Report Update Nov 1, 2024

Ghana - Polymethyl Methacrylate in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Ghana

The Ghanian polymethyl methacrylate market rose significantly to $X in 2022, with an increase of 7.5% against the previous year. In general, consumption saw buoyant growth. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Polymethyl Methacrylate Production in Ghana

In value terms, polymethyl methacrylate production amounted to $X in 2022 estimated in export price. Overall, production enjoyed a measured expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 65% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Polymethyl Methacrylate Exports

Exports from Ghana

In 2022, overseas shipments of polymethyl methacrylate in primary forms decreased by -8.3% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 212% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then reduced in the following year.

In value terms, polymethyl methacrylate exports rose slightly to $X in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 191%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for polymethyl methacrylate exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burkina Faso totaled +39.5%.

In value terms, Burkina Faso ($X) also remains the key foreign market for polymethyl methacrylate in primary forms exports from Ghana.

From 2012 to 2022, the average annual rate of growth in terms of value to Burkina Faso amounted to +25.8%.

Export Prices by Country

The average polymethyl methacrylate export price stood at $X per ton in 2022, growing by 11% against the previous year. Over the period under review, the export price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 43% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 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 Burkina Faso amounted to -9.8% per year.

Polymethyl Methacrylate Imports

Imports into Ghana

In 2022, approx. X tons of polymethyl methacrylate in primary forms were imported into Ghana; rising by 76% on 2021 figures. In general, imports saw a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 1,128% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, polymethyl methacrylate imports soared to $X in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,424%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Portugal (X tons) constituted the largest polymethyl methacrylate supplier to Ghana, with a 33% share of total imports. Moreover, polymethyl methacrylate imports from Portugal exceeded the figures recorded by the second-largest supplier, South Africa (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal stood at +59.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+85.6% per year) and Belgium (-8.1% per year).

In value terms, Portugal ($X) constituted the largest supplier of polymethyl methacrylate in primary forms to Ghana, comprising 37% of total imports. The second position in the ranking was taken by China ($X), with a 7% share of total imports. It was followed by Egypt, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Portugal amounted to +61.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.2% per year) and Egypt (+11.4% per year).

Import Prices by Country

The average polymethyl methacrylate import price stood at $X per ton in 2022, picking up by 21% against the previous year. Overall, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 118% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+79.2%), 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 polymethyl methacrylate in primary forms in the world?

The countries with the highest volumes of polymethyl methacrylate consumption in 2021 were China, the United States and India, with a combined 41% share of global consumption. Japan, Germany, Brazil, Russia, Indonesia, Taiwan Chinese), Saudi Arabia, the UK and Italy lagged somewhat behind, together comprising a further 30%.

What are the largest producers of polymethyl methacrylate in primary forms in the world?

The countries with the highest volumes of polymethyl methacrylate production in 2021 were the United States, China and South Korea, with a combined 32% share of global production. These countries were followed by India, Japan, Germany, Brazil, Russia, Indonesia, Singapore, Italy, the UK and Saudi Arabia, which together accounted for a further 42%.

What are the leading suppliers of polymethyl methacrylate in primary forms to Ghana?

In value terms, China constituted the largest supplier of polymethyl methacrylate to Ghana, comprising 91% of total imports. The second position in the ranking was occupied by India, with a 4.2% share of total imports. It was followed by Belgium, with a 2% share.

What are the leading importers of polymethyl methacrylate in primary forms from Ghana?

In value terms, Burkina Faso remains the key foreign market for polymethyl methacrylate exports from Ghana.

What is the average export price for polymethyl methacrylate in primary forms in Ghana?

The average polymethyl methacrylate export price stood at $1,345 per ton in 2021, with a decrease of -1.8% against the previous year.

What is the average import price for polymethyl methacrylate in primary forms in Ghana?

In 2021, the average polymethyl methacrylate import price amounted to $2,206 per ton, declining by -6.2% against the previous year.

This report provides an in-depth analysis of the polymethyl methacrylate 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 20165350 - Polymethyl methacrylate, in primary forms

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:

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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
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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