Price for Fibres; Synthetic Filament Tow, of Polypropylene in Ghana - 2023
Contents:
- Price for Fibres; Synthetic Filament Tow, of Polypropylene in Ghana (CIF) - 2022
- Imports of Fibres; Synthetic Filament Tow, of Polypropylene in Ghana
Price for Fibres; Synthetic Filament Tow, of Polypropylene in Ghana (CIF) - 2022
In 2022, the average import price for fibres; synthetic filament tow, of polypropylene amounted to $1,267 per ton, declining by -23.9% against the previous year. Overall, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of 77% against the previous year. The import price peaked at $3,477 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
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 South Korea ($3,592 per ton), while the price for China totaled $808 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.2%).
Imports of Fibres; Synthetic Filament Tow, of Polypropylene in Ghana
In 2022, approx. 19 tons of fibres; synthetic filament tow, of polypropylene were imported into Ghana; jumping by 25% on 2021. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 246%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of fibres; synthetic filament tow, of polypropylene fell to $24K in 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 264% against the previous year. As a result, imports attained the peak of $27K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Fibres; Synthetic Filament Tow, of Polypropylene in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 5.1 | 23.1 | 20.2 | 10.9 | 28.8% |
| China | 2.0 | 3.5 | 5.1 | 6.5 | 48.1% |
| Others | 0.3 | 0.3 | 0.3 | 7.0 | 185.8% |
| Total | 7.4 | 26.9 | 25.6 | 24.3 | 48.6% |
Top Suppliers of Fibres; Synthetic Filament Tow, of Polypropylene to Ghana in 2022:
- China (8.0 tons)
- South Korea (3.0 tons)
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