Market research

Natural latex in primary forms market in Ghana

$Natural latex in primary forms market in Ghana$

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market for natural latex in primary forms in Ghana witnessed a period of remarkable expansion from 2018 to 2022. The market volume more than tripled, rising from 30.7 thousand tons to 113.8 thousand tons. This growth was underpinned by a dramatic rise in domestic production, which increased from 41.3 thousand tons to 117.0 thousand tons over these five years, while imports remained minimal.

The market's rapid growth trajectory paused in 2023, with volume stabilizing at 113.1 thousand tons. This plateau occurred despite domestic production reaching a new high of 126.4 thousand tons, as a significant portion of the output was directed abroad, with exports jumping to 14.8 thousand tons.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Ghana
  1. 5.1.1. Annual dynamics of production in Ghana in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Ghana in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data*)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Ghana in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Ghana by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Ghana in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Ghana by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Ghana, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Ghana by countries, 2018-2024, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Ghana in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Ghana by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Ghana in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Ghana by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Ghana, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Ghana by countries, 2018-2024, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data*)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Ghana in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Ghana by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Ghana in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Ghana by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Ghana, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Ghana by countries, 2018-2024, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Ghana in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Ghana by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Ghana in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Ghana by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Ghana, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Ghana by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production natural latex in primary forms in Ghana

In kind, 2017-2020, t

From 2017 to 2020, Ghana ranked 19th globally in the production of natural latex in primary forms.

Top producers of natural latex in primary forms, 2017-2020

Source: SHEV.io

World map of production of natural latex in primary forms, 2017-2020

Source: SHEV.io

Ghana's production of natural latex in primary forms grew for the third year in a row. In 2020, the country produced 69 000 tonnes, marking a 63.5% increase from 2019. Over the 2017-2020 period, production rose by 86.5%, with a compound annual growth rate of 23.1%.

Annual dynamics of production in Ghana in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	11.6%	2.2%	63.5%	23.1%

Source: SHEV.io

Exports natural latex in primary forms from Ghana

Exports in kind, K t

Exports of natural latex in primary forms from Ghana fell for the third consecutive year. In 2020, exports totaled 0.2 thousand tonnes, down 85.7% from 2019. Between 2017 and 2020, exports dropped by 99.9%, with a compound annual decline of 90.3%.

Annual dynamics of product's exports from Ghana in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(93.9%)	(89.4%)	(85.7%)	(90.3%)

Source: SHEV.io

From 2017 to 2020, China and Canada accounted for the majority of Ghana's exports of natural latex in primary forms in volume terms, while other markets played a smaller role.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Ghana in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Ghana's exports of natural latex in primary forms in value terms declined for the third year in a row. In 2020, exports amounted to 210 thousand US dollars, a sharp 73.1% decrease from the previous year. Between 2017 and 2020, exports fell by 99.2%, equivalent to an annualized rate of 80.4%.

Annual dynamics of product's exports from Ghana in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(52.7%)	(94.1%)	(73.1%)	(80.4%)

Source: SHEV.io

During 2017-2020, three key markets—Malaysia, the United States, and Spain—collectively absorbed 70.4% of Ghana's total export value for natural latex in primary forms.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Ghana in value, 2017-2020

Source: SHEV.io

Imports natural latex in primary forms to Ghana

Imports in kind, K t

Ghana's imports of natural latex in primary forms in volume terms decreased for the third consecutive year. In 2020, imports totaled 0.0 thousand tonnes, a steep 98.3% drop from 2019. Over the 2017-2020 period, imports fell by 99.2%, with a compound annual decline of 79.9%.

Annual dynamics of product's imports to Ghana in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(13.6%)	(45.8%)	(98.3%)	(79.9%)

Source: SHEV.io

From 2017 to 2020, Ghana's imports of natural latex in primary forms in volume terms were heavily concentrated on China, which held a 93.6% share of total imports.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Ghana in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

In 2020, Ghana imported 17 thousand US dollars worth of natural latex in primary forms, a steep 26.1% decrease from the previous year. Over the 2017-2020 period, imports declined by 49.2%, with a compound annual rate of 20.2%. The lowest value was recorded in 2018 at 16 thousand US dollars. The largest decline occurred in 2018, at 52.2%, while the largest increase was in 2019, at 43.9%.

Annual dynamics of product's imports to Ghana in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(52.2%)	43.9%	(26.1%)	(20.2%)

Source: SHEV.io

Between 2017 and 2020, two main markets—China and Tanzania—together made up 83.7% of Ghana's total import value for natural latex in primary forms, with the remainder spread across a variety of other countries.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Ghana in value, 2017-2020

Source: SHEV.io