Ghana: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2025

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Ghana

The Ghanian market for polyester tow and staple, not carded, combed or otherwise processed for spinning dropped to $X in 2022, shrinking by -14.9% 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). In general, consumption, however, continues to indicate a significant expansion. Over the period under review, the market reached the peak level at $X in 2021, and then fell in the following year.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Ghana

After three years of growth, overseas shipments of polyester tow and staple, not carded, combed or otherwise processed for spinning decreased by -7.3% to X kg in 2022. Over the period under review, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2014 when exports increased by 84%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning reached $X in 2022. In general, exports showed a abrupt decline. The growth pace was the most rapid in 2014 with an increase of 83% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Niger (X kg) was the main destination for exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Ghana, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Niger was relatively modest.

In value terms, Niger ($X) also remains the key foreign market for polyester tow and staple, not carded, combed or otherwise processed for spinning exports from Ghana.

From 2012 to 2022, the average annual rate of growth in terms of value to Niger stood at +5.0%.

Export Prices by Country

The average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, surging by 8.4% against the previous year. Over the period under review, the export price posted prominent growth. The growth pace was the most rapid in 2018 when the average export price increased by 72% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to +4.1% per year.

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Ghana

In 2022, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning into Ghana shrank sharply to X tons, with a decrease of -15.7% against the year before. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 119% against the previous year. Imports peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning declined to $X in 2022. In general, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 129%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

China (X tons), Thailand (X tons) and Indonesia (X tons) were the main suppliers of imports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Ghana, together accounting for 61% of total imports. Portugal, the UK, South Korea, the United Arab Emirates and Nigeria lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +69.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of polyester tow and staple, not carded, combed or otherwise processed for spinning to Ghana, comprising 32% of total imports. The second position in the ranking was taken by Thailand ($X), with a 14% share of total imports. It was followed by Indonesia, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +59.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+37.3% per year) and Indonesia (+30.7% per year).

Import Prices by Country

In 2022, the average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, growing by 1.6% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 an increase of 58% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Nigeria ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+65.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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