Ghana: Gas Supply Meter Market 2025

Gas Supply Meter Market Size in Ghana

The Ghanian gas supply meter market plummeted to $X in 2021, reducing by -16.9% against the previous year. Over the period under review, consumption, however, recorded a strong expansion. Gas supply meter consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Gas Supply Meter Production in Ghana

In value terms, gas supply meter production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 162% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then shrank in the following year.

Gas Supply Meter Exports

Exports from Ghana

In 2021, overseas shipments of gas supply or production meters increased by 933% to X units, rising for the fifth consecutive year after two years of decline. In general, exports continue to indicate a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gas supply meter exports reached $X in 2021. Overall, exports showed a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 780% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

South Africa (X units) was the main destination for gas supply meter exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to South Africa stood at +12.2%.

In value terms, South Africa ($X) also remains the key foreign market for gas supply or production meters exports from Ghana.

From 2012 to 2021, the average annual growth rate of value to South Africa amounted to +16.5%.

Export Prices by Country

In 2021, the average gas supply meter export price amounted to $X per unit, shrinking by -89.9% against the previous year. In general, the export price, however, recorded a temperate expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 352%. As a result, the export price reached the peak level of $X per unit, and then fell markedly in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to +3.7% per year.

Gas Supply Meter Imports

Imports into Ghana

In 2021, overseas purchases of gas supply or production meters decreased by -95.1% to X units, falling for the second year in a row after two years of growth. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 814% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, gas supply meter imports dropped dramatically to $X in 2021. Overall, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2016 when imports increased by 539% against the previous year. Imports peaked at $X in 2020, and then declined dramatically in the following year.

Imports by Country

China (X units), Germany (X units) and Greece (X units) were the main suppliers of gas supply meter imports to Ghana, with a combined 84% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +54.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gas supply meter suppliers to Ghana were Germany ($X), the United States ($X) and China ($X), together accounting for 61% of total imports.

Germany, with a CAGR of +46.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average gas supply meter import price stood at $X per unit in 2021, picking up by 29% against the previous year. In general, the import price posted prominent growth. The pace of growth appeared the most rapid in 2020 an increase of 516%. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+19.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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