Report Update Nov 1, 2024

Ghana - Furnace Burners for Liquid Fuel - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in Ghana

The Ghanian liquid fuel furnace burner market contracted to $X in 2021, waning by -4.9% 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). Overall, consumption showed a slight setback. Liquid fuel furnace burner consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of Furnace Burners For Liquid Fuel

Exports from Ghana

After three years of growth, shipments abroad of furnace burners for liquid fuel decreased by -43.2% to X kg in 2021. Overall, exports showed a precipitous slump. The pace of growth was the most pronounced in 2020 when exports increased by 500%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, liquid fuel furnace burner exports fell markedly to $X in 2021. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 378% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Tanzania (X kg) was the main destination for liquid fuel furnace burner exports from Ghana, with a approx. 100% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of volume to Tanzania was relatively modest.

In value terms, Tanzania ($X) emerged as the key foreign market for furnace burners for liquid fuel exports from Ghana.

From 2013 to 2021, the average annual rate of growth in terms of value to Tanzania was relatively modest.

Export Prices by Country

The average liquid fuel furnace burner export price stood at $X per ton in 2021, with an increase of 25% against the previous year. Overall, the export price saw buoyant growth. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Tanzania.

From 2013 to 2021, the rate of growth in terms of prices for Cote d'Ivoire amounted to -20.4% per year.

Imports of Furnace Burners For Liquid Fuel

Imports into Ghana

Liquid fuel furnace burner imports into Ghana contracted to X tons in 2021, with a decrease of -11.6% compared with the year before. Over the period under review, imports recorded a mild reduction. The growth pace was the most rapid in 2017 when imports increased by 150% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, liquid fuel furnace burner imports reduced slightly to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 238%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Africa (X tons) constituted the largest liquid fuel furnace burner supplier to Ghana, accounting for a 50% share of total imports. Moreover, liquid fuel furnace burner imports from South Africa exceeded the figures recorded by the second-largest supplier, China (X kg), sixfold. India (X kg) ranked third in terms of total imports with a 7% share.

From 2012 to 2021, the average annual growth rate of volume from South Africa stood at +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.8% per year) and India (+12.0% per year).

In value terms, South Africa ($X) constituted the largest supplier of furnace burners for liquid fuel to Ghana, comprising 34% of total imports. The second position in the ranking was taken by France ($X), with a 12% share of total imports. It was followed by India, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Africa totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+23.5% per year) and India (+32.5% per year).

Import Prices by Country

The average liquid fuel furnace burner import price stood at $X per ton in 2021, picking up by 11% against the previous year. In general, the import price enjoyed measured growth. The pace of growth appeared the most rapid in 2018 an increase of 64% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for furnace burners for liquid fuel in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 48% of global consumption. Italy, Japan, Nigeria, Spain, Germany, Canada, South Korea and the UK lagged somewhat behind, together comprising a further 26%.

What are the largest producers of furnace burners for liquid fuel in the world?

The countries with the highest volumes of in 2021 were China, Italy and the United States, together comprising 55% of global production. India, Japan, Germany and South Korea lagged somewhat behind, together accounting for a further 23%.

What are the leading suppliers of furnace burners for liquid fuel to Ghana?

In value terms, China constituted the largest supplier of liquid fuel furnace burner to Ghana, comprising 46% of total imports. The second position in the ranking was occupied by Belgium, with a 13% share of total imports. It was followed by India, with a 7.4% share.

What is the average export price for furnace burners for liquid fuel in Ghana?

The average liquid fuel furnace burner export price stood at $1,798 per ton in 2021, stabilizing at the previous year.

What is the average import price for furnace burners for liquid fuel in Ghana?

The average liquid fuel furnace burner import price stood at $23,137 per ton in 2021, dropping by -2.4% against the previous year.

This report provides an in-depth analysis of the market for liquid fuel furnace burner 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 28211130 - Furnace burners for liquid fuel

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