Ghana: Graphite Non-Electrical Articles Market 2023

Graphite Non-Electrical Articles Market Size in Ghana

The Ghanian graphite non-electrical articles market fell to $X in 2022, with a decrease of -14.5% 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). Overall, consumption, however, saw a significant expansion. Graphite non-electrical articles consumption peaked at $X in 2021, and then declined in the following year.

Graphite Non-Electrical Articles Exports

Exports from Ghana

In 2022, after three years of decline, there was significant growth in shipments abroad of non-electrical articles of graphite or other carbon, when their volume increased by 100% to X kg. In general, exports continue to indicate temperate growth. The growth pace was the most rapid in 2018 when exports increased by 210% against the previous year. As a result, the exports attained the peak of X kg. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, graphite non-electrical articles exports skyrocketed to $X in 2022. Overall, exports, however, showed a deep slump. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for graphite non-electrical articles exports from Ghana, with a 88% share of total exports. Moreover, graphite non-electrical articles exports to the United States exceeded the volume sent to the second major destination, South Africa (X kg), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +5.8%.

In value terms, the United States ($X) remains the key foreign market for non-electrical articles of graphite or other carbon exports from Ghana, comprising 99% of total exports. The second position in the ranking was taken by South Africa ($X), with a 0.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -17.3%.

Export Prices by Country

The average graphite non-electrical articles export price stood at $X per ton in 2022, rising by 37% against the previous year. Overall, the export price, however, showed a significant curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 39% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Africa totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (-6.7%).

Graphite Non-Electrical Articles Imports

Imports into Ghana

Graphite non-electrical articles imports into Ghana declined to X tons in 2022, waning by -13.3% on the previous year. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 624% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, graphite non-electrical articles imports dropped sharply to $X in 2022. Overall, imports, however, saw a resilient increase. The growth pace was the most rapid in 2019 with an increase of 468%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Belgium (X tons), Turkey (X tons) and Spain (X kg) were the main suppliers of graphite non-electrical articles imports to Ghana, together comprising 52% of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +83.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), South Africa ($X) and the Czech Republic ($X) appeared to be the largest graphite non-electrical articles suppliers to Ghana, together accounting for 41% of total imports.

The Czech Republic, with a CAGR of +75.1%, 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

The average graphite non-electrical articles import price stood at $X per ton in 2022, reducing by -2.8% against the previous year. In general, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2015 an increase of 29% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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