Report Update Nov 1, 2024

Ghana - Plastic Parts for Lamps and Lighting Fittings - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in Ghana

The Ghanian lamp plastic parts market skyrocketed to $X in 2021, picking up by 97% 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). Overall, consumption continues to indicate a noticeable expansion. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Lamp Plastic Parts Exports

Exports from Ghana

In 2019, lamp plastic parts exports from Ghana surged to X kg, growing by 258% against the year before. Overall, exports showed a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 938%. As a result, the exports reached the peak of X kg. From 2017 to 2019, the growth of the exports failed to regain momentum.

In value terms, lamp plastic parts exports surged to $X in 2019. In general, exports recorded a modest expansion. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2019, the exports remained at a lower figure.

Exports by Country

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

From 2013 to 2019, the average annual rate of growth in terms of volume to Cote d'Ivoire stood at +13.6%.

In value terms, Cote d'Ivoire ($X) emerged as the key foreign market for plastic parts for lamps and lighting fittings exports from Ghana.

From 2013 to 2019, the average annual growth rate of value to Cote d'Ivoire totaled +1.4%.

Export Prices by Country

In 2019, the average lamp plastic parts export price amounted to $X per ton, increasing by 32% against the previous year. Overall, the export price, however, recorded a deep setback. The export price peaked at $X per ton in 2013; however, from 2014 to 2019, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2013 to 2019, the rate of growth in terms of prices for Cote d'Ivoire amounted to -10.8% per year.

Lamp Plastic Parts Imports

Imports into Ghana

Lamp plastic parts imports into Ghana surged to X tons in 2021, jumping by 47% against the previous year's figure. In general, imports, however, continue to indicate a mild slump. The growth pace was the most rapid in 2019 with an increase of 289% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, lamp plastic parts imports surged to $X in 2021. Overall, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 882%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest lamp plastic parts supplier to Ghana, with a 85% share of total imports. Moreover, lamp plastic parts imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), eightfold. The third position in this ranking was taken by Italy (X tons), with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+100.0% per year) and Italy (-17.4% per year).

In value terms, China ($X) constituted the largest supplier of plastic parts for lamps and lighting fittings to Ghana, comprising 92% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 3.2% share of total imports. It was followed by Japan, with a 1.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-6.6% per year) and Japan (+112.0% per year).

Import Prices by Country

In 2021, the average lamp plastic parts import price amounted to $X per ton, growing by 70% against the previous year. Over the period under review, the import price posted a prominent expansion. The most prominent rate of growth was recorded in 2019 an increase of 153%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.8%), 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 parts for lamps and lighting fittings in the world?

The countries with the highest volumes of lamp plastic parts consumption in 2020 were China, the United States and Japan, together accounting for 58% of global consumption.

What are the largest producers of plastic parts for lamps and lighting fittings in the world?

China remains the largest lamp plastic parts producing country worldwide, comprising approx. 51% of total volume. Moreover, lamp plastic parts production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by Japan, with a 5.6% share.

What are the leading suppliers of plastic parts for lamps and lighting fittings to Ghana?

In value terms, China constituted the largest supplier of lamp plastic parts to Ghana, comprising 65% of total imports. The second position in the ranking was occupied by Italy, with a 13% share of total imports.

What is the average export price for plastic parts for lamps and lighting fittings in Ghana?

The average lamp plastic parts export price stood at $4,458 per ton in 2019, picking up by 7.8% against the previous year.

What is the average import price for plastic parts for lamps and lighting fittings in Ghana?

The average lamp plastic parts import price stood at $2,086 per ton in 2020, dropping by -60.2% against the previous year.

This report provides an in-depth analysis of the lamp plastic parts 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 22292400 - Plastic parts for lamps, lighting fittings and illuminated signs and name-plates

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