Ghana: Microphone Market 2024

Microphone Market Size in Ghana

In 2022, the Ghanian microphone market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, showed a relatively flat trend pattern. Microphone consumption peaked at $X in 2021, and then contracted notably in the following year.

Microphone Exports

Exports from Ghana

In 2022, microphone exports from Ghana skyrocketed to X units, rising by X% on 2021 figures. In general, total exports indicated modest growth from 2012 to 2022: its volume 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, exports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, microphone exports surged to $X in 2022. Over the period under review, exports, however, saw a deep downturn. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Burkina Faso (X units), Cote d'Ivoire (X units) and Uganda (X units) were the main destinations of microphone exports from Ghana, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Burkina Faso (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for microphone exported from Ghana were Burkina Faso ($X), Cote d'Ivoire ($X) and Kenya ($X), with a combined X% share of total exports. Nigeria, the UK, the Netherlands, South Africa, Tanzania, Liberia, the United States and Uganda lagged somewhat behind, together comprising a further X%.

The UK, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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 2022, the average microphone export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, saw a drastic downturn. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while the average price for exports to Uganda ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Microphone Imports

Imports into Ghana

In 2022, after two years of growth, there was significant decline in overseas purchases of microphones and their stands, when their volume decreased by X% to X units. Overall, imports recorded a abrupt contraction. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, microphone imports reduced markedly to $X in 2022. In general, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked at $X in 2021, and then dropped notably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest microphone supplier to Ghana, with a X% share of total imports. Moreover, microphone imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold. India (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of microphones and their stands to Ghana, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by India, with a X% share.

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 Netherlands (X% per year) and India (X% per year).

Import Prices by Country

The average microphone import price stood at $X per unit in 2022, approximately reflecting the previous year. Overall, the import price, however, saw a resilient expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then shrank 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 Netherlands ($X per unit), while the price for India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :