Ghana: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Ghana

The Ghanian propylene polymer rigid pipes market shrank modestly to $X in 2022, waning by -1.6% against the previous year. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.1% against 2019 indices. Propylene polymer rigid pipes consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Ghana

In value terms, propylene polymer rigid pipes production declined slightly 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 +4.0% 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 -6.0% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 28% against the previous year. Propylene polymer rigid pipes production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Exports from Ghana

Propylene polymer rigid pipes exports from Ghana dropped dramatically to X tons in 2022, reducing by -49% against 2021 figures. In general, exports saw a sharp downturn. The pace of growth appeared the most rapid in 2015 with an increase of 420% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, propylene polymer rigid pipes exports dropped significantly to $X in 2022. Over the period under review, exports saw a sharp reduction. The growth pace was the most rapid in 2015 with an increase of 438% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Cameroon (X tons) was the main destination for propylene polymer rigid pipes exports from Ghana, accounting for a 22% share of total exports. Moreover, propylene polymer rigid pipes exports to Cameroon exceeded the volume sent to the second major destination, Togo (X tons), threefold. The third position in this ranking was held by Chad (X tons), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to Cameroon totaled -26.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (-6.3% per year) and Chad (-34.3% per year).

In value terms, Cameroon ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of propylene exports from Ghana, comprising 23% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a 9% share of total exports. It was followed by Chad, with a 7% share.

From 2012 to 2022, the average annual growth rate of value to Cameroon amounted to -32.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+16.1% per year) and Chad (-33.3% per year).

Export Prices by Country

The average propylene polymer rigid pipes export price stood at $X per ton in 2022, increasing by 29% against the previous year. Overall, the export price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 41%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Gabon ($X per ton), while the average price for exports to Niger ($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 Gabon (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Imports into Ghana

In 2022, the amount of rigid tubes, pipes and hoses of polymers of propylene imported into Ghana expanded significantly to X tons, growing by 6.3% on the previous year's figure. In general, imports recorded a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 380% 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 lower figure.

In value terms, propylene polymer rigid pipes imports expanded rapidly to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 590% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X tons), China (X tons) and Indonesia (X tons) were the main suppliers of propylene polymer rigid pipes imports to Ghana, with a combined 40% share of total imports. The Netherlands, Italy, Belgium, the United Arab Emirates, Nigeria and Cote d'Ivoire lagged somewhat behind, together accounting for a further 5%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +79.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Indonesia ($X) and China ($X) appeared to be the largest propylene polymer rigid pipes suppliers to Ghana, together comprising 34% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +72.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average propylene polymer rigid pipes import price amounted to $X per ton, with an increase of 7.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 44% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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