Ghana: Electric Hand-Dryer Market 2024

Electric Hand-Dryer Market Size in Ghana

The Ghanian electric hand-dryer market skyrocketed to $X in 2022, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a deep setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Electric Hand-Dryer Exports

Exports from Ghana

In 2022, the amount of electric hand-drying apparatus exported from Ghana soared to X units, growing by X% compared with 2021 figures. Over the period under review, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric hand-dryer exports soared to $X in 2022. Overall, exports showed a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units) was the main destination for electric hand-dryer exports from Ghana, accounting for a X% share of total exports. Moreover, electric hand-dryer exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Botswana (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cote d'Ivoire totaled X%.

In value terms, Cote d'Ivoire ($X) remains the key foreign market for electric hand-drying apparatus exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by Botswana ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Cote d'Ivoire stood at X%.

Export Prices by Country

The average electric hand-dryer export price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price continues to indicate a pronounced decline. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Botswana stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%), while the prices for the other major destinations experienced a decline.

Electric Hand-Dryer Imports

Imports into Ghana

In 2022, the amount of electric hand-drying apparatus imported into Ghana soared to X units, increasing by X% on the year before. In general, imports, however, saw a deep reduction. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, electric hand-dryer imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Australia (X units), China (X units) and Spain (X units) were the main suppliers of electric hand-dryer imports to Ghana, with a combined X% share of total imports. The Netherlands, Israel, the UK, Turkey, the United States, Switzerland, Italy, Morocco, the United Arab Emirates and Portugal lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Australia ($X) and the UK ($X) were the largest electric hand-dryer suppliers to Ghana, together accounting for X% of total imports. Spain, the Netherlands, Turkey, Switzerland, the United Arab Emirates, Morocco, Italy, Israel, the United States and Portugal lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average electric hand-dryer import price amounted to $X per unit, falling by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price reached the peak level of $X per unit, and then shrank sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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