
Ghana - Tyre Cord Fabric of High Tenacity Yarn - Market Analysis, Forecast, Size, Trends and Insights
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Ghana: Tyre Cord Fabric Market 2022
Tyre Cord Fabric Market Size in Ghana
The Ghanian tyre cord fabric market skyrocketed to $X in 2021, surging 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). In general, consumption recorded a significant increase. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.
Tyre Cord Fabric Exports
Exports from Ghana
Tyre cord fabric exports from Ghana totaled less than X kg in 2021, therefore, remained relatively stable against 2020. Overall, exports showed a dramatic curtailment. As a result, the exports attained the peak of X kg. From 2014 to 2021, the growth of the exports failed to regain momentum.
In value terms, tyre cord fabric exports amounted to less than $X in 2021. Over the period under review, exports faced a sharp slump. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.
Exports by Country
The Czech Republic (X kg) was the main destination for tyre cord fabric exports from Ghana, accounting for a X% share of total exports. Moreover, tyre cord fabric exports to the Czech Republic exceeded the volume sent to the second major destination, Togo (X kg), more than tenfold.
From 2012 to 2016, the average annual rate of growth in terms of volume to the Czech Republic was relatively modest.
From 2012 to 2016, the average annual growth rate of value to the Czech Republic was relatively modest.
Export Prices by Country
In 2016, the average tyre cord fabric export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price faced a deep downturn. As a result, the export price attained the peak level of $X per ton. From 2014 to 2016, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2016, the country with the highest price was Togo ($X per ton), while the average price for exports to the Czech Republic amounted to $X per ton.
From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Togo (X%).
Tyre Cord Fabric Imports
Imports into Ghana
In 2021, tyre cord fabric imports into Ghana surged to X tons, increasing by X% on the year before. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.
In value terms, tyre cord fabric imports declined modestly to $X in 2021. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.
Imports by Country
The United Arab Emirates (X tons), China (X tons) and the United States (X tons) were the main suppliers of tyre cord fabric imports to Ghana, with a combined X% share of total imports. India and Italy lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Italy (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, China ($X) constituted the largest supplier of tyre cord fabric to Ghana, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by the United States, with an X% share.
From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and the United States (X% per year).
Import Prices by Country
In 2021, the average tyre cord fabric import price amounted to $X per ton, waning by -X% against the previous year. Overall, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the tyre cord fabric market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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