Ghana: Non-Enclosed Loudspeakers Market 2025

Non-Enclosed Loudspeakers Market Size in Ghana

The Ghanian non-enclosed loudspeakers market soared to $X in 2021, rising by 67% 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 saw a resilient expansion. Non-enclosed loudspeakers consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Non-Enclosed Loudspeakers Exports

Exports from Ghana

In 2021, approx. X units of loudspeakers (not in enclosure) were exported from Ghana; declining by -16.3% compared with 2020. Over the period under review, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 1,789%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-enclosed loudspeakers exports contracted to $X in 2021. In general, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 1,982% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units) was the main destination for non-enclosed loudspeakers exports from Ghana, with a 79% share of total exports. Moreover, non-enclosed loudspeakers exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Burkina Faso (X units), tenfold. The third position in this ranking was taken by Mali (X units), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cote d'Ivoire amounted to +70.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (-9.1% per year) and Mali (+18.1% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for loudspeakers (not in enclosure) exports from Ghana, comprising 64% of total exports. The second position in the ranking was held by Mali ($X), with a 15% share of total exports. It was followed by Burkina Faso, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cote d'Ivoire totaled +63.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (+29.2% per year) and Burkina Faso (+10.6% per year).

Export Prices by Country

In 2021, the average non-enclosed loudspeakers export price amounted to $X per unit, picking up by 4.1% against the previous year. Overall, the export price saw a measured increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 491%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Mali ($X per unit), while the average price for exports to South Africa ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Enclosed Loudspeakers Imports

Imports into Ghana

In 2021, purchases abroad of loudspeakers (not in enclosure) increased by 51% to X units, rising for the second consecutive year after two years of decline. In general, imports showed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 247% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, non-enclosed loudspeakers imports skyrocketed to $X in 2021. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 216%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of non-enclosed loudspeakers to Ghana, with a 80% share of total imports. Moreover, non-enclosed loudspeakers imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), more than tenfold. The third position in this ranking was taken by Italy (X units), with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+11.7% per year) and Italy (+39.4% per year).

In value terms, China ($X) constituted the largest supplier of loudspeakers (not in enclosure) to Ghana, comprising 85% of total imports. The second position in the ranking was taken by Italy ($X), with a 1% share of total imports. It was followed by the UK, with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.7% per year) and the UK (-8.8% per year).

Import Prices by Country

The average non-enclosed loudspeakers import price stood at $X per unit in 2021, picking up by 21% against the previous year. Overall, the import price, however, continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2019 an increase of 50%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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