
Ghana - Optical Fibers and Bundles - Market Analysis, Forecast, Size, Trends and Insights
Ghana: Market for Optical Fibers and Bundles 2023
Market Size for Optical Fibers and Bundles in Ghana
The Ghanian optical fiber and bundle market surged to $X in 2021, growing by 254% 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 recorded a significant increase. Optical fiber and bundle consumption peaked in 2021 and is expected to retain growth in the near future.
Exports of Optical Fibers and Bundles
Exports by Country
Nigeria (X kg) was the main destination for optical fiber and bundle exports from Ghana, accounting for a approx. 100% share of total exports.
From 2018 to 2018, the average annual rate of growth in terms of volume to Nigeria was relatively modest.
From 2018 to 2018, the average annual rate of growth in terms of value to Nigeria was relatively modest.
Imports of Optical Fibers and Bundles
Imports into Ghana
In 2021, imports of optical fibers and bundles into Ghana skyrocketed to X tons, picking up by 290% on 2020. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 981% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.
In value terms, optical fiber and bundle imports skyrocketed to $X in 2021. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 877%. Imports peaked in 2021 and are expected to retain growth in years to come.
Imports by Country
In 2021, Turkey (X tons) constituted the largest optical fiber and bundle supplier to Ghana, accounting for a 57% share of total imports. Moreover, optical fiber and bundle imports from Turkey exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Oman (X tons) ranked third in terms of total imports with a 12% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled +108.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+76.8% per year) and Oman (0.0% per year).
In value terms, India ($X) constituted the largest supplier of optical fiber and bundle to Ghana, comprising 55% of total imports. The second position in the ranking was held by Turkey ($X), with a 24% share of total imports. It was followed by South Africa, with a 6.2% share.
From 2012 to 2021, the average annual growth rate of value from India stood at +53.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+112.4% per year) and South Africa (+84.6% per year).
Import Prices by Country
In 2021, the average optical fiber and bundle import price amounted to $X per ton, declining by -23.4% against the previous year. In general, the import price showed a abrupt descent. The pace of growth appeared the most rapid in 2019 when the average import price increased by 39% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.
Prices varied noticeably country of origin: the country with the highest price was South Africa ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for optical fiber and bundle 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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