Ghana: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in Ghana

The Ghanian non-electric bakery oven market soared to $X in 2022, growing by 154% 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 enjoyed resilient growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Electric Bakery Oven Exports

Exports from Ghana

In 2022, overseas shipments of non-electric bakery ovens increased by 14% to X units, rising for the sixth consecutive year after two years of decline. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 200%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, non-electric bakery oven exports rose to $X in 2022. In general, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 8,137%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Burkina Faso (X units), the UK (X units) and Liberia (X units) were the main destinations of non-electric bakery oven exports from Ghana, together comprising 95% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Burkina Faso (with a CAGR of +33.5%), while the other leaders experienced more modest paces of growth.

In value terms, Burkina Faso ($X), the UK ($X) and Liberia ($X) constituted the largest markets for non-electric bakery oven exported from Ghana worldwide, with a combined 98% share of total exports.

The UK, with a CAGR of +44.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average non-electric bakery oven export price stood at $X per unit in 2022, dropping by -10.2% against the previous year. Over the period under review, the export price saw a abrupt decrease. The growth pace was the most rapid in 2014 when the average export price increased by 2,765%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while the average price for exports to Cote d'Ivoire ($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 the UK (+8.2%), while the prices for the other major destinations experienced a decline.

Non-Electric Bakery Oven Imports

Imports into Ghana

In 2022, approx. X units of non-electric bakery ovens were imported into Ghana; with an increase of 183% against the previous year's figure. Over the period under review, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by 3,361% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, non-electric bakery oven imports soared to $X in 2022. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 3,165%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of non-electric bakery oven to Ghana, with a 53% share of total imports. Moreover, non-electric bakery oven imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X units), twofold. India (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +107.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+65.5% per year) and India (+5.2% per year).

In value terms, the largest non-electric bakery oven suppliers to Ghana were the Netherlands ($X), Italy ($X) and China ($X), together accounting for 74% of total imports.

The Netherlands, with a CAGR of +137.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-electric bakery oven import price amounted to $X per unit, which is down by -27.7% against the previous year. In general, the import price, however, saw a resilient increase. The growth pace was the most rapid in 2017 an increase of 128% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for France ($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 Netherlands (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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