Ghana: Non-Combined Refrigerator-Freezer Market 2025

Non-Combined Refrigerator-Freezer Market Size in Ghana

The Ghanian non-combined refrigerator-freezer market rose sharply to $X in 2022, surging by 9.4% 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 showed a resilient increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Combined Refrigerator-Freezer Exports

Exports from Ghana

In 2022, shipments abroad of household refrigerators and freezers (not combined) was finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 261%. 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, non-combined refrigerator-freezer exports surged to $X in 2022. Overall, exports, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of 231% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X units) was the main destination for non-combined refrigerator-freezer exports from Ghana, accounting for a 42% share of total exports. Moreover, non-combined refrigerator-freezer exports to Burkina Faso exceeded the volume sent to the second major destination, Togo (X units), twofold. The third position in this ranking was taken by Cote d'Ivoire (X units), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burkina Faso amounted to -8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (-22.4% per year) and Cote d'Ivoire (-4.4% per year).

In value terms, Burkina Faso ($X) remains the key foreign market for household refrigerators and freezers (not combined) exports from Ghana, comprising 56% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 13% share of total exports. It was followed by Togo, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Burkina Faso totaled -8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-4.2% per year) and Togo (-28.3% per year).

Export Prices by Country

The average non-combined refrigerator-freezer export price stood at $X per unit in 2022, surging by 5% against the previous year. In general, the export price, however, saw a mild downturn. The growth pace was the most rapid in 2016 when the average export price increased by 21%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Niger ($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 Angola (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Combined Refrigerator-Freezer Imports

Imports into Ghana

For the seventh year in a row, Ghana recorded growth in supplies from abroad of household refrigerators and freezers (not combined), which increased by 10% to X units in 2022. Over the period under review, imports posted a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by 46%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, non-combined refrigerator-freezer imports expanded markedly to $X in 2022. Overall, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.6% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 53% against the previous year. As a result, imports reached 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 non-combined refrigerator-freezer supplier to Ghana, with a 86% share of total imports. Moreover, non-combined refrigerator-freezer imports from China exceeded the figures recorded by the second-largest supplier, Uganda (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +17.2%.

In value terms, China ($X) constituted the largest supplier of household refrigerators and freezers (not combined) to Ghana, comprising 75% of total imports. The second position in the ranking was taken by Uganda ($X), with an 8.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +9.7%.

Import Prices by Country

In 2022, the average non-combined refrigerator-freezer import price amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2016 when the average import price increased by 26%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Uganda ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+1.2%).

Source: IndexBox Platform

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