Ghana: Wooden Door Market 2022

Wooden Door Market Size in Ghana

The Ghanian wooden door market fell slightly to $X in 2021, remaining stable 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). Over the period under review, consumption showed a pronounced reduction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Wooden Door Exports

Exports from Ghana

In 2021, wooden door exports from Ghana soared to X units, with an increase of X% compared with the previous year. In general, exports, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, wooden door exports skyrocketed to $X in 2021. Overall, exports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Togo (X units) was the main destination for wooden door exports from Ghana, with a X% share of total exports. Moreover, wooden door exports to Togo exceeded the volume sent to the second major destination, Niger (X units), fourfold. The third position in this ranking was occupied by Ireland (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Togo stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+X% per year) and Ireland (-X% per year).

In value terms, Togo ($X), Niger ($X) and the UK ($X) were the largest markets for wooden door exported from Ghana worldwide, together accounting for X% of total exports.

Niger, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average wooden door export price stood at $X per unit in 2021, reducing by -X% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to Togo ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Wooden Door Imports

Imports into Ghana

In 2021, after two years of growth, there was significant decline in purchases abroad of doors and their frames and thresholds of wood, when their volume decreased by -X% to X units. Over the period under review, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, wooden door imports expanded slightly to $X in 2021. In general, imports showed a slight curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth imports failed to regain momentum.

Imports by Country

China (X units), Turkey (X units) and Spain (X units) were the main suppliers of wooden door imports to Ghana, together accounting for X% of total imports. These countries were followed by the Netherlands, Italy, Portugal, Germany and the United States, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Italy ($X) were the largest wooden door suppliers to Ghana, with a combined X% share of total imports. The Netherlands, Portugal, Spain, the United States and Germany lagged somewhat behind, together comprising a further X, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wooden door import price amounted to $X per unit, growing by X% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden door import price decreased by -X% against 2018 indices. The growth pace was the most rapid in 2013 an increase of X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform