Ghana: Container Market 2024

Container Market Size in Ghana

In 2022, after three years of growth, there was significant decline in the Ghanian container market, when its value decreased by X% to $X. Over the period under review, consumption, however, enjoyed significant growth. Over the period under review, the market reached the maximum level at $X in 2021, and then declined rapidly in the following year.

Container Exports

Exports from Ghana

In 2022, shipments abroad of tanks, casks, drums, cans, boxes and similar containers increased by X% to X units for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, container exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Togo (X units) was the main destination for container exports from Ghana, accounting for a X% share of total exports. Moreover, container exports to Togo exceeded the volume sent to the second major destination, Burkina Faso (X units), threefold. Malawi (X units) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for container exported from Ghana were Burkina Faso ($X), Togo ($X) and Malawi ($X), with a combined X% share of total exports.

Togo, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average container export price amounted to less than $X per unit, falling by X% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malawi ($X per unit), while the average price for exports to Togo (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (X%), while the prices for the other major destinations experienced mixed trend patterns.

Container Imports

Imports into Ghana

In 2022, after two years of growth, there was significant decline in purchases abroad of tanks, casks, drums, cans, boxes and similar containers, when their volume decreased by X% to X units. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then dropped dramatically in the following year.

In value terms, container imports shrank dramatically to $X in 2022. Overall, imports, however, showed strong growth. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then shrank sharply in the following year.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest supplier of container to Ghana, accounting for a X% share of total imports. Moreover, container imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Spain (X units), with a X% share.

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

In value terms, the United Arab Emirates ($X) constituted the largest supplier of tanks, casks, drums, cans, boxes and similar containers to Ghana, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

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

Import Prices by Country

In 2022, the average container import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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