Ghana: Market for Prefabricated Buildings Of Plastics, Concrete Or Aluminium 2024

Market Size for Prefabricated Buildings Of Plastics, Concrete Or Aluminium in Ghana

For the fourth consecutive year, the Ghanian market for prefabricated buildings of plastics, concrete or aluminium recorded growth in sales value, which increased by 63% to $X in 2021. Overall, consumption enjoyed a measured increase. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Exports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Exports from Ghana

In 2021, exports of prefabricated buildings of plastics, concrete or aluminium from Ghana shrank remarkably to X tons, which is down by -32.4% against the previous year's figure. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 285%. Over the period under review, the exports of reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of prefabricated buildings of plastics, concrete or aluminium contracted dramatically to $X in 2021. Over the period under review, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 192% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Senegal (X tons), Togo (X tons) and Burkina Faso (X tons) were the main destinations of exports of prefabricated buildings of plastics, concrete or aluminium from Ghana, with a combined 59% share 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 +117.1%), while the other leaders experienced more modest paces of growth.

In value terms, Burkina Faso ($X), Senegal ($X) and Nigeria ($X) were the largest markets for prefabricated buildings of plastics, concrete or aluminium exported from Ghana worldwide, together comprising 69% of total exports. These countries were followed by Benin and Togo, which together accounted for a further 11%.

Among the main countries of destination, Togo, with a CAGR of +100.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for prefabricated buildings of plastics, concrete or aluminium amounted to $X per ton, reducing by -20.7% against the previous year. In general, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 13%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Togo ($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 Mauritania (+30.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Imports into Ghana

In 2021, the amount of prefabricated buildings of plastics, concrete or aluminium imported into Ghana soared to X tons, growing by 59% compared with the previous year's figure. Overall, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +99.0% against 2017 indices. The pace of growth was the most pronounced in 2015 when imports increased by 63%. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, imports of prefabricated buildings of plastics, concrete or aluminium skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 67%. Over the period under review, imports of reached the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest prefabricated buildings of plastics, concrete or aluminium supplier to Ghana, with a 37% share of total imports. Moreover, imports of prefabricated buildings of plastics, concrete or aluminium from China exceeded the figures recorded by the second-largest supplier, Lebanon (X tons), twofold. Spain (X tons) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (+21.9% per year) and Spain (+114.1% per year).

In value terms, China ($X) constituted the largest supplier of prefabricated buildings of plastics, concrete or aluminium to Ghana, comprising 32% of total imports. The second position in the ranking was taken by Lebanon ($X), with a 10% share of total imports. It was followed by Croatia, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (+22.4% per year) and Croatia (0.0% per year).

Import Prices by Country

The average import price for prefabricated buildings of plastics, concrete or aluminium stood at $X per ton in 2021, falling by -6.2% against the previous year. Over the period under review, the import price showed a slight reduction. The growth pace was the most rapid in 2016 when the average import price increased by 11%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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 Croatia ($X per ton), while the price for Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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