Ghana: Plastic Self-Adhesive Plate Market 2024

Plastic Self-Adhesive Plate Market Size in Ghana

In 2022, after five years of growth, there was significant decline in the Ghanian plastic self-adhesive plate market, when its value decreased by -10.6% to $X. Overall, consumption, however, continues to indicate significant growth. Plastic self-adhesive plate consumption peaked at $X in 2021, and then dropped in the following year.

Plastic Self-Adhesive Plate Exports

Exports from Ghana

In 2022, shipments abroad of plastic self-adhesive plates, sheets and other flat shapes decreased by -35.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, recorded measured growth. The growth pace was the most rapid in 2013 when exports increased by 307% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastic self-adhesive plate exports fell remarkably to $X in 2022. Overall, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 555%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Burkina Faso (X tons) was the main destination for plastic self-adhesive plate exports from Ghana, accounting for a 59% share of total exports. Moreover, plastic self-adhesive plate exports to Burkina Faso exceeded the volume sent to the second major destination, Niger (X tons), threefold. The third position in this ranking was held by Togo (X tons), with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume to Burkina Faso amounted to +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+13.0% per year) and Togo (+6.6% per year).

In value terms, Burkina Faso ($X), Angola ($X) and South Africa ($X) were the largest markets for plastic self-adhesive plate exported from Ghana worldwide, with a combined 74% share of total exports.

In terms of the main countries of destination, South Africa, with a CAGR of +63.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average plastic self-adhesive plate export price amounted to $X per ton, growing by 7.6% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic self-adhesive plate export price decreased by -19.7% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 62%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sierra Leone (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Self-Adhesive Plate Imports

Imports into Ghana

After five years of growth, overseas purchases of plastic self-adhesive plates, sheets and other flat shapes decreased by -4.7% to X tons in 2022. In general, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 72%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted modestly in the following year.

In value terms, plastic self-adhesive plate imports declined to $X in 2022. Over the period under review, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2013 with an increase of 96% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest plastic self-adhesive plate supplier to Ghana, accounting for a 88% share of total imports. Moreover, plastic self-adhesive plate imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+24.9% per year) and Indonesia (+19.3% per year).

In value terms, China ($X) constituted the largest supplier of plastic self-adhesive plates, sheets and other flat shapes to Ghana, comprising 84% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 4.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +32.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+28.1% per year) and Indonesia (+18.5% per year).

Import Prices by Country

In 2022, the average plastic self-adhesive plate import price amounted to $X per ton, which is down by -8.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2021 an increase of 28%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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