Ghana: Market for Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels 2022

Market Size for Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels in Ghana

The Ghanian market for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses declined to $X in 2020, reducing by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a strong expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2020, consumption remained at a lower figure.

Exports of Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Exports from Ghana

In 2020, shipments abroad of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses decreased by -X% to X square meters, falling for the fourth year in a row after six years of growth. In general, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at X square meters in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses dropped remarkably to $X in 2020. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Exports peaked at $X in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

Exports by Country

Belgium (X square meters) was the main destination for exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses from Ghana, with a X% share of total exports. Moreover, exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses to Belgium exceeded the volume sent to the second major destination, the Netherlands (X square meters), ninefold.

From 2007 to 2020, the average annual growth rate of volume to Belgium was relatively modest.

In value terms, Belgium ($X) emerged as the key foreign market for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels exports from Ghana, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Belgium was relatively modest.

Export Prices by Country

In 2020, the average export price for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses amounted to $X per square meter, increasing by X% against the previous year. Over the period under review, the export price posted buoyant growth. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. Over the period under review, average export prices reached the peak figure in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the Netherlands ($X per square meter), while the average price for exports to Belgium stood at $X per square meter.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands.

Imports of Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Imports into Ghana

In 2020, purchases abroad of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses decreased by -X% to X square meters, falling for the third consecutive year after two years of growth. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at X square meters in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, imports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses shrank to $X in 2020. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X square meters) was the main safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels supplier to Ghana, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from China stood at +X%.

In value terms, China ($X) constituted the largest supplier of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels to Ghana.

From 2007 to 2020, the average annual rate of growth in terms of value from China amounted to +X%.

Import Prices by Country

In 2020, the average import price for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses amounted to $X per square meter, which is down by -X% against the previous year. In general, import price indicated a noticeable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, import price for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per square meter in 2015; however, from 2016 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the rate of growth in terms of prices for China amounted to +X% per year.

Source: IndexBox Platform

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