Report Ghana - Binoculars - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Nov 11, 2022

Ghana - Binoculars - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Binocular Market 2022

Binocular Market Size in Ghana

In 2021, after two years of growth, there was significant decline in the Ghanian binocular market, when its value decreased by -14.6% to $X. Over the period under review, consumption, however, recorded a significant increase. Binocular consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Binocular Exports

Exports from Ghana

In 2019, overseas shipments of binoculars decreased by 0% to X units, falling for the second consecutive year after two years of decline. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 22%. The exports peaked at X units in 2017; however, from 2018 to 2019, the exports failed to regain momentum.

In value terms, binocular exports amounted to $X in 2019. In general, exports recorded a precipitous slump. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X units) was the main destination for binocular exports from Ghana, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Burkina Faso was relatively modest.

From 2012 to 2019, the average annual growth rate of value to Burkina Faso was relatively modest.

Export Prices by Country

In 2019, the average binocular export price amounted to $X per unit, remaining constant against the previous year. In general, the export price faced a sharp curtailment. The export price peaked at $X per unit in 2012; however, from 2013 to 2019, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Burkina Faso.

From 2012 to 2019, the rate of growth in terms of prices for the United States amounted to -44.3% per year.

Binocular Imports

Imports into Ghana

In 2021, supplies from abroad of binoculars decreased by -4.9% to X units for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 1,653%. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, binocular imports shrank dramatically to $X in 2021. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 2,436% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), the Netherlands (X units) and Germany (X units) were the main suppliers of binocular imports to Ghana, with a combined 81% share of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +72.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of binocular to Ghana, comprising 83% of total imports. The second position in the ranking was taken by China ($X), with a 5.1% share of total imports. It was followed by Switzerland, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +35.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+45.3% per year) and Switzerland (+34.1% per year).

Import Prices by Country

In 2021, the average binocular import price amounted to $X per unit, which is down by -20.6% against the previous year. Over the period under review, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 45% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Morocco ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for binoculars in the world?
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The countries with the highest volumes of consumption in 2021 were China, the United States and Russia, together comprising 37% of global consumption. These countries were followed by Pakistan, France, Germany, India, Japan, the UK, Spain, Indonesia, Turkey and Italy, which together accounted for a further 30%.
What are the largest producers of binoculars in the world?
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China remains the largest binocular producing country worldwide, comprising approx. 67% of total volume. Moreover, binocular production in China exceeded the figures recorded by the second-largest producer, Pakistan, more than tenfold. Russia ranked third in terms of total production with a 4.1% share.
What are the leading suppliers of binoculars to Ghana?
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In value terms, the Netherlands constituted the largest supplier of binocular to Ghana, comprising 83% of total imports. The second position in the ranking was held by China, with a 5.1% share of total imports. It was followed by Switzerland, with a 2.9% share.
What is the average export price for binoculars in Ghana?
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The average binocular export price stood at $2.1 per unit in 2019, remaining constant against the previous year.
What is the average import price for binoculars in Ghana?
+
In 2021, the average binocular import price amounted to $8 per unit, waning by -20.6% against the previous year.

This report provides an in-depth analysis of the binocular 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 26702230 - Binoculars (including night vision binoculars)
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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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