Price for Rubber; Natural (Excluding Latex), in Smoked Sheets in Ghana - 2022
Contents:
- Price for Rubber; Natural (Excluding Latex), in Smoked Sheets in Ghana (FOB) - 2022
- Exports of Rubber; Natural (Excluding Latex), in Smoked Sheets in Ghana
Price for Rubber; Natural (Excluding Latex), in Smoked Sheets in Ghana (FOB) - 2022
In 2022, the average export price for rubber; natural (excluding latex), in smoked sheetses amounted to $1,666 per ton, falling by -24.4% against the previous year. Over the period under review, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 66%. Over the period under review, the average export prices hit record highs at $3,465 per ton in 2012; however, from 2013 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 the United States ($1,777 per ton), while the average price for exports to Malaysia ($694 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 Germany (-4.5%), while the prices for the other major destinations experienced a decline.
Exports of Rubber; Natural (Excluding Latex), in Smoked Sheets in Ghana
In 2022, the amount of rubber; natural (excluding latex), in smoked sheetses exported from Ghana skyrocketed to 1.6K tons, growing by 30% on 2021 figures. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 352%. As a result, the exports reached the peak of 1.9K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of rubber; natural (excluding latex), in smoked sheetses dropped slightly to $2.6M in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 239%.
| Export of Rubber; Natural (Excluding Latex), in Smoked Sheets in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 314 | 1,271 | 1,933 | 2,386 | 96.6% |
| Germany | 0.6 | 3.8 | 10.7 | 62.2 | 369.8% |
| Malaysia | 261 | 983 | 468 | 60.8 | -38.5% |
| Netherlands | 91.7 | 159 | 114 | 50.6 | -18.0% |
| Spain | 44.6 | 87.1 | 70.3 | 34.9 | -7.8% |
| Others | 51.7 | 84.5 | 72.3 | 34.2 | -12.9% |
| Total | 763 | 2,588 | 2,668 | 2,628 | 51.0% |
Top Export Markets for Rubber; Natural (Excluding Latex), in Smoked Sheets from Ghana in 2022:
- United States (1342.2 tons)
- Malaysia (87.5 tons)
- Netherlands (41.6 tons)
- Spain (39.5 tons)
- Germany (37.3 tons)
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This report provides an in-depth analysis of the market for natural rubber and gum in Ghana.
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This report provides an in-depth analysis of the global market for natural rubber and gum.
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This report provides an in-depth analysis of the market for natural rubber and gum in Ghana.
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This report provides an in-depth analysis of the global market for natural rubber and gum.
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In the beginning of 2021, demand for natural rubber spiked and prices for rubber increased due to a quick rebound in China’s tire manufacturing and the heightened need for latex gloves during the pandemic. Rubber production is projected to climb up this year in line with rising demand, slowing down the price growth. There is a risk that droughts in Malaysia, Thailand and Indonesia will create a supply shortage in the market and enable the prices to soar again.
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