Ghana: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in Ghana

In 2022, after three years of growth, there was significant decline in the Ghanian market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA, when its value decreased by -8.7% to $X. Overall, consumption recorded a perceptible setback. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports from Ghana

In 2022, overseas shipments of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA decreased by 0% to X units, falling for the second year in a row after two years of growth. In general, exports recorded a deep setback. The pace of growth was the most pronounced in 2016 with an increase of 133% against the previous year. Over the period under review, the exports of hit record highs at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA surged to $X in 2022. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 816%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Zimbabwe (X units) and Benin (X units) were the main destinations of exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Ghana. Moreover, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA in Zimbabwe exceeded the figures recorded by the second-largest exporter, Benin, twofold.

From 2012 to 2022, the biggest increases were recorded for Zimbabwe (with a CAGR of 0.0%).

In value terms, Zimbabwe ($X) emerged as the key foreign market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA exports from Ghana, comprising 74% of total exports. The second position in the ranking was taken by Benin ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Zimbabwe was relatively modest.

Export Prices by Country

In 2022, the average export price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA amounted to $X per unit, with an increase of 35% against the previous year. Overall, the export price, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2017 an increase of 816%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($X per unit), while the average price for exports to Benin stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mali (+121.9%), while the prices for the other major destinations experienced a decline.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports into Ghana

After three years of growth, supplies from abroad of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA decreased by -9.8% to X units in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 59% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA dropped to $X in 2022. Over the period under review, imports saw a perceptible setback. The growth pace was the most rapid in 2015 when imports increased by 82%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest diesel or semi-diesel electric generating set of output over X kVA but under X kVA supplier to Ghana, accounting for a 69% share of total imports. Moreover, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA 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 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-2.9% per year) and India (-3.6% per year).

In value terms, China ($X) constituted the largest supplier of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Ghana, comprising 61% of total imports. The second position in the ranking was taken by India ($X), with a 6.7% share of total imports. It was followed by the Netherlands, with a 5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-4.1% per year) and the Netherlands (+1.3% per year).

Import Prices by Country

The average import price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA stood at $X per unit in 2022, growing by 2.5% against the previous year. Overall, the import price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2017 an increase of 83% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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 the UK ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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