Report Update Nov 1, 2024

Ghana - Woven Fabrics of Flax - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Flax Fabric Market 2024

Flax Fabric Market Size in Ghana

The Ghanian flax fabric market was estimated at less than $X in 2022, approximately mirroring the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with a decrease of 99.9%. Flax fabric consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Flax Fabric Production in Ghana

In value terms, flax fabric production surged to $X in 2022 estimated in export price. In general, production, however, recorded a deep downturn. Flax fabric production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Flax Fabric Exports

Exports from Ghana

In 2020, approx. X kg of woven fabrics of flax were exported from Ghana; therefore, remained relatively stable against the previous year. In general, exports showed a relatively flat trend pattern. The exports peaked in 2020 and are likely to continue growth in the immediate term.

In value terms, flax fabric exports fell remarkably to $X in 2020. Overall, exports showed a sharp decrease. The growth pace was the most rapid in 2017 when exports increased by 5,542% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2020, the exports remained at a lower figure.

Flax Fabric Imports

Imports into Ghana

In 2022, after ten years of growth, there was significant decline in supplies from abroad of woven fabrics of flax, when their volume decreased by -9.2% to X tons. Overall, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 22%. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, flax fabric imports shrank to $X in 2022. In general, imports, however, showed resilient growth. The growth pace was the most rapid in 2019 with an increase of 132% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, India (X tons) was the main supplier of flax fabric to Ghana, with a 91% share of total imports. Moreover, flax fabric imports from India exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold.

From 2020 to 2022, the average annual rate of growth in terms of volume from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-75.5% per year) and Germany (+252.9% per year).

In value terms, India ($X) constituted the largest supplier of woven fabrics of flax to Ghana, comprising 93% of total imports. The second position in the ranking was held by China ($X), with a 3% share of total imports.

From 2020 to 2022, the average annual rate of growth in terms of value from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-81.4% per year) and Germany (+208.9% per year).

Import Prices by Country

The average flax fabric import price stood at $X per ton in 2022, with a decrease of -2% against the previous year. Over the last two years, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2021 an increase of 5%. As a result, import price attained the peak level of $X per ton, and then fell slightly in the following year.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-12.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for woven fabrics of flax in the world?

The countries with the highest volumes of in 2021 were China, Afghanistan and the United States, together accounting for 32% of global consumption.

What are the largest producers of woven fabrics of flax in the world?

China remains the largest flax fabric producing country worldwide, comprising approx. 41% of total volume. Moreover, flax fabric production in China exceeded the figures recorded by the second-largest producer, Russia, fivefold. India ranked third in terms of total production with an 8.3% share.

What are the leading suppliers of woven fabrics of flax to Ghana?

In value terms, China constituted the largest supplier of flax fabric to Ghana, comprising 90% of total imports. The second position in the ranking was occupied by the UK, with a 6.9% share of total imports.

What is the average export price for woven fabrics of flax in Ghana?

The average flax fabric export price stood at $22,613 per ton in 2020, surging by 2.7% against the previous year.

What is the average import price for woven fabrics of flax in Ghana?

In 2021, the average flax fabric import price amounted to $9,119 per ton, surging by 4.1% against the previous year.

This report provides an in-depth analysis of the flax fabric 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 13201330 - Woven fabrics of flax, containing . .85 % by weight of flax
Prodcom 13201360 - Woven fabrics of flax, containing < .85 % by weight of flax

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