Ghana: Spacecraft Market 2023

Spacecraft Market Size in Ghana

For the ninth year in a row, the Ghanian spacecraft market recorded decline in sales value, which decreased by -1.3% to $X in 2021. Over the period under review, consumption continues to indicate a sharp contraction. The growth pace was the most rapid in 2020 when the market value decreased by -1.3% against the previous year. Spacecraft consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Spacecraft Exports

Exports by Country

Sierra Leone (X units) was the main destination for spacecraft exports from Ghana, accounting for a approx. 100% share of total exports.

From 2013 to 2013, the average annual growth rate of volume to Sierra Leone was relatively modest.

From 2013 to 2013, the average annual rate of growth in terms of value to Sierra Leone was relatively modest.

Spacecraft Imports

Imports into Ghana

In 2021, the amount of civil spacecraft, satellites and launch vehicles imported into Ghana amounted to X units, remaining constant against the previous year's figure. Over the period under review, imports showed a sharp slump. The growth pace was the most rapid in 2013 when imports increased by 25%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, spacecraft imports dropped to $X in 2021. Overall, imports continue to indicate a sharp curtailment. The smallest decline of -1.7% was in 2017. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) was the main supplier of spacecraft to Ghana, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -20.6%.

In value terms, the United States ($X) constituted the largest supplier of spacecraft to Ghana, comprising 90% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 3.8% share of total imports. It was followed by South Africa, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled -18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-29.8% per year) and South Africa (-33.0% per year).

Import Prices by Country

The average spacecraft import price stood at $X per unit in 2021, falling by -8.2% against the previous year. In general, the import price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2015 an increase of 11% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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