Ghana: Fiberboard Market 2024

Fiberboard Market Size in Ghana

In 2022, the Ghanian fiberboard market decreased by X% to $X for the first time since 2013, thus ending a eight-year rising trend. Overall, consumption, however, saw a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped in the following year.

Fiberboard Exports

Exports from Ghana

After three years of growth, overseas shipments of fiber board of wood or other ligneous materials decreased by X% to X cubic meters in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X cubic meters in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, fiberboard exports declined to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Lebanon (X cubic meters) was the main destination for fiberboard exports from Ghana, accounting for a X% share of total exports. Moreover, fiberboard exports to Lebanon exceeded the volume sent to the second major destination, Togo (X cubic meters), twofold. The third position in this ranking was taken by Nigeria (X cubic meters), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Lebanon amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (X% per year) and Nigeria (X% per year).

In value terms, Lebanon ($X) remains the key foreign market for fiber board of wood or other ligneous materials exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with an X% share of total exports. It was followed by Togo, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Lebanon totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Togo (X% per year).

Export Prices by Country

In 2022, the average fiberboard export price amounted to $X per cubic meter, growing by X% against the previous year. Over the period under review, the export price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lebanon ($X per cubic meter), while the average price for exports to Burkina Faso ($X 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 Gambia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Fiberboard Imports

Imports into Ghana

After two years of growth, overseas purchases of fiber board of wood or other ligneous materials decreased by X% to X cubic meters in 2022. In general, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X cubic meters in 2021, and then fell in the following year.

In value terms, fiberboard imports contracted to $X in 2022. Over the period under review, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, China (X cubic meters) constituted the largest fiberboard supplier to Ghana, with a X% share of total imports. Moreover, fiberboard imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X cubic meters), fivefold. Egypt (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Egypt (X% per year).

In value terms, China ($X) constituted the largest supplier of fiber board of wood or other ligneous materials to Ghana, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Egypt (X% per year).

Import Prices by Country

In 2022, the average fiberboard import price amounted to $X per cubic meter, with a decrease of X% against the previous year. Over the period under review, the import price recorded a mild downturn. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2012; however, from 2013 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 China ($X per cubic meter), while the price for Malaysia ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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