Ghana: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Ghana

In 2022, the Ghanian articles of fiber cement market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption recorded resilient growth. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Ghana

For the fourth year in a row, Ghana recorded decline in shipments abroad of articles of asbestos-cement, cellulose fiber-cement or the like, which decreased by X% to X tons in 2022. Over the period under review, exports saw a slight downturn. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, articles of fiber cement exports reduced remarkably to $X in 2022. Overall, exports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for articles of fiber cement exports from Ghana, with a X% share of total exports. Moreover, articles of fiber cement exports to Burkina Faso exceeded the volume sent to the second major destination, Togo (X tons), threefold.

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

In value terms, Burkina Faso ($X) remains the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from Ghana, comprising X% of total exports. The second position in the ranking was held by Togo ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Burkina Faso totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2022, the average articles of fiber cement export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Burkina Faso ($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 Togo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Ghana

In 2022, overseas purchases of articles of asbestos-cement, cellulose fiber-cement or the like increased by X% to X tons, rising for the fourth year in a row after two years of decline. In general, imports posted a significant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, articles of fiber cement imports expanded rapidly to $X in 2022. Over the period under review, imports posted buoyant growth. The growth pace was the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Indonesia (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of articles of fiber cement imports to Ghana, with a combined X% share of total imports. Turkey and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest articles of fiber cement suppliers to Ghana were Indonesia ($X), China ($X) and Vietnam ($X), together accounting for X% of total imports. India and Turkey lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average articles of fiber cement import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained 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 India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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