Report Update Nov 1, 2024

Ghana - Non-Electric Furnaces and Ovens for the Roasting or Melting - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Ghana

The Ghanian non-electric roasting furnace market reached $X in 2022, with an increase of 4.2% against the previous year. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Non-Electric Roasting Furnace Production in Ghana

In value terms, non-electric roasting furnace production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 47% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Non-Electric Roasting Furnace Exports

Exports from Ghana

In value terms, non-electric roasting furnace exports dropped modestly to $X in 2022. Over the period under review, exports enjoyed pronounced growth. The pace of growth was the most pronounced in 2019 when exports increased by 301% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped slightly in the following year.

Exports by Country

In value terms, Cote d'Ivoire ($X) also remains the key foreign market for non-electric furnaces and ovens for the roasting or melting exports from Ghana.

From 2012 to 2022, the average annual rate of growth in terms of value to Cote d'Ivoire amounted to +20.5%.

Non-Electric Roasting Furnace Imports

Imports into Ghana

In 2022, overseas purchases of non-electric furnaces and ovens for the roasting or melting were finally on the rise to reach X units after two years of decline. Overall, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 83% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, non-electric roasting furnace imports skyrocketed to $X in 2022. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 330% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X units) constituted the largest supplier of non-electric roasting furnace to Ghana, with a 47% share of total imports. Moreover, non-electric roasting furnace imports from India exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. Germany (X units) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled +36.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+24.6% per year) and Germany (+7.2% per year).

In value terms, India ($X), South Africa ($X) and the United States ($X) appeared to be the largest non-electric roasting furnace suppliers to Ghana, together accounting for 90% of total imports.

In terms of the main suppliers, India, with a CAGR of +142.2%, recorded the highest rates of growth with regard to the value of imports, 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 roasting furnace import price amounted to $X per unit, picking up by 11% against the previous year. In general, the import price continues to indicate a significant increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 135%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+110.8%), 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 non-electric furnaces and ovens for the roasting or melting in the world?

The countries with the highest volumes of in 2021 were China, Indonesia and Turkey, with a combined 36% share of global consumption.

What are the largest producers of non-electric furnaces and ovens for the roasting or melting in the world?

The countries with the highest volumes of in 2021 were China, India and Italy, with a combined 40% share of global production. These countries were followed by the United States, Germany, Brazil, Russia, Mexico, Japan, Spain and Pakistan, which together accounted for a further 28%.

What are the leading suppliers of non-electric furnaces and ovens for the roasting or melting to Ghana?

In value terms, China constituted the largest supplier of non-electric roasting furnace to Ghana, comprising 33% of total imports. The second position in the ranking was occupied by Turkey, with a 14% share of total imports.

What are the leading importers of non-electric furnaces and ovens for the roasting or melting from Ghana?

In value terms, Cote d'Ivoire $769) remains the key foreign market for non-electric roasting furnace exports from Ghana.

What is the average export price for non-electric furnaces and ovens for the roasting or melting in Ghana?

The average non-electric roasting furnace export price stood at $769 per unit in 2020, increasing by 3.1% against the previous year.

What is the average import price for non-electric furnaces and ovens for the roasting or melting in Ghana?

In 2021, the average non-electric roasting furnace import price amounted to $3,042 per unit, increasing by 50% against the previous year.

This report provides an in-depth analysis of the non-electric roasting furnace market 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 28211230 - Non-electric furnaces and ovens for the roasting, melting or other heat-treatment of ores, pyrites or of metals

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