Ghana: Market for Insulated electric conductors for a voltage over 1000 V 2024

Market Size for Insulated electric conductors for a voltage over 1000 V in Ghana

In 2022, the Ghanian market for insulated electric conductors for a voltage over X v increased by X% to $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption recorded a drastic downturn. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Insulated electric conductors for a voltage over 1000 V

Exports from Ghana

In 2022, the amount of insulated electric conductors for a voltage over X v exported from Ghana declined markedly to X kg, falling by X% against the year before. Over the period under review, exports saw a significant contraction. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of insulated electric conductors for a voltage over X v fell markedly to $X in 2022. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports of attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Angola (X kg) was the main destination for exports of insulated electric conductors for a voltage over X v from Ghana, with a X% share of total exports. Moreover, exports of insulated electric conductors for a voltage over X v to Angola exceeded the volume sent to the second major destination, Togo (X kg), twofold. Burkina Faso (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Angola amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (X% per year) and Burkina Faso (X% per year).

In value terms, Angola ($X) remains the key foreign market for insulated electric conductors for a voltage over X v exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Burkina Faso, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Angola stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

The average export price for insulated electric conductors for a voltage over X v stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price saw a remarkable increase. The pace of growth appeared the most rapid in 2015 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Insulated electric conductors for a voltage over 1000 V

Imports into Ghana

In 2022, the amount of insulated electric conductors for a voltage over X v imported into Ghana contracted to X tons, which is down by X% against the previous year. In general, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of insulated electric conductors for a voltage over X v rose slightly to $X in 2022. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Egypt (X tons) constituted the largest supplier of insulated electric conductors for a voltage over X v to Ghana, with a X% share of total imports. Moreover, imports of insulated electric conductors for a voltage over X v from Egypt exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), fivefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Egypt stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and India (X% per year).

In value terms, the largest insulated electric conductors for a voltage over X v suppliers to Ghana were Slovakia ($X), Egypt ($X) and India ($X), with a combined X% share of total imports. China, Greece, the United Arab Emirates, Saudi Arabia and Turkey lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average import price for insulated electric conductors for a voltage over X v stood at $X per ton in 2022, picking up by X% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for insulated electric conductors for a voltage over X v increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

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 India ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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