Ghana: Market for Electrical Boards, Panels, Consoles, Desks and Cabinets 2024

Market Size for Electrical Boards, Panels, Consoles, Desks and Cabinets in Ghana

In 2021, the Ghanian market for electrical boards, panels, consoles, desks and cabinets increased by 14% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, showed a deep downturn. Electric board, desk and panel consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Exports from Ghana

After two years of decline, shipments abroad of electrical boards, panels, consoles, desks and cabinets increased by 343% to X units in 2021. Over the period under review, exports recorded strong growth. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, electric board, desk and panel exports soared to $X in 2021. In general, exports saw a tangible increase. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Burkina Faso (X units), Gambia (X units) and the UK (X units) were the main destinations of electric board, desk and panel exports from Ghana, together comprising 64% of total exports.

From 2012 to 2021, 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 +32.2%), while the other leaders experienced more modest paces of growth.

In value terms, Burkina Faso ($X) remains the key foreign market for electrical boards, panels, consoles, desks and cabinets exports from Ghana, comprising 40% of total exports. The second position in the ranking was taken by Gambia ($X), with a 10% share of total exports. It was followed by Sweden, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Burkina Faso stood at +46.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gambia (0.0% per year) and Sweden (0.0% per year).

Export Prices by Country

The average export price for electrical boards, panels, consoles, desks and cabinets stood at $X per unit in 2021, picking up by 18% against the previous year. In general, the export price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 71%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Imports into Ghana

In 2021, supplies from abroad of electrical boards, panels, consoles, desks and cabinets increased by 27% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 477% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, electric board, desk and panel imports amounted to $X in 2021. In general, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 214%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Spain (X units) and Turkey (X units) were the main suppliers of electric board, desk and panel imports to Ghana, with a combined 68% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +79.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and Turkey ($X) constituted the largest electric board, desk and panel suppliers to Ghana, together accounting for 61% of total imports.

Spain, with a CAGR of +82.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for electrical boards, panels, consoles, desks and cabinets amounted to $X per unit, dropping by -16.9% against the previous year. In general, the import price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2018 an increase of 62% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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