Report Update Nov 1, 2024

Ghana - Spools, Cops, Bobbins and Similar Supports of Plastics - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Plastic Supports Market 2024

Plastic Supports Market Size in Ghana

In 2022, after four years of growth, there was significant decline in the Ghanian plastic supports market, when its value decreased by -35.4% to $X. In general, consumption, however, continues to indicate a significant increase. Plastic supports consumption peaked at $X in 2021, and then contracted rapidly in the following year.

Plastic Supports Exports

Exports from Ghana

In 2022, overseas shipments of spools, cops, bobbins and similar supports of plastics were finally on the rise to reach X kg for the first time since 2014, thus ending a seven-year declining trend. Over the period under review, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 208% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic supports exports stood at $X in 2022. Overall, exports, however, saw a mild setback. The pace of growth was the most pronounced in 2014 when exports increased by 249% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X kg) was the main destination for plastic supports exports from Ghana, with a 83% share of total exports. Moreover, plastic supports exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Burkina Faso (X kg), more than tenfold. The third position in this ranking was taken by Niger (X kg), with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cote d'Ivoire amounted to -9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (-9.7% per year) and Niger (-4.6% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for spools, cops, bobbins and similar supports of plastics exports from Ghana, comprising 88% of total exports. The second position in the ranking was held by Mali ($X), with a 5.5% share of total exports. It was followed by Niger, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value to Cote d'Ivoire was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (-5.2% per year) and Niger (+7.0% per year).

Export Prices by Country

In 2022, the average plastic supports export price amounted to $X per ton, declining by -2.9% against the previous year. In general, the export price, however, saw a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of 50%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then declined in the following year.

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 Mali ($X per ton), while the average price for exports to Burkina Faso ($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 Niger (+12.1%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Supports Imports

Imports into Ghana

In 2022, after four years of growth, there was significant decline in purchases abroad of spools, cops, bobbins and similar supports of plastics, when their volume decreased by -35.6% to X tons. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 392% against the previous year. Imports peaked at X tons in 2021, and then contracted remarkably in the following year.

In value terms, plastic supports imports reduced notably to $X in 2022. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 468%. Over the period under review, imports reached the peak figure at $X in 2021, and then fell dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest plastic supports supplier to Ghana, accounting for a 90% share of total imports. Moreover, plastic supports imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +69.2%.

In value terms, China ($X) constituted the largest supplier of spools, cops, bobbins and similar supports of plastics to Ghana, comprising 77% of total imports. The second position in the ranking was held by the United States ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +81.7%.

Import Prices by Country

In 2022, the average plastic supports import price amounted to $X per ton, picking up by 1.6% against the previous year. Overall, the import price, however, recorded a mild contraction. The pace of growth was the most pronounced in 2015 when the average import price increased by 60%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for spools, cops, bobbins and similar supports of plastics in the world?

Russia constituted the country with the largest volume of plastic supports consumption, comprising approx. 97% of total volume.

What are the largest producers of spools, cops, bobbins and similar supports of plastics in the world?

The country with the largest volume of plastic supports production was Russia, accounting for 97% of total volume.

What are the leading suppliers of spools, cops, bobbins and similar supports of plastics to Ghana?

In value terms, the largest plastic supports suppliers to Ghana were China and the United States.

What are the leading importers of spools, cops, bobbins and similar supports of plastics from Ghana?

In value terms, Niger $205) remains the key foreign market for plastic supports exports from Ghana, comprising 91% of total exports. The second position in the ranking was occupied by Burkina Faso $15), with a 6.6% share of total exports.

What is the average export price for spools, cops, bobbins and similar supports of plastics in Ghana?

In 2021, the average plastic supports export price amounted to $3,645 per ton, growing by 3.9% against the previous year.

What is the average import price for spools, cops, bobbins and similar supports of plastics in Ghana?

In 2021, the average plastic supports import price amounted to $6,056 per ton, increasing by 30% against the previous year.

This report provides an in-depth analysis of the plastic supports 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 22221910 - Spools, cops, bobbins and similar supports, of plastics

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