With the development of Ghana’s agriculture and food processing industry, the Ghanaian market’s demand for plastic products has grown rapidly, which has given birth to the development of Ghana’s plastic upstream industrial chain-the plastic processing industry. The plastic processing industry is becoming a popular investment in Ghana and exports to Ghana. Industry selection.
It is reported that most companies in the plastics processing industry in Africa currently rely on imported resins from the Middle East or Asia, and the lack of sufficient local polymer production is the biggest challenge they currently face.
The rise in the exchange rate of the local currency against the U.S. dollar has further increased market uncertainty, making it difficult to compete with cheap Chinese imports. Obviously, plastics play a vital role in transforming the African continent.
According to AMI forecasts, in the next five years, the demand for plastics from South Africa to the coast of Côte d’Ivoire will increase by 5% to 15% annually, with an average annual increase of 8%. Ghana is currently facing economic transformation. Following traditional export projects such as gold, cocoa, diamonds, wood, manganese, bauxite, etc., Ghana is increasingly exporting processed and semi-processed products, and there is a demand for plastic packaging. Also getting bigger.
(1) In 2010, the output value of the packaging industry in Ghana was about 200 million U.S. dollars and reached 5 billion U.S. dollars in 2015. Ghanaian government agencies are working to promote the development of the packaging industry in Ghana.
(2) From 2010 to 2012, West African food processing and packaging machinery imports reached 341 million to 567 million euros, an increase of 66%; plastic equipment imports rose from 96 million euros to 135 million euros, an increase of 40%; printing machinery increased from 6,850 Million euros increased to 88.2 million euros.
(3) Ghana is a country with the fastest economic growth, stable political situation and abundant resources in Africa. Since 2015, many foreign companies have targeted the Ghanaian market and have established many printing plants in Ghana.
West African Agriculture
According to data from the German Engineering Association, imports of agricultural machinery from West Africa reached 1.753 billion euros in 2013, 1.805 billion euros in 2012, and 1.678 billion euros in 2011.
West Africa Food and Beverage Machinery
West African food production and packaging machinery imports increased from 341 million euros in 2010 to 600 million euros in 2013, an increase of 75%.
West African Food
According to data from the World Trade Organization, in 2013, West African food imports reached 13.89 billion U.S. dollars, West African food exports totaled 12.28 billion U.S. dollars in 2013, and import and export trade totaled 26.17 billion U.S. dollars.
Cross-border trade
The rapid growth of 50% of the youth and middle-aged population in Ghana has an increasing demand for carbonated beverages, fruit juices and functional beverages. Ghana has a vast market of 250 million in West Africa, and imports of food and beverages from foreign countries have also been increasing in recent years.
The economic and trade cooperation between China and Ghana is locked in the food and beverage field, and the two countries are strengthening development and cooperation in this field. In 2016, the Ghanaian government expects to invest 120 million Ghanaian cedi (approximately 193 million yuan) to support agricultural development, especially to increase investment in rice, shea, cashew and agricultural products processing industries to increase agricultural production capacity.
Ghana’s Vice President Quesi Amisa Arthur also stated that hundreds of tractors, harvesters and other agricultural machinery will also be distributed to farmers across the country to promote Ghana’s economy by accelerating agricultural modernization and achieving sustainable use of resources. Transformation is the top priority for the government to attract investment. To this end, the Ghanaian government has increased the number of agricultural mechanization service centers nationwide from 57 in 2009 to 89 in 2014, and the coverage rate has increased by 56%. The government will invest 3 billion Ghanaian cedi in the next five years to support cocoa Road construction in the planting area.
With the implementation and development of this series of measures, the plastics processing industry has become a popular choice for investment and export in the current Ghanaian market.
As a country with a large population, China has always occupied a very important position in the development of the plastic packaging industry. The mature technology and the fit of the national conditions, therefore, have extremely broad development prospects in Ghana.
It is estimated that in the next 5 years, Africa's demand for different levels of plastics will increase by an average of about 8% annually. While Ghana, which is vigorously developing agricultural products, food and beverage processing and semi-processing industries, has continued to increase its demand for plastic products, which has also given birth to the development of Ghana’s plastic processing industry. Future investment in Ghana’s plastic processing industry and the export of plastic processing machinery to Ghana The market prospects are very broad.
