Ghana: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Ghana

The Ghanian primary fiber crops market reduced modestly to $X in 2022, approximately equating the previous year. Overall, consumption recorded a measured increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Primary Fiber Crops Production in Ghana

In value terms, primary fiber crops production reduced to $X in 2022 estimated in export price. Overall, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Primary Fiber Crops Exports

Exports from Ghana

In 2022, approx. X tons of fiber crops (primary) were exported from Ghana; waning by X% on the previous year. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, primary fiber crops exports reduced dramatically to $X in 2022. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for primary fiber crops exports from Ghana, with a X% share of total exports. Moreover, primary fiber crops exports to Malaysia exceeded the volume sent to the second major destination, the Netherlands (X tons), more than tenfold. Indonesia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Indonesia (X% per year).

In value terms, Malaysia ($X) remains the key foreign market for fiber crops (primary) exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by Bangladesh, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Bangladesh (X% per year).

Export Prices by Country

The average primary fiber crops export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price showed a mild contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to the Netherlands ($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 Malaysia (X%), while the prices for the other major destinations experienced a decline.

Primary Fiber Crops Imports

Imports into Ghana

In 2022, approx. X tons of fiber crops (primary) were imported into Ghana; dropping by X% compared with the previous year. Over the period under review, imports, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, primary fiber crops imports declined remarkably to $X in 2022. Overall, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, Kenya (X tons) constituted the largest supplier of primary fiber crops to Ghana, with a X% share of total imports. Moreover, primary fiber crops imports from Kenya exceeded the figures recorded by the second-largest supplier, Nigeria (X tons), sixfold. Burkina Faso (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kenya stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Burkina Faso (X% per year).

In value terms, Kenya ($X) constituted the largest supplier of fiber crops (primary) to Ghana, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Burkina Faso, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Kenya totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Burkina Faso (X% per year).

Import Prices by Country

The average primary fiber crops import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Nigeria ($X per ton), while the price for Mozambique ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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