Ghana: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2022

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Ghana

The Ghanian pigments, opacifiers and colours market dropped markedly to $X in 2021, which is down by -X% 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, recorded significant growth. Pigments, opacifiers and colours consumption peaked at $X in 2020, and then fell dramatically in the following year.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports from Ghana

In 2021, the amount of pigments, opacifiers and colours for ceramics, enamelling or glass exported from Ghana shrank dramatically to X kg, which is down by -X% on the previous year's figure. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports reached the peak of X kg, and then declined sharply in the following year.

In value terms, pigments, opacifiers and colours exports declined notably to $X in 2021. In general, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

Kenya (X kg) was the main destination for pigments, opacifiers and colours exports from Ghana, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Kenya was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Kenya was relatively modest.

Export Prices by Country

The average pigments, opacifiers and colours export price stood at $X per ton in 2021, waning by -X% against the previous year. In general, the export price, however, saw a measured expansion. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Kenya amounted to X% per year.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports into Ghana

In 2021, approx. X tons of pigments, opacifiers and colours for ceramics, enamelling or glass were imported into Ghana; falling by -X% against the year before. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, pigments, opacifiers and colours imports reduced rapidly to $X in 2021. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2020, and then reduced rapidly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pigments, opacifiers and colours to Ghana, accounting for a X% share of total imports. Moreover, pigments, opacifiers and colours imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), sevenfold. The third position in this ranking was taken by Spain (X tons), with less than X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+X% per year) and Spain (+X% per year).

In value terms, China ($X) constituted the largest supplier of pigments, opacifiers and colours to Ghana, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with less than X% share of total imports. It was followed by Hong Kong SAR, with less than X% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Hong Kong SAR (+X% per year).

Import Prices by Country

The average pigments, opacifiers and colours import price stood at $X per ton in 2021, growing by less than X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by the country of origin: the country with the highest price was China ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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