Ghana: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Ghana

The Ghanian market for plastic plates, sheets, film, foil and strip surged to $X in 2021, jumping by 19% 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, however, showed a prominent increase. Consumption of peaked in 2021 and is likely to continue growth in the immediate term.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Ghana

In 2021, shipments abroad of plastic plates, sheets, film, foil and strip decreased by -41.8% to X tons, falling for the third consecutive year after two years of growth. In general, exports showed a mild downturn. The growth pace was the most rapid in 2014 when exports increased by 121%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of plastic plates, sheets, film, foil and strip fell to $X in 2021. Overall, exports saw a deep downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 452%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Togo (X tons), Niger (X tons) and Burkina Faso (X tons) were the main destinations of exports of plastic plates, sheets, film, foil and strip from Ghana, together accounting for 98% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Togo (with a CAGR of +11.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic plate, sheet, film, foil and strip exported from Ghana were Togo ($X), Burkina Faso ($X) and Niger ($X), together accounting for 85% of total exports.

Among the main countries of destination, Togo, with a CAGR of +6.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for plastic plates, sheets, film, foil and strip amounted to $X per ton, with an increase of 50% against the previous year. Overall, the export price, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2014 when the average export price increased by 150% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Niger ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (-2.5%), while the prices for the other major destinations experienced a decline.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Ghana

In 2021, imports of plastic plates, sheets, film, foil and strip into Ghana declined to X tons, with a decrease of -2.9% against the year before. In general, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 130% against the previous year. Over the period under review, imports of hit record highs at X tons in 2020, and then shrank modestly in the following year.

In value terms, imports of plastic plates, sheets, film, foil and strip surged to $X in 2021. Over the period under review, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 94%. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest plastic plate, sheet, film, foil and strip supplier to Ghana, accounting for a 45% share of total imports. Moreover, imports of plastic plates, sheets, film, foil and strip from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Thailand (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +31.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+5.3% per year) and Thailand (+12.1% per year).

In value terms, China ($X) constituted the largest supplier of plastic plates, sheets, film, foil and strip to Ghana, comprising 45% of total imports. The second position in the ranking was taken by India ($X), with an 18% share of total imports. It was followed by Thailand, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +37.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.1% per year) and Thailand (+9.5% per year).

Import Prices by Country

In 2021, the average import price for plastic plates, sheets, film, foil and strip amounted to $X per ton, jumping by 32% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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