Ghana: Uncoated Kraft Liner Market 2023

Uncoated Kraft Liner Market Size in Ghana

The Ghanian uncoated kraft liner market soared to $X in 2021, picking up by 56% 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). Over the period under review, consumption saw a measured increase. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Uncoated Kraft Liner Exports

Exports from Ghana

In 2021, the amount of uncoated kraft liner exported from Ghana rose modestly to X tons, increasing by 1.9% compared with the previous year's figure. In general, exports, however, recorded a sharp reduction. The pace of growth was the most pronounced in 2017 when exports increased by 37% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, uncoated kraft liner exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2017 when exports increased by 62% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for uncoated kraft liner exports from Ghana, accounting for a 78% share of total exports. Moreover, uncoated kraft liner exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Burkina Faso (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cote d'Ivoire totaled -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (-45.0% per year) and Niger (-20.4% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for uncoated kraft liner exports from Ghana, comprising 68% of total exports. The second position in the ranking was held by Niger ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Cote d'Ivoire totaled +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (-3.3% per year) and Burkina Faso (-45.7% per year).

Export Prices by Country

The average uncoated kraft liner export price stood at $X per ton in 2021, with an increase of 16% against the previous year. Overall, the export price recorded a buoyant increase. The growth pace was the most rapid in 2016 when the average export price increased by 39%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($X per ton), while the average price for exports to Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+21.5%), while the prices for the other major destinations experienced mixed trend patterns.

Uncoated Kraft Liner Imports

Imports into Ghana

In 2021, imports of uncoated kraft liner into Ghana soared to X tons, picking up by 30% on 2020 figures. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 85% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, uncoated kraft liner imports skyrocketed to $X in 2021. Over the period under review, imports recorded a noticeable expansion. The most prominent rate of growth was recorded in 2015 with an increase of 96% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

South Africa (X tons), the United States (X tons) and Russia (X tons) were the main suppliers of uncoated kraft liner imports to Ghana, together accounting for 32% of total imports. Poland, Austria, Germany, Portugal, Sweden, the Netherlands, Belgium, Italy and Brazil lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +58.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest uncoated kraft liner suppliers to Ghana were Russia ($X), South Africa ($X) and the United States ($X), with a combined 31% share of total imports. These countries were followed by Poland, Germany, Austria, the Netherlands, Portugal, Sweden, Belgium, Italy and Brazil, which together accounted for a further 34%.

Austria, with a CAGR of +60.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average uncoated kraft liner import price amounted to $X per ton, with an increase of 24% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and Germany ($X per ton), while the price for Poland ($X per ton) and South Africa ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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