and India ($X), together comprising 59% of total imports. Turkey, the Netherlands, Egypt, South Africa and Belgium lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, Turkey, with a CAGR of +52.7%, saw the highest rates of growth with regard to 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 plastic box import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 14%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plastic boxes, cases, crates and similar packing articles in the world?

The countries with the highest volumes of in 2021 were China, Russia and the United States, together accounting for 42% of global consumption.

What are the largest producers of plastic boxes, cases, crates and similar packing articles in the world?

The countries with the highest volumes of in 2021 were China, Russia and the United States, together accounting for 42% of global production.

What are the leading suppliers of plastic boxes, cases, crates and similar packing articles to Ghana?

In value terms, Turkey, the UK and India appeared to be the largest plastic box suppliers to Ghana, with a combined 68% share of total imports.

What are the leading importers of plastic boxes, cases, crates and similar packing articles from Ghana?

In value terms, Burkina Faso remains the key foreign market for plastic box exports from Ghana.

What is the average export price for plastic boxes, cases, crates and similar packing articles in Ghana?

The average plastic box export price stood at $2,663 per ton in 2021, growing by 1.8% against the previous year.

What is the average import price for plastic boxes, cases, crates and similar packing articles in Ghana?

The average plastic box import price stood at $4,107 per ton in 2021, shrinking by -2.7% against the previous year.

This report provides an in-depth analysis of the plastic box market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22221300 - Plastic boxes, cases, crates and similar articles for the conveyance or packing of goods

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023