Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Ghana - 2022
Contents:
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Ghana (CIF) - 2022
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Ghana (FOB) - 2022
- Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Ghana
- Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Ghana
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Ghana (CIF) - 2022
In 2022, the average import price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $1,076 per ton, waning by -23.4% against the previous year. In general, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2019 an increase of 11%. Over the period under review, average import prices reached the maximum at $3,451 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($3,188 per ton), while the price for Malaysia ($201 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+20.2%), while the prices for the other major suppliers experienced a decline.
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Ghana (FOB) - 2022
The average export price for paints and varnishes, based on polyesters, non-aqueous medium stood at $5,344 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 +4.3%. The most prominent rate of growth was recorded in 2014 an increase of 25% against the previous year. Over the period under review, the average export prices attained the peak figure at $5,898 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($20,552 per ton), while the average price for exports to Nigeria ($235 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+65.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Ghana
For the fourth year in a row, Ghana recorded growth in purchases abroad of paints and varnishes, based on polyesters, non-aqueous medium, which increased by 13% to 2.4K tons in 2022. In general, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 347% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium shrank to $2.6M in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 181%.
| Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 78.2 | 190 | 1,009 | 744 | 111.9% |
| Cote d'Ivoire | 239 | 855 | 879 | 715 | 44.1% |
| China | 114 | 266 | 354 | 503 | 64.0% |
| Brazil | 86.8 | 224 | 245 | 123 | 12.3% |
| Greece | 68.2 | 107 | 74.8 | 85.3 | 7.7% |
| Malaysia | 1.5 | 6.7 | 13.1 | 85.2 | 284.4% |
| United Arab Emirates | 1.2 | 6.5 | 10.3 | 23.2 | 168.4% |
| United Kingdom | 0.5 | 123 | 67.5 | 19.2 | 237.4% |
| Others | 187 | 405 | 341 | 291 | 15.9% |
| Total | 777 | 2,185 | 2,993 | 2,589 | 49.4% |
Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Ghana in 2022:
- Cote d'Ivoire (655.2 tons)
- China (600.6 tons)
- Malaysia (423.4 tons)
- Netherlands (233.4 tons)
- Brazil (153.4 tons)
- Greece (71.0 tons)
- United Arab Emirates (49.2 tons)
- United Kingdom (34.8 tons)
Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Ghana
After three years of growth, shipments abroad of paints and varnishes, based on polyesters, non-aqueous medium decreased by -23.8% to 28 tons in 2022. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 88%.
In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium declined dramatically to $150K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 85% against the previous year.
| Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Senegal | 49.7 | 95.0 | 178 | 139 | 40.9% |
| Cameroon | 3.0 | 4.3 | 6.3 | 3.8 | 8.2% |
| Benin | 1.4 | 2.6 | 4.7 | 3.5 | 35.7% |
| Mali | 1.1 | 2.0 | 3.4 | 2.4 | 29.7% |
| Nigeria | 0.5 | 0.7 | 1.2 | 0.8 | 17.0% |
| Burkina Faso | 0.6 | 0.1 | 0.6 | 0.5 | -5.9% |
| Togo | 0.2 | 0.3 | 0.6 | 0.4 | 26.0% |
| Others | 0.4 | 0.3 | 0.2 | 0.2 | -20.6% |
| Total | 56.8 | 105 | 195 | 150 | 38.2% |
Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Ghana in 2022:
- Benin (10.9 tons)
- Senegal (6.8 tons)
- Nigeria (3.2 tons)
- Cameroon (2.1 tons)
- Burkina Faso (2.1 tons)
- Togo (1.4 tons)
- Mali (1.4 tons)
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