Ghana: Radiator Market 2022

Radiator Market Size in Ghana

The Ghanian radiator market surged to $X in 2021, rising 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). In general, consumption, however, recorded a abrupt shrinkage. Radiator consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Radiator Exports

Exports from Ghana

In 2021, radiator exports from Ghana contracted rapidly to X tons, shrinking by -X% compared with the year before. Overall, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, radiator exports fell to $X in 2021. In general, exports showed a slight slump. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for radiator exports from Ghana, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Burkina Faso totaled +X%.

In value terms, Burkina Faso ($X) also remains the key foreign market for radiator exports from Ghana.

From 2012 to 2021, the average annual growth rate of value to Burkina Faso totaled +X%.

Export Prices by Country

In 2021, the average radiator export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price posted mild growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Burkina Faso.

From 2012 to 2021, the rate of growth in terms of prices for Burkina Faso amounted to -X% per year.

Radiator Imports

Imports into Ghana

In 2021, approx. X tons of radiators for central heating (not electrically heated) were imported into Ghana; picking up by X% on 2020. Over the period under review, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, radiator imports rose remarkably to $X in 2021. In general, imports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), India (X tons) and Lebanon (X tons) were the main suppliers of radiator imports to Ghana, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Lebanon ($X) constituted the largest supplier of radiator to Ghana, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by India, with an X% share.

From 2012 to 2021, the average annual growth rate of value from Lebanon amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and India (+X% per year).

Import Prices by Country

The average radiator import price stood at $X per ton in 2021, dropping by -X% against the previous year. Overall, the import price, however, posted noticeable growth. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Lebanon ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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