Report Update Nov 1, 2024

Ghana - Parts of Boilers for Central Heating - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Boiler Parts Market 2024

Boiler Parts Market Size in Ghana

The Ghanian boiler parts market expanded modestly to $X in 2021, increasing by 4.7% against the previous year. Overall, consumption, however, showed a mild descent. Boiler parts consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Boiler Parts Production in Ghana

In value terms, boiler parts production reached $X in 2021 estimated in export price. In general, production, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2019 when the production volume increased by 54%. Boiler parts production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Boiler Parts Exports

Exports from Ghana

In 2021, overseas shipments of parts of boilers for central heating decreased by -20.4% to X kg, falling for the fourth consecutive year after three years of growth. In general, exports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 57% against the previous year. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, boiler parts exports shrank to $X in 2021. Overall, exports saw a abrupt setback. The growth pace was the most rapid in 2017 with an increase of 16% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X kg) was the main destination for boiler parts exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cote d'Ivoire amounted to -20.2%.

In value terms, Cote d'Ivoire ($X) also remains the key foreign market for parts of boilers for central heating exports from Ghana.

From 2012 to 2021, the average annual rate of growth in terms of value to Cote d'Ivoire amounted to -18.7%.

Export Prices by Country

In 2021, the average boiler parts export price amounted to $X per ton, increasing by 25% against the previous year. Overall, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, boiler parts export price increased by +139.0% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of 28% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2021, the rate of growth in terms of prices for Cote d'Ivoire amounted to +1.9% per year.

Boiler Parts Imports

Imports into Ghana

In 2021, the amount of parts of boilers for central heating imported into Ghana surged to X tons, rising by 122% on the year before. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2019 when imports increased by 606%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, boiler parts imports dropped to $X in 2021. Overall, imports recorded a prominent expansion. The growth pace was the most rapid in 2019 when imports increased by 661%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of boiler parts to Ghana, with a 73% share of total imports. Moreover, boiler parts imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. The third position in this ranking was taken by Italy (X tons), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +103.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-1.4% per year) and Italy (-1.1% per year).

In value terms, China ($X), the UK ($X) and India ($X) constituted the largest boiler parts suppliers to Ghana, together accounting for 52% of total imports.

Among the main suppliers, China, with a CAGR of +97.4%, 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

The average boiler parts import price stood at $X per ton in 2021, falling by -55.3% against the previous year. Overall, the import price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2014 when the average import price increased by 37%. The import price peaked at $X per ton in 2016; however, from 2017 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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+29.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for parts of boilers for central heating in the world?

The countries with the highest volumes of boiler parts consumption in 2020 were the United States, China and India, with a combined 49% share of global consumption. These countries were followed by Brazil, Japan, Indonesia, the UK, Germany, Nigeria, Mexico, France, the Netherlands and Iran, which together accounted for a further 25%.

What are the largest producers of parts of boilers for central heating in the world?

The countries with the highest volumes of boiler parts production in 2020 were the United States, China and India, together accounting for 51% of global production. Brazil, Japan, Indonesia, Nigeria, Mexico, France, Italy, Iran, Germany and Slovakia lagged somewhat behind, together comprising a further 23%.

What are the leading suppliers of parts of boilers for central heating to Ghana?

In value terms, Belgium constituted the largest supplier of boiler parts to Ghana, comprising 42% of total imports. The second position in the ranking was occupied by South Africa, with a 19% share of total imports. It was followed by the UK, with a 14% share.

What is the average export price for parts of boilers for central heating in Ghana?

In 2018, the average boiler parts export price amounted to $3,871 per ton, remaining constant against the previous year.

What is the average import price for parts of boilers for central heating in Ghana?

In 2020, the average boiler parts import price amounted to $28,383 per ton, surging by 446% against the previous year.

This report provides an in-depth analysis of the boiler parts 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 25211300 - Parts of boilers for central heating

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