Ghana: Spun Yarn Market 2021

Spun Yarn Market Size in Ghana

In 2019, the Ghanian spun yarn market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a resilient increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Spun yarn consumption peaked at $X in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.

Spun Yarn Exports

Exports from Ghana

In 2019, the amount of yarn spun from silk waste exported from Ghana amounted to X kg, approximately reflecting the year before. Overall, exports saw a deep slump. As a result, exports reached the peak of X kg. From 2009 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, spun yarn exports totaled $X in 2019. In general, exports recorded a precipitous contraction. As a result, exports attained the peak of $X. From 2009 to 2019, the growth exports failed to regain the momentum.

Exports by Country

China (X kg) was the main destination for spun yarn exports from Ghana, accounting for a approx. X% share of total exports.

From 2007 to 2017, the average annual growth rate of volume to China was relatively modest.

From 2007 to 2017, the average annual growth rate of value to China was relatively modest.

Export Prices by Country

The average spun yarn export price stood at $X per ton in 2017, stabilizing at the previous year. Over the period under review, the export price saw a abrupt downturn. As a result, export price attained the peak level of $X per ton. From 2009 to 2017, the growth in terms of the average export prices remained at a somewhat lower figure.

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

From 2007 to 2017, the rate of growth in terms of prices for China amounted to X% per year.

Spun Yarn Imports

Imports into Ghana

In 2019, overseas purchases of yarn spun from silk waste were finally on the rise to reach X kg for the first time since 2015, thus ending a three-year declining trend. Over the period under review, total imports indicated a perceptible increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X kg in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

In value terms, spun yarn imports stood at $X in 2019. In general, total imports indicated a resilient increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2009 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, China (X kg) was the main spun 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 totaled +X%.

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

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

Import Prices by Country

The average spun yarn import price stood at $X per ton in 2019, declining by -X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% against the previous year. 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 remained at a somewhat lower figure.

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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