Report Update Nov 1, 2024

Ghana - Reclaimed Rubber - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Ghana

In 2021, the Ghanian reclaimed rubber market increased by 4.4% to $X, rising for the fourth consecutive year after three years of decline. Over the period under review, consumption saw a perceptible increase. Reclaimed rubber consumption peaked in 2021 and is expected to retain growth in the near future.

Reclaimed Rubber Exports

Exports from Ghana

In 2021, shipments abroad of reclaimed rubber increased by 147% to X tons, rising for the third consecutive year after three years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 691%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, reclaimed rubber exports surged to $X in 2021. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X tons) was the main destination for reclaimed rubber exports from Ghana, accounting for a 75% share of total exports. Moreover, reclaimed rubber exports to Nigeria exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+21.7% per year) and Burkina Faso (-30.5% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for reclaimed rubber exports from Ghana, comprising 89% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+29.8% per year) and Burkina Faso (-37.5% per year).

Export Prices by Country

In 2021, the average reclaimed rubber export price amounted to $X per ton, surging by 90% against the previous year. Overall, the export price enjoyed significant growth. The most prominent rate of growth was recorded in 2016 an increase of 154%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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 ($X per ton), while the average price for exports to Burkina Faso ($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 Cote d'Ivoire (+6.8%).

Reclaimed Rubber Imports

Imports into Ghana

In 2021, approx. X tons of reclaimed rubber were imported into Ghana; picking up by 9.5% against 2020. Over the period under review, imports posted a notable expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 67%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, reclaimed rubber imports expanded slightly to $X in 2021. Overall, imports showed a tangible expansion. The most prominent rate of growth was recorded in 2019 with an increase of 83% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X tons) was the main reclaimed rubber supplier to Ghana, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +5.0%.

In value terms, China ($X) constituted the largest supplier of reclaimed rubber to Ghana.

From 2012 to 2021, the average annual growth rate of value from China totaled +9.2%.

Import Prices by Country

The average reclaimed rubber import price stood at $X per ton in 2021, waning by -5.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2018 an increase of 18%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then dropped in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +4.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for reclaimed rubber in the world?

China constituted the country with the largest volume of reclaimed rubber consumption, comprising approx. 21% of total volume. Moreover, reclaimed rubber consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., twofold. India ranked third in terms of total consumption with a 8.5% share.

What are the largest producers of reclaimed rubber in the world?

The countries with the highest volumes of reclaimed rubber production in 2020 were China, India and the U.S., together comprising 38% of global production. Canada, Japan, the UK, Russia, Thailand, Brazil, Indonesia, France, Turkey and Malaysia lagged somewhat behind, together accounting for a further 33%.

What are the leading suppliers of reclaimed rubber to Ghana?

In value terms, China constituted the largest supplier of reclaimed rubber to Ghana, comprising 97% of total imports. The second position in the ranking was occupied by Portugal, with a 2% share of total imports.

What are the leading importers of reclaimed rubber from Ghana?

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

What is the average export price for reclaimed rubber in Ghana?

The average reclaimed rubber export price stood at $1,449 per ton in 2020, remaining relatively unchanged against the previous year.

What is the average import price for reclaimed rubber in Ghana?

The average reclaimed rubber import price stood at $984 per ton in 2020, surging by 14% against the previous year.

This report provides an in-depth analysis of the reclaimed rubber 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 22191000 - Reclaimed rubber in primary forms or in plates, sheets or strips

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:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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