Ghana: Silk Yarn Market 2021

Silk Yarn Market Size in Ghana

The Ghanian silk yarn market contracted to $X in 2019, reducing by -X% against the previous year. Overall, consumption, however, saw a mild descent. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2010; however, from 2011 to 2019, consumption remained at a lower figure.

Silk Yarn Production in Ghana

In value terms, silk yarn production fell remarkably to $X in 2019 estimated in export prices. Overall, production continues to indicate a abrupt descent. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Silk yarn production peaked at $X in 2010; however, from 2011 to 2019, production failed to regain the momentum.

Silk Yarn Exports

Exports from Ghana

In 2019, approx. X kg of silk yarn were exported from Ghana; remaining constant against 2018. Over the period under review, exports continue to indicate a relatively flat trend pattern. Exports peaked at X kg in 2010; however, from 2011 to 2019, exports stood at a somewhat lower figure.

In value terms, silk yarn exports totaled $X in 2019. In general, exports continue to indicate a relatively flat trend pattern. Exports peaked at $X in 2010; however, from 2011 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Liberia (X kg) was the main destination for silk yarn exports from Ghana, with a approx. X% share of total exports.

From 2007 to 2010, the average annual growth rate of volume to Liberia was relatively modest.

From 2007 to 2010, the average annual growth rate of value to Liberia was relatively modest.

Export Prices by Country

The average silk yarn export price stood at $X per ton in 2010, remaining relatively unchanged against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The export price peaked in 2010 and is likely to continue growth in years to come.

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

From 2007 to 2010, the rate of growth in terms of prices for Liberia amounted to X% per year.

Silk Yarn Imports

Imports into Ghana

In 2019, approx. X tons of silk yarn were imported into Ghana; with an increase of X% on the year before. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silk yarn imports soared to $X in 2019. In general, imports posted significant growth. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Imports peaked in 2019 and are likely to continue growth in years to come.

Imports by Country

In 2019, China (X tons) was the main silk yarn supplier to Ghana, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from China stood at +X%.

In value terms, China ($X) constituted the largest supplier of silk yarn to Ghana.

From 2007 to 2019, the average annual rate of growth in terms of value from China amounted to +X%.

Import Prices by Country

The average silk yarn import price stood at $X per ton in 2019, waning by -X% against the previous year. Overall, the import price saw a deep reduction. As a result, import price attained the peak level of $X per ton. From 2009 to 2019, the growth in terms of the average import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2007 to 2019, the rate of growth in terms of prices for China amounted to -X% per year.

Source: IndexBox Market Intelligence Platform

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