Price for Non-Furniture Refrigerating or Freezing Equipment in Ghana - 2022

Contents:

1. Price for Non-Furniture Refrigerating or Freezing Equipment in Ghana (CIF) - 2022
2. Price for Non-Furniture Refrigerating or Freezing Equipment in Ghana (FOB) - 2022
3. Imports of Non-Furniture Refrigerating or Freezing Equipment in Ghana
4. Exports of Non-Furniture Refrigerating or Freezing Equipment in Ghana

Price for Non-Furniture Refrigerating or Freezing Equipment in Ghana (CIF) - 2022

In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $151 per unit, remaining relatively unchanged against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-furniture refrigerating or freezing equipment import price increased by +98.5% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 52%. As a result, import price reached the peak level of $151 per unit, leveling off in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($379 per unit), while the price for Turkey ($116 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+29.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Furniture Refrigerating or Freezing Equipment in Ghana (FOB) - 2022

The average export price for non-furniture refrigerating or freezing equipment stood at $75 per unit in 2022, shrinking by -4.3% against the previous year. Overall, the export price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 136%. Over the period under review, the average export prices hit record highs at $158 per unit in 2013; however, from 2014 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 Togo ($119 per unit), while the average price for exports to Burkina Faso ($47 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sierra Leone (+431.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Furniture Refrigerating or Freezing Equipment in Ghana

After three years of growth, purchases abroad of non-furniture refrigerating or freezing equipment decreased by -16.8% to 56K units in 2022. In general, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 98% against the previous year. Over the period under review, imports hit record highs at 67K units in 2021, and then reduced notably in the following year.

In value terms, non-furniture refrigerating or freezing equipment imports shrank remarkably to $8.4M in 2022. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 97%. As a result, imports attained the peak of $10M, and then contracted markedly in the following year.

Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Ghana in 2022:

1. China (30.2K units)
2. Turkey (7.3K units)
3. Italy (5.5K units)
4. France (2.2K units)
5. Lebanon (2.1K units)
6. Germany (2.0K units)
7. South Africa (1.3K units)
8. United Arab Emirates (1.2K units)
9. United States (0.8K units)
10. Malaysia (0.7K units)

Exports of Non-Furniture Refrigerating or Freezing Equipment in Ghana

In 2022, the amount of non-furniture refrigerating or freezing equipment exported from Ghana shrank to 33 units, which is down by -8.3% on the previous year's figure. Overall, exports saw a dramatic curtailment. Over the period under review, the exports reached the maximum at 113 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-furniture refrigerating or freezing equipment exports fell to $2.5K in 2022. Over the period under review, exports continue to indicate a abrupt descent. The exports peaked at $4.8K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Ghana in 2022:

1. Burkina Faso (20.0 units)
2. Togo (10.0 units)
3. United Arab Emirates (3.0 units)

Source: IndexBox Market Intelligence Platform