Report Update Jan 1, 2025

Ghana - Electric Water Heaters and Immersion Heaters - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Electric Water Heater Market 2025

Electric Water Heater Market Size in Ghana

After three years of growth, the Ghanian electric water heater market decreased by -8.9% to $X in 2022. In general, consumption, however, saw a resilient increase. Electric water heater consumption peaked at $X in 2021, and then fell in the following year.

Electric Water Heater Exports

Exports from Ghana

After two years of decline, shipments abroad of electric water heaters and immersion heaters increased by 27% to X units in 2022. Over the period under review, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 242% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electric water heater exports skyrocketed to $X in 2022. Overall, exports posted a remarkable increase. The pace of growth was the most pronounced in 2019 when exports increased by 584% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Gambia (X units), the Dominican Republic (X units) and Burkina Faso (X units) were the main destinations of electric water heater exports from Ghana, together comprising 88% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +34.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X) remains the key foreign market for electric water heaters and immersion heaters exports from Ghana, comprising 66% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a 12% share of total exports. It was followed by Cote d'Ivoire, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value to the Dominican Republic totaled +30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+19.6% per year) and Cote d'Ivoire (+58.2% per year).

Export Prices by Country

In 2022, the average electric water heater export price amounted to $X per unit, growing by 26% against the previous year. In general, the export price saw a mild expansion. The most prominent rate of growth was recorded in 2019 an increase of 100% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to South Africa ($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 (+41.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Water Heater Imports

Imports into Ghana

In 2022, after three years of growth, there was significant decline in supplies from abroad of electric water heaters and immersion heaters, when their volume decreased by -9.6% to X units. In general, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 196%. Over the period under review, imports hit record highs at X units in 2021, and then fell in the following year.

In value terms, electric water heater imports contracted to $X in 2022. Over the period under review, imports, however, showed prominent growth. The growth pace was the most rapid in 2013 when imports increased by 165%. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

China (X units), Italy (X units) and Canada (X units) were the main suppliers of electric water heater imports to Ghana, together comprising 87% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +83.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric water heater suppliers to Ghana were Italy ($X), Canada ($X) and China ($X), with a combined 87% share of total imports.

Canada, with a CAGR of +79.7%, recorded 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 2022, the average electric water heater import price amounted to $X per unit, approximately equating the previous year. Over the period under review, the import price, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2016 when the average import price increased by 46%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Italy ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric water heaters and immersion heaters in the world?

The countries with the highest volumes of in 2021 were China, South Africa and India, together comprising 85% of global consumption.

What are the largest producers of electric water heaters and immersion heaters in the world?

China remains the largest electric water heater producing country worldwide, comprising approx. 78% of total volume. Moreover, electric water heater production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. Brazil ranked third in terms of total production with a 1.8% share.

What are the leading suppliers of electric water heaters and immersion heaters to Ghana?

In value terms, Italy, China and Egypt appeared to be the largest electric water heater suppliers to Ghana, with a combined 86% share of total imports. The Netherlands, the United Arab Emirates, India, Lebanon, the Czech Republic and Saudi Arabia lagged somewhat behind, together accounting for a further 5.1%.

What are the leading importers of electric water heaters and immersion heaters from Ghana?

In value terms, the Dominican Republic $858) remains the key foreign market for electric water heater exports from Ghana, comprising 72% of total exports. The second position in the ranking was occupied by Burkina Faso $201), with a 17% share of total exports.

What is the average export price for electric water heaters and immersion heaters in Ghana?

The average electric water heater export price stood at $246 per unit in 2021, shrinking by -2.3% against the previous year.

What is the average import price for electric water heaters and immersion heaters in Ghana?

The average electric water heater import price stood at $62 per unit in 2021, falling by -23% against the previous year.

This report provides an in-depth analysis of the electric water heater 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 27512530 - Electric instantaneous water heaters
Prodcom 27512550 -
Prodcom 27512570 -
Prodcom 27512560 - Electric water heaters and immersion heaters (excluding instantaneous water heaters)

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 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 Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
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 Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
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 Of Destination, 2012–2024