Ghana: Market for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers 2022

Market Size for Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers in Ghana

The Ghanian market for paint, distemper, varnish or similar brushes, paint pads and rollers fell to $X in 2021, which is down by -10.2% 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 relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Exports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Exports from Ghana

After four years of decline, overseas shipments of paint, distemper, varnish or similar brushes, paint pads and rollers increased by 82% to X units in 2021. Over the period under review, exports, however, faced a deep setback. The pace of growth appeared the most rapid in 2014 when exports increased by 1,601%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, exports of paint, distemper, varnish or similar brushes, paint pads and rollers soared to $X in 2021. In general, exports, however, faced a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 1,510%. Over the period under review, the exports of hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units) was the main destination for exports of paint, distemper, varnish or similar brushes, paint pads and rollers from Ghana, accounting for a 86% share of total exports. Moreover, exports of paint, distemper, varnish or similar brushes, paint pads and rollers to Cote d'Ivoire exceeded the volume sent to the second major destination, Burkina Faso (X units), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cote d'Ivoire amounted to +42.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (-31.6% per year) and Togo (-50.1% per year).

In value terms, Burkina Faso ($X), Cote d'Ivoire ($X) and Togo ($X) constituted the largest markets for paint, distemper, varnish or similar brush, paint pad and roller exported from Ghana worldwide, with a combined 95% share of total exports.

Cote d'Ivoire, with a CAGR of +28.8%, 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 a decline.

Export Prices by Country

The average export price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, with a decrease of -4.6% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Angola ($X per unit), while the average price for exports to Cote d'Ivoire ($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 Senegal (+106.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paint, Distemper, Varnish Or Similar Brushes, Paint Pads And Rollers

Imports into Ghana

In 2021, imports of paint, distemper, varnish or similar brushes, paint pads and rollers into Ghana contracted to X units, waning by -5.5% on the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 46%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of paint, distemper, varnish or similar brushes, paint pads and rollers shrank to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 53% against the previous year. Over the period under review, imports of reached the maximum at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, China (X units) was the main supplier of paint, distemper, varnish or similar brush, paint pad and roller to Ghana, with a 92% share of total imports. Moreover, imports of paint, distemper, varnish or similar brushes, paint pads and rollers from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +3.4%.

In value terms, China ($X) constituted the largest supplier of paint, distemper, varnish or similar brush, paint pad and roller to Ghana, comprising 88% of total imports. The second position in the ranking was taken by Brazil ($X), with an 8.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +3.5%.

Import Prices by Country

The average import price for paint, distemper, varnish or similar brushes, paint pads and rollers stood at $X per unit in 2021, shrinking by -6.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 35%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average 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 Brazil ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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