Report Update Nov 1, 2024

Ghana - Electric Smoothing Irons - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Smoothing Iron Market 2024

Smoothing Iron Market Size in Ghana

In 2021, the Ghanian smoothing iron market increased by 10% to $X, rising for the third consecutive year after two years of decline. Overall, consumption showed buoyant growth. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in the immediate term.

Smoothing Iron Exports

Exports from Ghana

In 2021, smoothing iron exports from Ghana reduced dramatically to X units, with a decrease of -70.4% compared with the year before. Overall, exports showed a deep slump. The pace of growth was the most pronounced in 2014 with an increase of 528%. Over the period under review, the exports reached the peak figure at X units in 2020, and then declined notably in the following year.

In value terms, smoothing iron exports shrank rapidly to $X in 2021. Over the period under review, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 691%. Over the period under review, the exports attained the peak figure at $X in 2020, and then contracted significantly in the following year.

Exports by Country

Tanzania (X units), Togo (X units) and Cote d'Ivoire (X units) were the main destinations of smoothing iron exports from Ghana, with a combined 82% share of total exports. These countries were followed by Mozambique and Egypt, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +44.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Togo ($X), Cote d'Ivoire ($X) and Mozambique ($X) appeared to be the largest markets for smoothing iron exported from Ghana worldwide, together accounting for 98% of total exports. Tanzania and Egypt lagged somewhat behind, together comprising a further 1.5%.

Among the main countries of destination, Tanzania, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average smoothing iron export price stood at $X per unit in 2021, which is down by -51.3% against the previous year. Overall, the export price recorded a pronounced descent. The most prominent rate of growth was recorded in 2013 an increase of 35%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Tanzania ($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 Sierra Leone (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Smoothing Iron Imports

Imports into Ghana

In 2021, purchases abroad of electric smoothing irons increased by 27% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 284% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, smoothing iron imports contracted slightly to $X in 2021. Overall, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 137% against the previous year. As a result, imports reached the peak of $X, and then dropped slightly in the following year.

Imports by Country

In 2021, the United Arab Emirates (X units) was the main smoothing iron supplier to Ghana, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +33.2%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of electric smoothing irons to Ghana.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +22.8%.

Import Prices by Country

In 2021, the average smoothing iron import price amounted to $X per unit, with a decrease of -22.3% against the previous year. In general, the import price recorded a noticeable downturn. The growth pace was the most rapid in 2017 when the average import price increased by 40%. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to +7.5% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric smoothing irons in the world?

The countries with the highest volumes of in 2021 were China, the United States and Brazil, with a combined 41% share of global consumption.

What are the largest producers of electric smoothing irons in the world?

China remains the largest smoothing iron producing country worldwide, accounting for 64% of total volume. Moreover, smoothing iron production in China exceeded the figures recorded by the second-largest producer, the United States, ninefold. The third position in this ranking was occupied by Indonesia, with a 5.3% share.

What are the leading suppliers of electric smoothing irons to Ghana?

In value terms, China constituted the largest supplier of smoothing iron to Ghana, comprising 85% of total imports. The second position in the ranking was occupied by the United Arab Emirates, with an 8.5% share of total imports. It was followed by the UK, with a 1.9% share.

What are the leading importers of electric smoothing irons from Ghana?

In value terms, Benin remains the key foreign market for smoothing iron exports from Ghana, comprising 67% of total exports. The second position in the ranking was occupied by Burkina Faso, with a 28% share of total exports. It was followed by Cote d'Ivoire, with a 3.3% share.

What is the average export price for electric smoothing irons in Ghana?

The average smoothing iron export price stood at $12 per unit in 2021, declining by -21.2% against the previous year.

What is the average import price for electric smoothing irons in Ghana?

In 2021, the average smoothing iron import price amounted to $38 per unit, surging by 11% against the previous year.

This report provides an in-depth analysis of the smoothing iron 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 27512370 - Electric smoothing irons

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023