Ghana: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Ghana

The Ghanian geometrical quantities electronic measurer market declined to $X in 2022, which is down by -3.8% 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, however, enjoyed prominent growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Ghana

In 2022, after two years of growth, there was significant decline in shipments abroad of electronic instruments and machines for measuring geometrical quantities, when their volume decreased by -13% to X units. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 605%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, geometrical quantities electronic measurer exports shrank to $X in 2022. Over the period under review, exports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 901%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units), Cote d'Ivoire (X units) and Burkina Faso (X units) were the main destinations of geometrical quantities electronic measurer exports from Ghana, together accounting for 50% of total exports.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of +22.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and Norway ($X) constituted the largest markets for geometrical quantities electronic measurer exported from Ghana worldwide, with a combined 38% share of total exports. The UK, China, Cote d'Ivoire, Spain, Israel, Nigeria, Angola, Burkina Faso and Italy lagged somewhat behind, together accounting for a further 27%.

Among the main countries of destination, Burkina Faso, with a CAGR of +13.4%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average geometrical quantities electronic measurer export price amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2014 when the average export price increased by 137% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the average price for exports to Burkina Faso ($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 Spain (+33.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Ghana

In 2022, the amount of electronic instruments and machines for measuring geometrical quantities imported into Ghana shrank to X units, waning by -14.9% compared with 2021 figures. In general, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 220%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, geometrical quantities electronic measurer imports expanded rapidly to $X in 2022. Over the period under review, imports, however, posted tangible growth. The most prominent rate of growth was recorded in 2020 when imports increased by 168% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of geometrical quantities electronic measurer to Ghana, with a 75% share of total imports. Moreover, geometrical quantities electronic measurer 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 the United Arab Emirates (X units), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +39.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.3% per year) and the United Arab Emirates (-7.5% per year).

In value terms, the largest geometrical quantities electronic measurer suppliers to Ghana were China ($X), Australia ($X) and Germany ($X), together comprising 62% of total imports.

In terms of the main suppliers, China, with a CAGR of +40.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average geometrical quantities electronic measurer import price stood at $X per unit in 2022, growing by 25% against the previous year. Overall, the import price, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2015 an increase of 61%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per unit), while the price for China ($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 United States (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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