Ghana: Parachute Market 2022

Parachute Market Size in Ghana

After four years of decline, the ghanian parachute market increased by X% to $X in 2021.Over the period under review, consumption, however, continues to indicate a deep slump.As a result, consumption reached the peak level of $X. from 2017 to 2021, the growth of the market failed to regain momentum.

Parachute Production in Ghana

In value terms, parachute production reached $X in 2021 estimated in export price.In general, production, however, recorded a drastic downturn.The pace of growth was the most pronounced in 2016 when the production volume increased by X a result, production attained the peak level of $X. from 2017 to 2021, production growth failed to regain momentum.

Parachute Exports

Exports from Ghana

In 2018, exports of parachutes and rotochutes from ghana skyrocketed to X kg, rising by X% compared with the year before.In general, exports recorded a significant increase.As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, parachute exports shrank sharply to $X in 2018.Over the period under review, exports continue to indicate a mild increase.The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year.The exports peaked at $X in 2017, and then shrank rapidly in the following year.

Exports by Country

South africa (X kg) was the main destination for parachute exports from Ghana, accounting for a approx. X% share of total exports.

From 2012 to 2018, the average annual growth rate of volume to South Africa totaled +X%.

In value terms, South Africa ($X) also remains the key foreign market for parachute exports from Ghana.

From 2012 to 2018, the average annual growth rate of value to South Africa amounted to -X%.

Export Prices by Country

In 2018, the average parachute export price amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the export price faced a abrupt setback. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. from 2014 to 2018, the the average export prices remained at a lower figure.

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

From 2012 to 2018, the rate of growth in terms of prices for South Africa amounted to -X% per year.

Parachute Imports

Imports into Ghana

In 2021, purchases abroad of parachutes and rotochutes decreased by -X% to X kg for the first time since 2018, thus ending a two-year rising trend.Overall, imports showed a dramatic contraction.The growth pace was the most rapid in 2019 with an increase of X% against the previous year.Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, parachute imports dropped to $X in 2021.Over the period under review, imports saw a sharp shrinkage.The pace of growth was the most pronounced in 2020 when imports increased by X peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X kg) constituted the largest parachute supplier to Ghana, accounting for a X% share of total imports. Moreover, parachute imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+X% per year) and the UK (-X% per year).

In value terms, China ($X), the UK ($X) and South Africa ($X) appeared to be the largest parachute suppliers to Ghana, together comprising X% of total imports.

South africa, with a cagr of +X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average parachute import price amounted to $X per ton, waning by -X% against the previous year. In general, the import price continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. from 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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