Report Update Nov 1, 2024

Ghana - Plastic Containers - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Plastic Container Market 2024

Plastic Container Market Size in Ghana

In 2021, after three years of growth, there was decline in the Ghanian plastic container market, when its value decreased by -4.5% to $X. Over the period under review, consumption, however, posted a strong expansion. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Plastic Container Production in Ghana

In value terms, plastic container production dropped to $X in 2021 estimated in export price. Overall, production, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 71% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell slightly in the following year.

Plastic Container Exports

Exports from Ghana

In 2021, approx. X tons of plastic containers were exported from Ghana; declining by -45.2% compared with the previous year. Over the period under review, exports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2015 with an increase of 2,456% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, plastic container exports declined significantly to $X in 2021. Overall, exports showed a sharp curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 1,951% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Togo (X tons) was the main destination for plastic container exports from Ghana, with a 89% share of total exports. Moreover, plastic container exports to Togo exceeded the volume sent to the second major destination, Burkina Faso (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Togo amounted to -20.9%.

In value terms, Togo ($X) and Burkina Faso ($X) appeared to be the largest markets for plastic container exported from Ghana worldwide.

Togo, with a CAGR of -16.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average plastic container export price stood at $X per ton in 2021, growing by 16% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 117% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Togo stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+38.1%).

Plastic Container Imports

Imports into Ghana

In 2021, imports of plastic containers into Ghana shrank markedly to X tons, waning by -46% on 2020 figures. Overall, imports, however, saw a tangible expansion. The pace of growth was the most pronounced in 2017 when imports increased by 53%. Over the period under review, imports reached the maximum at X tons in 2020, and then contracted remarkably in the following year.

In value terms, plastic container imports dropped remarkably to $X in 2021. In general, imports, however, posted a slight increase. The pace of growth was the most pronounced in 2017 with an increase of 74% against the previous year. Imports peaked at $X in 2020, and then plummeted in the following year.

Imports by Country

China (X tons), India (X tons) and Oman (X tons) were the main suppliers of plastic container imports to Ghana, together comprising 70% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +44.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic container suppliers to Ghana were China ($X), Oman ($X) and India ($X), together comprising 68% of total imports.

Among the main suppliers, China, with a CAGR of +40.5%, 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

In 2021, the average plastic container import price amounted to $X per ton, falling by -4.2% against the previous year. Overall, the import price showed a pronounced decrease. The pace of growth appeared the most rapid in 2019 when the average import price increased by 20%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plastic containers in the world?

The country with the largest volume of plastic container consumption was China, comprising approx. 21% of total volume. Moreover, plastic container consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 7.6% share.

What are the largest producers of plastic containers in the world?

China constituted the country with the largest volume of plastic container production, accounting for 23% of total volume. Moreover, plastic container production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 6.8% share.

What are the leading suppliers of plastic containers to Ghana?

In value terms, the United Arab Emirates constituted the largest supplier of plastic container to Ghana.

What are the leading importers of plastic containers from Ghana?

In value terms, the largest markets for plastic container exported from Ghana were Kenya, Belgium and Nigeria, with a combined 69% share of total exports.

What is the average export price for plastic containers in Ghana?

The average plastic container export price stood at $2,402 per ton in 2020, jumping by 46% against the previous year.

What is the average import price for plastic containers in Ghana?

The average plastic container import price stood at $2,997 per ton in 2020, increasing by 16% against the previous year.

This report provides an in-depth analysis of the plastic container 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 22221950 - Articles for the conveyance or packaging of goods, of plastics (excluding boxes, cases, crates and similar articles, sacks and bags, including cones, carboys, bottles, flasks and similar articles, spools, spindles, bobbins and similar supports, s toppers, lids, caps and other closures)

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