Ghana: Electronic Chip Market 2024

Electronic Chip Market Size in Ghana

The Ghanian electronic chip market stood at $X in 2023, standing approx. at the previous year. Over the period under review, consumption, however, recorded a mild slump. Electronic chip consumption peaked at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Electronic Chip Production in Ghana

In value terms, electronic chip production reached $X in 2023 estimated in export price. In general, production, however, continues to indicate a mild slump. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

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Electronic Chip Exports

Exports from Ghana

In 2023, approx. X units of electronic chips were exported from Ghana; with an increase of X% compared with 2022 figures. Overall, exports, however, showed a dramatic curtailment. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, electronic chip exports skyrocketed to $X in 2023. In general, exports, however, faced a dramatic curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Burkina Faso (X units), the UK (X units) and the Netherlands (X units) were the main destinations of electronic chip exports from Ghana, together accounting for X% of total exports. Italy, China and Sweden lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electronic chip exported from Ghana were the UK ($X), the Netherlands ($X) and Italy ($X), with a combined X% share of total exports.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average electronic chip export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Chip Imports

Imports into Ghana

Electronic chip imports into Ghana dropped dramatically to X units in 2023, reducing by X% against the previous year. Over the period under review, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of X units. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, electronic chip imports reduced sharply to $X in 2023. In general, imports, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2023, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units), France (X units) and China (X units) were the main suppliers of electronic chip imports to Ghana, together accounting for X% of total imports. Austria, Denmark, South Africa, the UK, the United States, Germany, the Netherlands, Israel, Australia and Sweden lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Austria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electronic chip suppliers to Ghana were the United Arab Emirates ($X), France ($X) and Denmark ($X), with a combined X% share of total imports.

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

Import Prices by Country

In 2023, the average electronic chip import price amounted to $X per unit, approximately equating the previous year. In general, the import price, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, 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 more modest paces of growth.

Source: IndexBox Platform