Ghana: Safety Glass Market 2024

Safety Glass Market Size in Ghana

The Ghanian safety glass market declined notably to $X in 2022, with a decrease of 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, continues to indicate a resilient increase. Safety glass consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Safety Glass Exports

Exports from Ghana

After three years of decline, overseas shipments of safety glass increased by X% to X square meters in 2022. Overall, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports reached the peak of X square meters. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, safety glass exports rose sharply to $X in 2022. In general, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Togo (X square meters) was the main destination for safety glass exports from Ghana, with a X% share of total exports. Moreover, safety glass exports to Togo exceeded the volume sent to the second major destination, Burkina Faso (X square meters), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Togo stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (X% per year) and the United States (X% per year).

In value terms, Togo ($X) emerged as the key foreign market for safety glass exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Togo was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

In 2022, the average safety glass export price amounted to $X per square meter, which is down by X% against the previous year. In general, the export price continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per square meter. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Burkina Faso ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mali (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Safety Glass Imports

Imports into Ghana

In 2022, after two years of growth, there was significant decline in overseas purchases of safety glass, when their volume decreased by X% to X square meters. In general, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at X square meters in 2021, and then dropped rapidly in the following year.

In value terms, safety glass imports fell sharply to $X in 2022. Overall, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of safety glass to Ghana, with a X% share of total imports. Moreover, safety glass imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of safety glass to Ghana, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average safety glass import price amounted to $X per square meter, which is down by X% against the previous year. In general, the import price saw a mild reduction. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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