Ghana: Market for Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines 2024

Market Size for Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines in Ghana

The Ghanian market for domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines rose rapidly to $X in 2022, surging 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 recorded resilient growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines

Exports from Ghana

In 2022, after two years of decline, there was significant growth in shipments abroad of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines, when their volume increased by X% to X units. Overall, exports posted buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines soared to $X in 2022. Over the period under review, exports showed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Kenya (X units) was the main destination for exports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines from Ghana, accounting for a X% share of total exports. Moreover, exports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines to Kenya exceeded the volume sent to the second major destination, Niger (X units), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Kenya totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (X% per year) and Benin (X% per year).

In value terms, Kenya ($X) emerged as the key foreign market for domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by Niger ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Kenya stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (X% per year) and Benin (X% per year).

Export Prices by Country

The average export price for domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price showed a perceptible descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($X per unit), while the average price for exports to Kenya ($X 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 Cameroon (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines

Imports into Ghana

In 2022, approx. X units of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines were imported into Ghana; with an increase of X% on 2021 figures. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines rose rapidly to $X in 2022. In general, imports enjoyed a pronounced expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines supplier to Ghana, accounting for a X% share of total imports. It was followed by the UK (X units), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X) constituted the largest supplier of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines to Ghana, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and the UK (X% per year).

Import Prices by Country

In 2022, the average import price for domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines amounted to $X per unit, remaining relatively unchanged against the previous year. Overall, the import price saw a abrupt slump. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average 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 the United Arab Emirates ($X per unit), while the price for the UK ($X 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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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