Price for Non-Furniture Refrigerating or Freezing Equipment in Ghana - 2022
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Ghana (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Ghana (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Ghana
- 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.
Import of Non-Furniture Refrigerating or Freezing Equipment in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 675 | 1,647 | 2,736 | 3,606 | 74.8% |
Italy | 523 | 979 | 2,032 | 1,436 | 40.0% |
Turkey | 93.9 | 1,099 | 1,022 | 845 | 108.0% |
Germany | 316 | 59.8 | 2,225 | 525 | 18.4% |
France | 114 | 373 | 422 | 441 | 57.0% |
Lebanon | 24.9 | 21.1 | 3.3 | 261 | 118.9% |
United States | 454 | 137 | 229 | 224 | -21.0% |
United Arab Emirates | 12.0 | 58.1 | 581 | 207 | 158.4% |
South Africa | 42.1 | 233 | 64.2 | 191 | 65.5% |
Malaysia | 19.2 | 133 | 55.4 | 85.9 | 64.8% |
Others | 690 | 400 | 737 | 587 | -5.2% |
Total | 2,965 | 5,140 | 10,106 | 8,409 | 41.5% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Ghana in 2022:
- China (30.2K units)
- Turkey (7.3K units)
- Italy (5.5K units)
- France (2.2K units)
- Lebanon (2.1K units)
- Germany (2.0K units)
- South Africa (1.3K units)
- United Arab Emirates (1.2K units)
- United States (0.8K units)
- 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.
Export of Non-Furniture Refrigerating or Freezing Equipment in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Togo | N/A | N/A | N/A | 1.2 | 0% |
Burkina Faso | 1.8 | 0.2 | 0.2 | 0.9 | -20.6% |
United Arab Emirates | N/A | N/A | N/A | 0.4 | 0% |
Cote d'Ivoire | N/A | 3.3 | 1.7 | N/A | -48.5% |
Rwanda | N/A | N/A | 0.9 | N/A | 0% |
Mauritius | N/A | 0.5 | N/A | N/A | 0% |
Angola | 1.2 | N/A | N/A | N/A | 0% |
Others | 1.8 | N/A | 0.1 | N/A | -76.4% |
Total | 4.8 | 4.1 | 2.8 | 2.5 | -19.5% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Ghana in 2022:
- Burkina Faso (20.0 units)
- Togo (10.0 units)
- United Arab Emirates (3.0 units)
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