Ghana: Market for Parts For Electric Filament Or Discharge Lamps 2024

Market Size for Parts For Electric Filament Or Discharge Lamps in Ghana

In 2022, after two years of growth, there was significant decline in the Ghanian electric filament lamp parts market, when its value decreased by -16.5% to $X. In general, consumption showed a slight descent. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Parts For Electric Filament Or Discharge Lamps

Exports from Ghana

In 2022, shipments abroad of parts for electric filament or discharge lamps decreased by 0% to X kg, falling for the second year in a row after two years of growth. In general, exports continue to indicate a sharp decline. The pace of growth appeared the most rapid in 2016 with an increase of 6,858%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, electric filament lamp parts exports expanded rapidly to $X in 2022. Overall, exports saw a precipitous contraction. The pace of growth was the most pronounced in 2016 with an increase of 3,497%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X kg) was the main destination for electric filament lamp parts exports from Ghana, accounting for a 69% share of total exports. Moreover, electric filament lamp parts exports to Burkina Faso exceeded the volume sent to the second major destination, the UK (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burkina Faso totaled -32.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+2.9% per year) and the Netherlands (0.0% per year).

In value terms, the UK ($X) remains the key foreign market for parts for electric filament or discharge lamps exports from Ghana, comprising 92% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a 6.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (-38.8% per year) and the Netherlands (-29.3% per year).

Export Prices by Country

In 2022, the average electric filament lamp parts export price amounted to $X per ton, increasing by 9.5% against the previous year. Over the period under review, the export price recorded buoyant growth. The pace of growth appeared the most rapid in 2015 an increase of 192% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Parts For Electric Filament Or Discharge Lamps

Imports into Ghana

In 2022, after two years of growth, there was significant decline in supplies from abroad of parts for electric filament or discharge lamps, when their volume decreased by -19.5% to X tons. In general, imports recorded a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of 606%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, electric filament lamp parts imports fell to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 482%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main electric filament lamp parts supplier to Ghana, with a 97% share of total imports. It was followed by the United Arab Emirates (X tons), with a 1.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-8.0% per year) and Turkey (-39.9% per year).

In value terms, China ($X) constituted the largest supplier of parts for electric filament or discharge lamps to Ghana, comprising 95% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 0.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +33.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-4.1% per year) and Turkey (-44.2% per year).

Import Prices by Country

The average electric filament lamp parts import price stood at $X per ton in 2022, picking up by 7.1% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric filament lamp parts import price decreased by -9.4% against 2020 indices. The growth pace was the most rapid in 2015 an increase of 62%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood 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 China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :