Price for Buttons; of Plastics, Not Covered with Textile Material in Ghana - 2022

Contents:

  1. Price for Buttons; of Plastics, Not Covered with Textile Material in Ghana (CIF) - 2022
  2. Price for Buttons; of Plastics, Not Covered with Textile Material in Ghana (FOB) - 2022
  3. Imports of Buttons; of Plastics, Not Covered with Textile Material in Ghana
  4. Exports of Buttons; of Plastics, Not Covered with Textile Material in Ghana

Price for Buttons; of Plastics, Not Covered with Textile Material in Ghana (CIF) - 2022

The average import price for buttons; of plastics, not covered with textile materials stood at $12,834 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 19%. Over the period under review, average import prices attained the peak figure at $13,230 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($58,000 per ton), while the price for Thailand ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Buttons; of Plastics, Not Covered with Textile Material in Ghana (FOB) - 2022

In 2022, the average export price for buttons; of plastics, not covered with textile materials amounted to $21,170 per ton, declining by -7% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 35% against the previous year. The export price peaked at $27,093 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($20,206 per ton), while the average price for exports to Cote d'Ivoire totaled $16,136 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+5.3%).

Imports of Buttons; of Plastics, Not Covered with Textile Material in Ghana

In 2022, after three years of growth, there was decline in supplies from abroad of buttons; of plastics, not covered with textile materials, when their volume decreased by -4.5% to 1.9 tons. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 6.7% against the previous year. As a result, imports reached the peak of 2 tons, and then reduced in the following year.

In value terms, imports of buttons; of plastics, not covered with textile materials contracted modestly to $24K in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 9.2% against the previous year.

Import of Buttons; of Plastics, Not Covered with Textile Material in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China10.814.420.323.529.6%
United Arab Emirates0.20.10.1N/A-29.3%
Others10.28.75.00.8-57.2%
Total21.323.225.424.34.5%

Top Suppliers of Buttons; of Plastics, Not Covered with Textile Material to Ghana in 2022:

  1. China (1863.0 kg)
  2. United Arab Emirates (3.0 kg)

Exports of Buttons; of Plastics, Not Covered with Textile Material in Ghana

In 2022, after three years of growth, there was significant decline in shipments abroad of buttons; of plastics, not covered with textile materials, when their volume decreased by -11.3% to 188 kg. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,520% against the previous year.

In value terms, exports of buttons; of plastics, not covered with textile materials contracted dramatically to $4K in 2022. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 2,092%.

Export of Buttons; of Plastics, Not Covered with Textile Material in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Burkina Faso0.11.41.92.0171.4%
Cote d'IvoireN/A1.12.21.412.8%
OthersN/A0.60.70.60.0%
Total0.13.14.84.0242.0%

Top Export Markets for Buttons; of Plastics, Not Covered with Textile Material from Ghana in 2022:

  1. Burkina Faso (97.0 kg)
  2. Cote d'Ivoire (88.0 kg)

Source: IndexBox Market Intelligence Platform

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