Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ghana - 2022
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ghana (CIF) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ghana (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ghana
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ghana
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ghana (CIF) - 2022
The average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $3,427 per ton in 2022, with an increase of 4.2% against the previous year. Overall, the import price, however, continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2021 when the average import price increased by 35% against the previous year. The import price peaked at $4,797 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($6,716 per ton), while the price for Turkey ($1,927 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ghana (FOB) - 2022
The average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $6,015 per ton in 2022, picking up by 29% against the previous year. Over the period under review, the export price showed a buoyant expansion. The pace of growth was the most pronounced in 2018 an increase of 69%. As a result, the export price attained the peak level of $11,026 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($11,421 per ton), while the average price for exports to Togo amounted to $5,627 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Togo (+11.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ghana
Imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) into Ghana amounted to 1.6K tons in 2022, with an increase of 12% against the year before. The total import volume increased at an average annual rate of +11.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) surged to $5.5M in 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 57%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,351 | 2,080 | 3,906 | 4,681 | 51.3% |
| Turkey | 165 | 71.8 | 139 | 140 | -5.3% |
| United Kingdom | 345 | 77.8 | 47.0 | 138 | -26.3% |
| United Arab Emirates | 47.5 | 358 | 163 | 93.6 | 25.4% |
| Others | 992 | 417 | 465 | 451 | -23.1% |
| Total | 2,901 | 3,005 | 4,719 | 5,504 | 23.8% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Ghana in 2022:
- China (1380.7 tons)
- Turkey (72.5 tons)
- United Arab Emirates (46.5 tons)
- United Kingdom (31.7 tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ghana
Exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) from Ghana amounted to 7.5 tons in 2022, picking up by 15% on the previous year's figure. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 188%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) skyrocketed to $45K in 2022. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 167%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Togo | N/A | 2.6 | 20.9 | 41.7 | 300.5% |
| Cote d'Ivoire | 2.0 | 13.9 | 2.1 | 0.2 | -53.6% |
| Burkina Faso | 1.5 | N/A | N/A | N/A | 0% |
| Angola | N/A | N/A | 6.5 | N/A | 0% |
| Others | 2.6 | N/A | 0.9 | 2.9 | 3.7% |
| Total | 6.2 | 16.5 | 30.4 | 44.8 | 93.3% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Ghana in 2022:
- Togo (7.4 tons)
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