Ghana: Appliance Part Brush Market 2024

Appliance Part Brush Market Size in Ghana

The Ghanian appliance part brush market declined to $X in 2022, waning by -9.5% 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 saw a abrupt descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Appliance Part Brush Exports

Exports from Ghana

In 2022, approx. X units of brushes constituting parts of appliances were exported from Ghana; increasing by 47% on 2021 figures. In general, exports, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2014 when exports increased by 910% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, appliance part brush exports skyrocketed to $X in 2022. Overall, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 1,505% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Burkina Faso (X units) was the main destination for appliance part brush exports from Ghana, with a 94% share of total exports. Moreover, appliance part brush exports to Burkina Faso exceeded the volume sent to the second major destination, Cote d'Ivoire (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burkina Faso stood at +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+26.7% per year) and Mali (-19.3% per year).

In value terms, the largest markets for appliance part brush exported from Ghana were Burkina Faso ($X), Cote d'Ivoire ($X) and Mali ($X), together accounting for 100% of total exports.

Cote d'Ivoire, with a CAGR of +55.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average appliance part brush export price amounted to $X per unit, rising by 1.7% against the previous year. Overall, the export price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 59% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat 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 Cote d'Ivoire ($X per unit), while the average price for exports to Mali ($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 Cote d'Ivoire (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Appliance Part Brush Imports

Imports into Ghana

In 2022, after two years of growth, there was significant decline in supplies from abroad of brushes constituting parts of appliances, when their volume decreased by -6.7% to X units. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 57%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, appliance part brush imports fell to $X in 2022. In general, imports showed a slight downturn. The most prominent rate of growth was recorded in 2019 with an increase of 104%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of appliance part brush to Ghana, accounting for a 67% share of total imports. Moreover, appliance part brush imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was taken by Portugal (X units), with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.3% per year) and Portugal (+13.6% per year).

In value terms, the largest appliance part brush suppliers to Ghana were China ($X), Germany ($X) and France ($X), together comprising 67% of total imports. The UK, Italy, the United States, South Africa, Turkey, Norway, the United Arab Emirates, Hong Kong SAR, Sweden and Portugal lagged somewhat behind, together comprising a further 13%.

Norway, with a CAGR of +45.5%, recorded the highest growth rate of 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 appliance part brush import price stood at $X per unit in 2022, with a decrease of -7.1% against the previous year. Over the period under review, the import price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of 290% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 France ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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