Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in Ghana - 2022

Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in Ghana (CIF) - 2022

In 2022, the average import price for rubber; inner tubes, of a kind used on bicycleses amounted to $1.4 per unit, jumping by 58% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 China ($1.4 per unit), while the price for India totaled $0.6 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%).

Price for Rubber; Inner Tubes, of A Kind Used On Bicycles in Ghana (FOB) - 2022

In 2022, the average export price for rubber; inner tubes, of a kind used on bicycleses amounted to $1.2 per unit, remaining constant against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 69%. As a result, the export price reached the peak level of $1.7 per unit. From 2019 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +0.1% per year.

Imports of Rubber; Inner Tubes, of A Kind Used On Bicycles in Ghana

In 2022, after three years of growth, there was significant decline in overseas purchases of rubber; inner tubes, of a kind used on bicycleses, when their volume decreased by -26.7% to 6.2M units. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 69%. As a result, imports attained the peak of 8.5M units, and then contracted dramatically in the following year.

In value terms, imports of rubber; inner tubes, of a kind used on bicycleses surged to $8.5M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.7% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 37%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Rubber; Inner Tubes, of A Kind Used On Bicycles in Ghana (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	4.2	5.2	6.7	8.2	25.0%
India	0.3	0.1	0.5	0.2	-12.6%
Others	0.1	N/A	0.1	0.1	0.0%
Total	4.6	5.3	7.3	8.5	22.7%

Top Suppliers of Rubber; Inner Tubes, of A Kind Used On Bicycles to Ghana in 2022:

China (5.8M units)
India (0.4M units)

Exports of Rubber; Inner Tubes, of A Kind Used On Bicycles in Ghana

For the fourth year in a row, Ghana recorded growth in overseas shipments of rubber; inner tubes, of a kind used on bicycleses, which increased by 0.5% to 74K units in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 219% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of rubber; inner tubes, of a kind used on bicycleses totaled $86K in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 218%. The exports peaked in 2022 and are expected to retain growth in years to come.