Report Update Nov 1, 2024

Ghana - Plastic Fittings for Furniture - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Ghana

The Ghanian plastic furniture fittings market soared to $X in 2021, with an increase of 34% against 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 showed resilient growth. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Plastic Furniture Fittings Exports

Exports from Ghana

In 2021, overseas shipments of plastic fittings for furniture decreased by -44.4% to X kg, falling for the second consecutive year after three years of growth. Overall, exports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 2,006%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, plastic furniture fittings exports shrank markedly to $X in 2021. Over the period under review, exports faced a dramatic setback. The growth pace was the most rapid in 2018 with an increase of 1,154% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X kg) was the main destination for plastic furniture fittings exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Cote d'Ivoire stood at -11.5%.

In value terms, Cote d'Ivoire ($X) also remains the key foreign market for plastic fittings for furniture exports from Ghana.

From 2012 to 2021, the average annual rate of growth in terms of value to Cote d'Ivoire totaled -2.8%.

Export Prices by Country

In 2021, the average plastic furniture fittings export price amounted to $X per ton, standing approx. at the previous year. Overall, the export price, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2018 an increase of 243% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 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 Cote d'Ivoire.

From 2012 to 2021, the rate of growth in terms of prices for Cote d'Ivoire amounted to +9.7% per year.

Plastic Furniture Fittings Imports

Imports into Ghana

For the third consecutive year, Ghana recorded growth in overseas purchases of plastic fittings for furniture, which increased by 17% to X tons in 2021. Overall, imports saw strong growth. The growth pace was the most rapid in 2019 with an increase of 721% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, plastic furniture fittings imports soared to $X in 2021. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by 663% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X tons) was the main plastic furniture fittings supplier to Ghana, with a 94% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a 2.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-11.4% per year) and South Africa (+30.3% per year).

In value terms, China ($X) constituted the largest supplier of plastic fittings for furniture to Ghana, comprising 86% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 5.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +47.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.7% per year) and South Africa (+12.0% per year).

Import Prices by Country

The average plastic furniture fittings import price stood at $X per ton in 2021, increasing by 63% against the previous year. Overall, the import price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 232%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, 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 Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plastic fittings for furniture in the world?

China constituted the country with the largest volume of plastic furniture fittings consumption, accounting for 24% of total volume. Moreover, plastic furniture fittings consumption in China exceeded the figures recorded by the second-largest consumer, Russia, twofold. India ranked third in terms of total consumption with an 8.5% share.

What are the largest producers of plastic fittings for furniture in the world?

China remains the largest plastic furniture fittings producing country worldwide, comprising approx. 30% of total volume. Moreover, plastic furniture fittings production in China exceeded the figures recorded by the second-largest producer, Russia, threefold. India ranked third in terms of total production with an 8.5% share.

What are the leading suppliers of plastic fittings for furniture to Ghana?

In value terms, Taiwan Chinese) constituted the largest supplier of plastic furniture fittings to Ghana, comprising 51% of total imports. The second position in the ranking was occupied by China, with a 13% share of total imports. It was followed by the United Arab Emirates, with an 8.8% share.

What are the leading importers of plastic fittings for furniture from Ghana?

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

What is the average export price for plastic fittings for furniture in Ghana?

In 2020, the average plastic furniture fittings export price amounted to $14,565 per ton, growing by 12% against the previous year.

What is the average import price for plastic fittings for furniture in Ghana?

In 2020, the average plastic furniture fittings import price amounted to $5,444 per ton, surging by 28% against the previous year.

This report provides an in-depth analysis of the plastic furniture fittings 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 22292610 - Plastic fittings for furniture, coachwork or the like

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