Price for Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Ghana - 2023
Contents:
- Price for Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Ghana (CIF) - 2023
- Price for Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Ghana (FOB) - 2022
- Imports of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Ghana
- Exports of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Ghana
Price for Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Ghana (CIF) - 2023
The average import price for medium density fibreboard (MDF) of thickness over 9 mm stood at $230 per cubic meter in December 2023, which is down by -18.4% against the previous month. Over the period under review, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 43% month-to-month. As a result, import price reached the peak level of $398 per cubic meter. From April 2023 to December 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Romania ($431 per cubic meter), while the price for Turkey ($145 per cubic meter) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Romania (+19.1%), while the prices for the other major suppliers experienced a decline.
Price for Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Ghana (FOB) - 2022
In 2022, the average export price for medium density fibreboard (MDF) of thickness over 9 mm amounted to $1,173 per cubic meter, picking up by 134% against the previous year. Over the period under review, the export price, however, recorded a perceptible contraction. Over the period under review, the average export prices reached the peak figure at $1,986 per cubic meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($4,107 per cubic meter), while the average price for exports to Nigeria ($876 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+59.7%), while the prices for the other major destinations experienced a decline.
Imports of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Ghana
Imports of medium density fibreboard (MDF) of thickness over 9 mm into Ghana fell to 11K cubic meters in 2022, with a decrease of -14.2% against the previous year's figure. Overall, imports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of 13K cubic meters, and then dropped in the following year.
In value terms, imports of medium density fibreboard (MDF) of thickness over 9 mm fell remarkably to $3.3M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 40%. Imports peaked at $5.2M in 2021, and then fell significantly in the following year.
| Import of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,154 | 2,980 | 4,080 | 1,355 | 5.5% |
| Turkey | 115 | 676 | 406 | 158 | 11.2% |
| Romania | 9.2 | 3.9 | 139 | 48.2 | 73.7% |
| Others | 1,499 | 215 | 603 | 1,744 | 5.2% |
| Total | 2,777 | 3,875 | 5,228 | 3,305 | 6.0% |
Top Suppliers of Medium Density Fibreboard (MDF) of Thickness over 9 Mm to Ghana in 2022:
- China (4.6K cubic meters)
- Turkey (0.7K cubic meters)
- Romania (0.1K cubic meters)
Exports of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Ghana
Exports of medium density fibreboard (MDF) of thickness over 9 mm from Ghana contracted rapidly to 10 cubic meters in 2022, falling by -70.6% against the previous year's figure. Over the period under review, exports showed a significant curtailment. The smallest decline of -39.1% was in 2020. The exports peaked at 156 cubic meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of medium density fibreboard (MDF) of thickness over 9 mm contracted significantly to $12K in 2022. Overall, exports showed a dramatic slump. Over the period under review, the exports of medium density fibreboard (MDF) of thickness over 9 mm reached the peak figure at $80K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Medium Density Fibreboard (MDF) of Thickness over 9 Mm in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 64.0 | 28.4 | 12.2 | 6.2 | -54.1% |
| Togo | 12.8 | 9.8 | 3.5 | 2.5 | -42.0% |
| Burkina Faso | 2.7 | 1.9 | 1.3 | 1.5 | -17.8% |
| Saudi Arabia | N/A | 10.4 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 1.5 | 0% |
| Total | 79.5 | 50.6 | 17.1 | 11.7 | -47.2% |
Top Export Markets for Medium Density Fibreboard (MDF) of Thickness over 9 Mm from Ghana in 2022:
- Nigeria (7.0 cubic meters)
- Togo (2.0 cubic meters)
- Burkina Faso (1.0 cubic meters)
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