Ghana: Market for Plastic Doors, Windows And Their Frames 2024

Market Size for Plastic Doors, Windows And Their Frames in Ghana

The Ghanian plastic doors and windows market reduced slightly to $X in 2022, approximately reflecting 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). Over the period under review, consumption continues to indicate a prominent expansion. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Exports of Plastic Doors, Windows And Their Frames

Exports from Ghana

In 2022, the amount of plastic doors, windows and their frames exported from Ghana skyrocketed to X units, with an increase of 38% compared with the previous year. Over the period under review, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 1,494%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastic doors and windows exports surged to $X in 2022. In general, exports saw a strong increase. The growth pace was the most rapid in 2016 with an increase of 795%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Nigeria (X units) was the main destination for plastic doors and windows exports from Ghana, with a 73% share of total exports. Moreover, plastic doors and windows exports to Nigeria exceeded the volume sent to the second major destination, Burkina Faso (X units), threefold. Togo (X units) ranked third in terms of total exports with a 0.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nigeria amounted to +18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+34.1% per year) and Togo (-29.1% per year).

In value terms, Nigeria ($X) remains the key foreign market for plastic doors, windows and their frames exports from Ghana, comprising 87% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a 9.3% share of total exports. It was followed by Togo, with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nigeria stood at +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+17.1% per year) and Togo (-32.6% per year).

Export Prices by Country

The average plastic doors and windows export price stood at $X per unit in 2022, increasing by 7.1% against the previous year. Over the period under review, the export price, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in 2014 when the average export price increased by 98% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while the average price for exports to Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+47.1%), while the prices for the other major destinations experienced a decline.

Imports of Plastic Doors, Windows And Their Frames

Imports into Ghana

Plastic doors and windows imports into Ghana rose modestly to X units in 2022, picking up by 2.4% against the previous year. Over the period under review, imports recorded strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 90%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, plastic doors and windows imports declined slightly to $X in 2022. Overall, imports posted a strong expansion. The pace of growth was the most pronounced in 2014 when imports increased by 117%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Turkey (X units) and Italy (X units) were the main suppliers of plastic doors and windows imports to Ghana, with a combined 79% share of total imports. Germany, Indonesia, Brazil and the United States lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +59.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic doors and windows suppliers to Ghana were China ($X), Turkey ($X) and Italy ($X), with a combined 79% share of total imports. Brazil, Indonesia, the United States and Germany lagged somewhat behind, together accounting for a further 13%.

In terms of the main suppliers, Indonesia, with a CAGR of +94.3%, 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 2022, the average plastic doors and windows import price amounted to $X per unit, shrinking by -3.8% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic doors and windows import price decreased by -6.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 75% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 the United States ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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