Ghana - Semiconductor Devices - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Ghana - Semiconductor Devices - Market Analysis, Forecast, Size, Trends And Insights

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Semiconductor Device Price in Ghana - 2022

Contents:

  1. Semiconductor Device Price in Ghana (FOB) - 2022
  2. Semiconductor Device Price in Ghana (CIF) - 2022
  3. Semiconductor Device Exports in Ghana
  4. Semiconductor Device Imports in Ghana

Semiconductor Device Price in Ghana (FOB) - 2022

In 2022, the average semiconductor device export price amounted to $26 per unit, which is down by -11.6% against the previous year. Overall, the export price, however, recorded a resilient expansion. The growth pace was the most rapid in 2019 when the average export price increased by 63%. The export price peaked at $31 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($1.2 per unit), while the average price for exports to Burkina Faso amounted to $0.1 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (-13.2%).

Semiconductor Device Price in Ghana (CIF) - 2022

The average semiconductor device import price stood at $31 per unit in 2022, waning by -20.7% against the previous year. Overall, the import price, however, posted buoyant growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 1,239%. The import price peaked at $207 per unit in 2016; however, from 2017 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 France ($0.5 per unit), while the price for the United Arab Emirates (less than $0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+20.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Semiconductor Device Exports in Ghana

In 2022, overseas shipments of semiconductor devices decreased by -12.5% to 1.4K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 707%. Over the period under review, the exports reached the maximum at 1.6K units in 2021, and then shrank in the following year.

In value terms, semiconductor device exports reduced rapidly to $37K in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 497% against the previous year. Over the period under review, the exports reached the maximum at $48K in 2021, and then contracted remarkably in the following year.

Export of Semiconductor Device in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cote d'Ivoire3.822.42.729.798.5%
Burkina Faso0.63.80.47.4131.0%
OthersN/AN/A44.8N/A0%
Total4.426.248.037.1103.5%

Top Export Markets for Semiconductor Device from Ghana in 2022:

  1. Burkina Faso (120.5K units)
  2. Cote d'Ivoire (25.6K units)

Semiconductor Device Imports in Ghana

In 2022, the amount of semiconductor devices imported into Ghana skyrocketed to 833 units, with an increase of 44% compared with 2021. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 264%. As a result, imports attained the peak of 1.1K units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, semiconductor device imports rose markedly to $26K in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +19.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 89% against the previous year. As a result, imports reached the peak of $29K. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Semiconductor Device in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada6.74.48.08.58.3%
Turkey0.44.85.25.5139.6%
China4.08.02.14.00.0%
Spain0.41.50.90.931.0%
Malaysia0.61.20.70.810.1%
India0.50.50.60.66.3%
United Arab Emirates0.20.30.20.20.0%
Others2.68.24.95.226.0%
Total15.328.922.725.819.0%

Top Suppliers of Semiconductor Device to Ghana in 2022:

  1. China (77.2K units)
  2. Canada (33.7K units)
  3. Turkey (22.0K units)
  4. United Arab Emirates (7.0K units)
  5. Malaysia (4.7K units)
  6. India (3.6K units)
  7. Spain (3.6K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the semiconductor device 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.

Product coverage:

  • Prodcom 26112260 - Semiconductor devices (excluding photosensitive semiconductor devices, photovoltaic cells, thyristors, diacs and triacs, transistors, diodes, and light-emitting diodes)

Country coverage:

  • Ghana

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Ghana
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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