Ghana: Engine Generator Market 2024

Engine Generator Market Size in Ghana

In 2022, the Ghanian engine generator market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption showed a noticeable curtailment. Engine generator consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Engine Generator Exports

Exports from Ghana

After three years of decline, shipments abroad of generators for internal combustion engines increased by X% to X units in 2022. Over the period under review, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, engine generator exports skyrocketed to $X in 2022. In general, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X units) was the main destination for engine generator exports from Ghana, with a X% share of total exports. It was followed by Burkina Faso (X units), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (X% per year) and the United Arab Emirates (X% per year).

In value terms, Singapore ($X) remains the key foreign market for generators for internal combustion engines exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average engine generator export price stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price, however, saw a strong increase. The growth pace was the most rapid in 2019 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then reduced modestly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Burkina Faso ($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 Singapore (X%), while the prices for the other major destinations experienced a decline.

Engine Generator Imports

Imports into Ghana

After two years of growth, supplies from abroad of generators for internal combustion engines decreased by X% to X units in 2022. Over the period under review, imports showed a slight shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, engine generator imports contracted to $X in 2022. Overall, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Egypt (X units) constituted the largest engine generator supplier to Ghana, accounting for a X% share of total imports. Moreover, engine generator imports from Egypt exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. The third position in this ranking was taken by the United Arab Emirates (X units), with a X% share.

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

In value terms, Egypt ($X) constituted the largest supplier of generators for internal combustion engines to Ghana, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

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

Import Prices by Country

In 2022, the average engine generator import price amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the import price saw a perceptible shrinkage. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 Egypt ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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