Report Update Nov 1, 2024

Ghana - Slag Wool, Rock Wool and Similar Mineral Wools and Mixtures - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Mineral Wool Market 2024

Mineral Wool Market Size in Ghana

The Ghanian mineral wool market fell remarkably to $X in 2021, waning by -17.3% 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). In general, consumption, however, showed a slight increase. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Mineral Wool Exports

Exports from Ghana

In 2021, the amount of slag wool, rock wool and similar mineral wools and mixtures exported from Ghana fell markedly to X tons, shrinking by -18.7% on 2020. Over the period under review, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 345%. The exports peaked at X tons in 2020, and then shrank significantly in the following year.

In value terms, mineral wool exports dropped significantly to $X in 2021. In general, exports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2018 with an increase of 833%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Kenya (X tons) was the main destination for mineral wool exports from Ghana, with a approx. 100% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of volume to Kenya was relatively modest.

In value terms, Kenya ($X) emerged as the key foreign market for slag wool, rock wool and similar mineral wools and mixtures exports from Ghana.

From 2015 to 2021, the average annual growth rate of value to Kenya was relatively modest.

Export Prices by Country

The average mineral wool export price stood at $X per ton in 2021, waning by -10.3% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 109%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Kenya.

From 2015 to 2021, the rate of growth in terms of prices for Cote d'Ivoire amounted to -31.9% per year.

Mineral Wool Imports

Imports into Ghana

In 2021, imports of slag wool, rock wool and similar mineral wools and mixtures into Ghana fell significantly to X tons, declining by -25.4% on 2020. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 191% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, mineral wool imports shrank to $X in 2021. Overall, imports, however, showed a tangible increase. The most prominent rate of growth was recorded in 2014 with an increase of 417%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest mineral wool supplier to Ghana, accounting for a 35% share of total imports. Moreover, mineral wool imports from China exceeded the figures recorded by the second-largest supplier, Greece (X tons), threefold. The third position in this ranking was taken by South Korea (X tons), with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (-17.1% per year) and South Korea (+26.5% per year).

In value terms, China ($X) constituted the largest supplier of slag wool, rock wool and similar mineral wools and mixtures to Ghana, comprising 22% of total imports. The second position in the ranking was taken by Spain ($X), with a 9.2% share of total imports. It was followed by South Korea, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+30.5% per year) and South Korea (+15.9% per year).

Import Prices by Country

The average mineral wool import price stood at $X per ton in 2021, growing by 19% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mineral wool import price decreased by -3.4% against 2018 indices. The pace of growth was the most pronounced in 2014 an increase of 78%. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for slag wool, rock wool and similar mineral wools and mixtures in the world?

The countries with the highest volumes of mineral wool consumption in 2020 were China, the United States and India, with a combined 55% share of global consumption.

What are the largest producers of slag wool, rock wool and similar mineral wools and mixtures in the world?

The countries with the highest volumes of mineral wool production in 2020 were China, the United States and India, together comprising 55% of global production. These countries were followed by Japan, Russia, Mexico, South Korea, Germany, Spain and Thailand, which together accounted for a further 24%.

What are the leading suppliers of slag wool, rock wool and similar mineral wools and mixtures to Ghana?

In value terms, the largest mineral wool suppliers to Ghana were Spain, Turkey and Greece, together accounting for 34% of total imports. These countries were followed by China, the Netherlands, India, South Korea and Portugal, which together accounted for a further 22%.

What is the average export price for slag wool, rock wool and similar mineral wools and mixtures in Ghana?

The average mineral wool export price stood at $1,853 per ton in 2019, declining by -34.8% against the previous year.

What is the average import price for slag wool, rock wool and similar mineral wools and mixtures in Ghana?

In 2020, the average mineral wool import price amounted to $1,516 per ton, falling by -25% against the previous year.

This report provides an in-depth analysis of the mineral wool 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 23991910 - Slag wool, rock wool and similar mineral wools and mixtures thereof, in bulk, sheets or rolls

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