Ghana: Container Market 2025

Container Market Size in Ghana

In 2022, the Ghanian container market decreased by -17.6% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, saw strong growth. Over the period under review, the market attained the peak level at $X in 2021, and then contracted dramatically in the following year.

Container Exports

Exports from Ghana

In 2022, overseas shipments of tanks, casks, drums, cans, boxes and similar containers were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 155%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, container exports contracted to $X in 2022. Over the period under review, exports, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2017 with an increase of 124% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Togo (X units) was the main destination for container exports from Ghana, accounting for a 97% share of total exports. Moreover, container exports to Togo exceeded the volume sent to the second major destination, Niger (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Togo stood at +81.1%.

In value terms, Togo ($X) emerged as the key foreign market for tanks, casks, drums, cans, boxes and similar containers exports from Ghana, comprising 89% of total exports. The second position in the ranking was held by Niger ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Togo stood at +70.7%.

Export Prices by Country

The average container export price stood at less than $X per unit in 2022, reducing by -63.7% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 173%. Over the period under review, the average export prices hit record highs at $X per unit 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($X per unit), while the average price for exports to Togo totaled less than $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+0.6%), while the prices for the other major destinations experienced a decline.

Container Imports

Imports into Ghana

In 2022, supplies from abroad of tanks, casks, drums, cans, boxes and similar containers decreased by -17.9% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 57%. Over the period under review, imports attained the peak figure at X units in 2021, and then reduced notably in the following year.

In value terms, container imports declined rapidly to $X in 2022. In general, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 80%. Over the period under review, imports attained the maximum at $X in 2021, and then dropped notably in the following year.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest supplier of container to Ghana, accounting for a 54% share of total imports. Moreover, container imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Spain (X units) ranked third in terms of total imports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +36.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.3% per year) and Spain (+93.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of tanks, casks, drums, cans, boxes and similar containers to Ghana, comprising 54% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by Spain, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at +54.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.5% per year) and Spain (+86.0% per year).

Import Prices by Country

In 2022, the average container import price amounted to $X per unit, growing by 1.8% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 33% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Spain ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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