Ghana: Market for High-Tenacity Filament Yarn Of Aramids 2022

Market Size for High-Tenacity Filament Yarn Of Aramids in Ghana

The Ghanian high-tenacity filament aramids yarn market amounted to $X in 2021, almost unchanged from 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 significant growth. High-tenacity filament aramids yarn consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports from Ghana

In 2021, shipments abroad of high-tenacity filament yarn of aramids was finally on the rise to reach X kg for the first time since 2015, thus ending a five-year declining trend. Over the period under review, exports, however, showed a abrupt descent. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, high-tenacity filament aramids yarn exports rose sharply to $X in 2021. Overall, exports, however, faced a abrupt descent. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Niger (X kg) was the main destination for high-tenacity filament aramids yarn exports from Ghana, accounting for a approx. X% share of total exports.

From 2012 to 2015, the average annual rate of growth in terms of volume to Niger was relatively modest.

From 2012 to 2015, the average annual growth rate of value to Niger was relatively modest.

Export Prices by Country

In 2015, the average high-tenacity filament aramids yarn export price amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the export price faced a abrupt decrease. The growth pace was the most rapid in 2013 when the average export price decreased by -X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2015, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Niger.

From 2012 to 2015, the rate of growth in terms of prices for Niger amounted to X% per year.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into Ghana

In 2021, approx. X kg of high-tenacity filament yarn of aramids were imported into Ghana; picking up by X% against the year before. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament aramids yarn imports declined modestly to $X in 2021. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2019, China (X kg) was the main high-tenacity filament aramids yarn supplier to Ghana, accounting for a approx. X% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of volume from China amounted to +X%.

In value terms, China ($X) constituted the largest supplier of high-tenacity filament aramids yarn to Ghana.

From 2012 to 2019, the average annual growth rate of value from China amounted to +X%.

Import Prices by Country

In 2019, the average high-tenacity filament aramids yarn import price amounted to $X per ton, approximately equating the previous year. Over the period from 2012 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2019, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2019, the rate of growth in terms of prices for China amounted to +X% per year.

Source: IndexBox Platform