Ghana: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Ghana

After two years of growth, the Ghanian ethylene polymer rigid pipes market decreased by -4.5% to $X in 2021. The market value increased at an average annual rate of +4.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then dropped slightly in the following year.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Ghana

In value terms, ethylene polymer rigid pipes production shrank to $X in 2021 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +22.1% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of 31% against the previous year. Ethylene polymer rigid pipes production peaked at $X in 2020, and then contracted in the following year.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Ghana

In 2021, shipments abroad of rigid tubes, pipes and hoses of polymers of ethylene decreased by -47.9% to X tons for the first time since 2016, thus ending a four-year rising trend. Overall, exports saw a mild slump. The growth pace was the most rapid in 2015 with an increase of 123% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then contracted significantly in the following year.

In value terms, ethylene polymer rigid pipes exports fell sharply to $X in 2021. Over the period under review, exports, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 138% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons), Benin (X tons) and Togo (X tons) were the main destinations of ethylene polymer rigid pipes exports from Ghana, with a combined 73% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Benin (with a CAGR of +56.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Burkina Faso ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of ethylene exports from Ghana, comprising 55% of total exports. The second position in the ranking was taken by Benin ($X), with a 25% share of total exports. It was followed by Cote d'Ivoire, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value to Burkina Faso was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+72.1% per year) and Cote d'Ivoire (+16.1% per year).

Export Prices by Country

In 2021, the average ethylene polymer rigid pipes export price amounted to $X per ton, increasing by 45% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Niger ($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 Burkina Faso (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Ghana

For the third consecutive year, Ghana recorded growth in purchases abroad of rigid tubes, pipes and hoses of polymers of ethylene, which increased by 13% to X tons in 2021. Over the period under review, imports, however, showed a mild contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 581% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, ethylene polymer rigid pipes imports skyrocketed to $X in 2021. Overall, imports recorded temperate growth. The growth pace was the most rapid in 2013 when imports increased by 707%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of ethylene polymer rigid pipes to Ghana, with a 56% share of total imports. Moreover, ethylene polymer rigid pipes imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Norway (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.2% per year) and Norway (+4.1% per year).

In value terms, South Korea ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of ethylene to Ghana, comprising 48% of total imports. The second position in the ranking was taken by Norway ($X), with an 8.6% share of total imports. It was followed by China, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-5.2% per year) and China (+18.0% per year).

Import Prices by Country

In 2021, the average ethylene polymer rigid pipes import price amounted to $X per ton, growing by 9.2% against the previous year. In general, the import price continues to indicate a temperate increase. The pace of growth appeared the most rapid in 2014 an increase of 81%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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 South Africa ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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