Ghana: Drawing Board Market 2024

Drawing Board Market Size in Ghana

The Ghanian drawing board market soared to $X in 2022, growing by 47% 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). Overall, consumption showed a strong expansion. Drawing board consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Drawing Board Exports

Exports from Ghana

In 2022, after two years of growth, there was decline in overseas shipments of slates and boards with writing or drawing surfaces, when their volume decreased by -3.5% to X units. Over the period under review, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2018 when exports increased by 789% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, drawing board exports reduced to $X in 2022. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 790% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Burkina Faso (X units) was the main destination for drawing board exports from Ghana, with a 92% share of total exports. It was followed by Cote d'Ivoire (X units), with a 3% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Burkina Faso stood at -12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-16.1% per year) and Tanzania (-12.9% per year).

In value terms, Burkina Faso ($X) remains the key foreign market for slates and boards with writing or drawing surfaces exports from Ghana, comprising 47% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Burkina Faso stood at -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+29.7% per year) and Cote d'Ivoire (+4.6% per year).

Export Prices by Country

The average drawing board export price stood at $X per unit in 2022, waning by -10.4% against the previous year. In general, the export price, however, recorded resilient growth. The growth pace was the most rapid in 2019 when the average export price increased by 83% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+49.9%), while the prices for the other major destinations experienced more modest paces of growth.

Drawing Board Imports

Imports into Ghana

In 2022, supplies from abroad of slates and boards with writing or drawing surfaces was finally on the rise to reach X units after two years of decline. Over the period under review, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 315%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, drawing board imports soared to $X in 2022. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 379% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest drawing board supplier to Ghana, with a 85% share of total imports. Moreover, drawing board imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold. The United Arab Emirates (X units) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+47.2% per year) and the United Arab Emirates (+30.8% per year).

In value terms, China ($X) constituted the largest supplier of slates and boards with writing or drawing surfaces to Ghana, comprising 94% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 1.4% share of total imports. It was followed by Thailand, with a 0.8% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +29.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+28.7% per year) and Thailand (+55.2% per year).

Import Prices by Country

The average drawing board import price stood at $X per unit in 2022, rising by 2.2% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, drawing board import price increased by +41.5% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 39%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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