Price for Non-Keyboard Electrical Musical Instruments in Ghana - 2022
Contents:
- Price for Non-Keyboard Electrical Musical Instruments in Ghana (CIF) - 2022
- Price for Non-Keyboard Electrical Musical Instruments in Ghana (FOB) - 2022
- Imports of Non-Keyboard Electrical Musical Instruments in Ghana
- Exports of Non-Keyboard Electrical Musical Instruments in Ghana
Price for Non-Keyboard Electrical Musical Instruments in Ghana (CIF) - 2022
In 2022, the average non-keyboard electrical musical instruments import price amounted to $156 per unit, declining by -16.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 70%. Over the period under review, average import prices attained the maximum at $269 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($736 per unit), while the price for Hong Kong SAR ($48 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Keyboard Electrical Musical Instruments in Ghana (FOB) - 2022
The average non-keyboard electrical musical instruments export price stood at $92 per unit in 2022, dropping by -22.2% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 1,241%. Over the period under review, the average export prices hit record highs at $342 per unit in 2012; however, from 2013 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 Burkina Faso ($241 per unit), while the average price for exports to the Netherlands ($1 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 Burkina Faso (+5.5%), while the prices for the other major destinations experienced a decline.
Imports of Non-Keyboard Electrical Musical Instruments in Ghana
In 2022, imports of non-keyboard electrical musical instrumentses into Ghana soared to 8.7K units, increasing by 604% compared with 2021. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-keyboard electrical musical instruments imports soared to $1.4M in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Non-Keyboard Electrical Musical Instruments in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.2 | 16.0 | 59.3 | 543 | 322.5% |
| United Arab Emirates | 3.5 | 8.2 | 14.8 | 148 | 248.4% |
| South Africa | 0.3 | 5.8 | 15.7 | 127 | 650.9% |
| Netherlands | 14.3 | 9.7 | 10.8 | 94.2 | 87.5% |
| China | 23.7 | 45.4 | 28.1 | 81.8 | 51.1% |
| United Kingdom | 11.0 | 18.5 | 54.2 | 69.9 | 85.2% |
| India | 0.5 | 5.4 | 12.5 | 62.6 | 400.3% |
| Hong Kong SAR | 1.3 | 0.8 | 0.9 | 7.0 | 75.3% |
| Others | 56.1 | 27.7 | 35.1 | 228 | 59.6% |
| Total | 118 | 138 | 231 | 1,361 | 125.9% |
Top Suppliers of Non-Keyboard Electrical Musical Instruments to Ghana in 2022:
- United States (4798.0 units)
- China (1179.0 units)
- South Africa (696.0 units)
- India (495.0 units)
- United Arab Emirates (281.0 units)
- Netherlands (229.0 units)
- Hong Kong SAR (147.0 units)
- United Kingdom (122.0 units)
Exports of Non-Keyboard Electrical Musical Instruments in Ghana
In 2022, approx. 21 units of non-keyboard electrical musical instrumentses were exported from Ghana; declining by -22.2% compared with the previous year. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 93%. As a result, the exports reached the peak of 27 units, and then reduced dramatically in the following year.
In value terms, non-keyboard electrical musical instruments exports contracted markedly to $1.9K in 2022. Overall, exports faced a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 2,485% against the previous year. The exports peaked at $3.4K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Non-Keyboard Electrical Musical Instruments in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | 1,183 | 55.0 | 1,455 | 965 | -6.6% |
| Nigeria | 286 | 13.0 | 359 | 290 | 0.5% |
| Rwanda | 1,059 | 22.0 | 56.0 | 265 | -37.0% |
| Germany | 316 | 15.0 | 389 | 258 | -6.5% |
| Cote d'Ivoire | 227 | 8.0 | 133 | 92.0 | -26.0% |
| United Kingdom | 95.0 | 3.0 | 65.0 | 32.0 | -30.4% |
| Canada | 27.0 | 1.0 | 25.0 | 14.0 | -19.7% |
| South Africa | 30.0 | 1.0 | 16.0 | 7.0 | -38.4% |
| Belgium | 16.0 | 1.0 | 13.0 | 7.0 | -24.1% |
| Ethiopia | 10.0 | 1.0 | 9.0 | 5.0 | -20.6% |
| Kenya | 6.0 | 1.0 | 4.0 | 2.0 | -30.7% |
| United States | 2.0 | 1.0 | 1.0 | 1.0 | -20.6% |
| Netherlands | 1.0 | 1.0 | 1.0 | 1.0 | 0.0% |
| Others | 109 | 1.0 | 680 | N/A | 149.8% |
| Total | 3,367 | 124 | 3,206 | 1,939 | -16.8% |
Top Export Markets for Non-Keyboard Electrical Musical Instruments from Ghana in 2022:
- Burkina Faso (4.0 units)
- Germany (3.0 units)
- Nigeria (3.0 units)
- Rwanda (2.0 units)
- Canada (1.0 units)
- United States (1.0 units)
- Netherlands (1.0 units)
- South Africa (1.0 units)
- Cote d'Ivoire (1.0 units)
- United Kingdom (1.0 units)
- Ethiopia (1.0 units)
- Belgium (1.0 units)
- Kenya (1.0 units)
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This report provides an in-depth analysis of the electrical musical instrument market in Ghana.
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