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Report Ghana - Binoculars - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jul 1, 2025

Ghana - Binoculars - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Binocular Market 2025

Binocular Market Size in Ghana

In 2021, after two years of growth, there was significant decline in the Ghanian binocular market, when its value decreased by -86.5% to $X. In general, consumption, however, enjoyed a buoyant increase. As a result, consumption attained the peak level of $X, and then shrank sharply in the following year.

Binocular Exports

Exports from Ghana

Binocular exports from Ghana amounted to X units in 2019, flattening at 2018. Overall, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of 750% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2019, the growth of the exports failed to regain momentum.

In value terms, binocular exports totaled $X in 2019. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2013 with an increase of 1,569% against the previous year. As a result, the exports attained the peak of $X; afterwards, it flattened through to 2019.

Exports by Country

Ireland (X units) was the main destination for binocular exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to Ireland was relatively modest.

From 2012 to 2019, the average annual rate of growth in terms of value to Ireland was relatively modest.

Export Prices by Country

In 2019, the average binocular export price amounted to $X per unit, approximately reflecting the previous year. In general, the export price posted significant growth. The most prominent rate of growth was recorded in 2013 an increase of 80%. Over the period under review, the average export prices attained the peak figure in 2019 and is expected to retain growth in the immediate term.

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

From 2012 to 2019, the rate of growth in terms of prices for the United States amounted to -21.5% per year.

Binocular Imports

Imports into Ghana

In 2021, after two years of growth, there was significant decline in overseas purchases of binoculars, when their volume decreased by -86.5% to X units. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 2,375%. As a result, imports reached the peak of X units, and then reduced dramatically in the following year.

In value terms, binocular imports fell dramatically to $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 1,332%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest binocular supplier to Ghana, accounting for a 86% share of total imports. Moreover, binocular imports from the Netherlands exceeded the figures recorded by the second-largest supplier, South Africa (X units), more than tenfold. The third position in this ranking was held by Canada (X units), with a 1.7% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled +33.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+30.3% per year) and Canada (+45.4% per year).

In value terms, the Netherlands ($X), Canada ($X) and China ($X) were the largest binocular suppliers to Ghana, with a combined 88% share of total imports.

In terms of the main suppliers, Canada, with a CAGR of +48.2%, 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

The average binocular import price stood at $X per unit in 2021, growing by 5.2% against the previous year. Over the period under review, the import price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by 91%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per unit), while the price for South Africa ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of binocular consumption in 2021 were China, South Africa and the United States, together accounting for 46% of global consumption. These countries were followed by Russia, Japan, Pakistan, France, Germany, Spain, Indonesia, Italy, the Netherlands and Turkey, which together accounted for a further 24%.
China remains the largest binocular producing country worldwide, comprising approx. 75% of total volume. Moreover, binocular production in China exceeded the figures recorded by the second-largest producer, Russia, more than tenfold. Pakistan ranked third in terms of total production with a 2.6% share.
In value terms, the Netherlands constituted the largest supplier of binocular to Ghana, comprising 87% of total imports. The second position in the ranking was occupied by Switzerland, with a 3% share of total imports. It was followed by Hong Kong SAR, with a 1.3% share.
The average binocular export price stood at $2 per unit in 2019, therefore, remained relatively stable against the previous year.
In 2021, the average binocular import price amounted to $55 per unit, which is down by -21.5% against the previous year.

This report provides an in-depth analysis of the binocular market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 26702230 - Binoculars (including night vision binoculars)

Country coverage:

  • Ghana

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Ghana
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, By Product
    11. Average Per Capita Consumption, By Product
    12. Exports and Growth, By Product
    13. Export Prices and Growth, By Product
    14. Production Volume and Growth
    15. Exports and Growth
    16. Export Prices and Growth
    17. Market Size and Growth
    18. Per Capita Consumption
    19. Imports and Growth
    20. Import Prices
    21. Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country, 2012–2024
    29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country, 2012–2024

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