Ghana: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Ghana

In 2022, after four years of growth, there was significant decline in the Ghanian market for plasticised mixed polyvinyl chloride in primary forms, when its value decreased by -5.7% to $X. Overall, consumption, however, recorded a significant increase. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced in the following year.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Ghana

In 2022, shipments abroad of plasticised mixed polyvinyl chloride in primary forms decreased by -4.3% to X tons, falling for the second year in a row after five years of growth. Over the period under review, exports, however, showed a tangible increase. The pace of growth was the most pronounced in 2013 when exports increased by 406% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms declined dramatically to $X in 2022. Overall, exports continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2020 with an increase of 131%. Over the period under review, the exports of reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for exports of plasticised mixed polyvinyl chloride in primary forms from Ghana, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burkina Faso amounted to +4.8%.

In value terms, Burkina Faso ($X) emerged as the key foreign market for plasticised mixed polyvinyl chloride in primary forms exports from Ghana.

From 2012 to 2022, the average annual rate of growth in terms of value to Burkina Faso was relatively modest.

Export Prices by Country

The average export price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, with a decrease of -14.4% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2021 an increase of 121% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Burkina Faso.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to +271.5% per year.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Ghana

In 2022, overseas purchases of plasticised mixed polyvinyl chloride in primary forms decreased by -3.7% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 420%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms contracted to $X in 2022. Over the period under review, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 603%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

Germany (X tons), Cote d'Ivoire (X tons) and China (X tons) were the main suppliers of imports of plasticised mixed polyvinyl chloride in primary forms to Ghana, with a combined 43% share of total imports. South Africa, the United Arab Emirates, Singapore, Belgium, Canada and Spain lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +72.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Cote d'Ivoire ($X) and Singapore ($X) were the largest plasticised mixed polyvinyl chloride in primary forms suppliers to Ghana, with a combined 36% share of total imports. South Africa, China, the United Arab Emirates, Spain, Canada and Belgium lagged somewhat behind, together comprising a further 21%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +76.0%, recorded 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 import price for plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, waning by -2.6% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for plasticised mixed polyvinyl chloride in primary forms increased by +72.2% against 2018 indices. The growth pace was the most rapid in 2020 when the average import price increased by 35%. The import price peaked at $X per ton in 2021, and then dropped modestly in the following year.

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 Singapore ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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