Ghana: Electrical Signalling Apparatus Market 2025

Electrical Signalling Apparatus Market Size in Ghana

In 2022, the Ghanian electrical signalling apparatus market decreased by -14% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption saw a slight contraction. Electrical signalling apparatus consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Electrical Signalling Apparatus Exports

Exports from Ghana

In 2022, electrical signalling apparatus exports from Ghana dropped modestly to X units, stabilizing at the previous year's figure. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 2,278%. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, electrical signalling apparatus exports declined to $X in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 2,698%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Liberia (X units) was the main destination for electrical signalling apparatus exports from Ghana, accounting for a 57% share of total exports. Moreover, electrical signalling apparatus exports to Liberia exceeded the volume sent to the second major destination, Angola (X units), threefold. The third position in this ranking was held by the United States (X units), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to Liberia totaled +61.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+56.3% per year) and the United States (+18.4% per year).

In value terms, the United States ($X) remains the key foreign market for electrical apparatus for sound or visual signalling exports from Ghana, comprising 61% of total exports. The second position in the ranking was held by Angola ($X), with a 13% share of total exports. It was followed by Cote d'Ivoire, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +32.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+81.3% per year) and Cote d'Ivoire (+57.2% per year).

Export Prices by Country

The average electrical signalling apparatus export price stood at $X per unit in 2022, with a decrease of -9.7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 183% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the 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 the United States ($X per unit), while the average price for exports to Liberia ($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 (+49.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Signalling Apparatus Imports

Imports into Ghana

In 2022, purchases abroad of electrical apparatus for sound or visual signalling decreased by -26.2% to X units, falling for the fourth year in a row after two years of growth. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2015 when imports increased by 56% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical signalling apparatus imports dropped to $X in 2022. Overall, imports, however, enjoyed a mild increase. The pace of growth was the most pronounced in 2015 with an increase of 75% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units), China (X units) and the United States (X units) were the main suppliers of electrical signalling apparatus imports to Ghana, with a combined 62% share of total imports. Switzerland, Lebanon, Bulgaria, South Africa, France, Saudi Arabia, Turkey and India lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +44.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of electrical apparatus for sound or visual signalling to Ghana, comprising 35% of total imports. The second position in the ranking was taken by South Africa ($X), with a 13% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+2.3% per year) and China (+10.2% per year).

Import Prices by Country

The average electrical signalling apparatus import price stood at $X per unit in 2022, picking up by 22% against the previous year. Overall, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 65%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per unit), while the price for Saudi Arabia (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by British Virgin Islands (+32.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :