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Nov 09, 2024

Ghana's Aluminium Foil Market Report 2024 - Prices, Size, Forecast, and Companies

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. In 2023, the Ghanian aluminium foil market decreased by X% to $X for the first time since 2019,

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

In 2023, the Ghanian aluminium foil market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. Over the period under review, consumption, however, showed slight growth. Over the period under review, the market attained the peak level at $X in 2022, and then dropped rapidly in the following year.

In value terms, aluminium foil production declined notably to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a significant decrease. Aluminium foil production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

In 2023, approx. X tons of aluminium foil were exported from Ghana; growing by X% compared with the previous year's figure. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, aluminium foil exports rose slightly to $X in 2023. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in years to come.

Belgium (X tons), Democratic Republic of the Congo (X tons) and Guinea (X tons) were the main destinations of aluminium foil exports from Ghana, together comprising X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of X.3%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) emerged as the key foreign market for aluminium foil exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Belgium totaled X.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Togo (X% per year).

In 2023, the average aluminium foil export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price, however, posted prominent growth. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Guinea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Togo (X%).

In 2023, approx. X tons of aluminium foil were imported into Ghana; which is down by X% against 2022 figures. Overall, imports, however, posted a modest increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, aluminium foil imports declined significantly to $X in 2023. Over the period under review, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2023, the growth of imports remained at a lower figure.

India (X tons), Italy (X tons) and China (X tons) were the main suppliers of aluminium foil imports to Ghana, together comprising X% of total imports. Malaysia, Germany, Turkey and Israel lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Italy ($X) and Malaysia ($X) appeared to be the largest aluminium foil suppliers to Ghana, together accounting for X% of total imports.

Among the main suppliers, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

In 2023, the average aluminium foil import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced contraction. The growth pace was the most rapid in 2022 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the aluminium foil market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

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