Report Update Nov 1, 2024

Ghana - Personal Weighing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Personal Weighing Machine Market 2024

Personal Weighing Machine Market Size in Ghana

After four years of growth, the Ghanian personal weighing machine market decreased by -6.1% to $X in 2022. Overall, consumption, however, enjoyed significant growth. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Personal Weighing Machine Exports

Exports from Ghana

In 2022, overseas shipments of personal weighing machines were finally on the rise to reach X units after three years of decline. In general, exports, however, continue to indicate a noticeable reduction. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, personal weighing machine exports soared to $X in 2022. Overall, exports, however, continue to indicate a abrupt shrinkage. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units) was the main destination for personal weighing machine exports from Ghana, with a 64% share of total exports. Moreover, personal weighing machine exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Burkina Faso (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cote d'Ivoire totaled +38.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (-11.1% per year) and Niger (-60.6% per year).

In value terms, Burkina Faso ($X) remains the key foreign market for personal weighing machines exports from Ghana, comprising 81% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Burkina Faso totaled -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+44.6% per year) and Niger (-69.0% per year).

Export Prices by Country

The average personal weighing machine export price stood at $X per unit in 2022, with an increase of 4.1% against the previous year. In general, the export price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, 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 Burkina Faso (+8.4%), while the prices for the other major destinations experienced mixed trend patterns.

Personal Weighing Machine Imports

Imports into Ghana

After four years of growth, purchases abroad of personal weighing machines decreased by -14.1% to X units in 2022. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2019 when imports increased by 204%. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, personal weighing machine imports declined slightly to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2019 when imports increased by 141%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X units) constituted the largest personal weighing machine supplier to Ghana, with a 88% share of total imports. Moreover, personal weighing machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +25.8%.

In value terms, China ($X) constituted the largest supplier of personal weighing machines to Ghana, comprising 83% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +23.2%.

Import Prices by Country

The average personal weighing machine import price stood at $X per unit in 2022, growing by 13% against the previous year. In general, the import price, however, saw a mild setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 37%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for personal weighing machines in the world?

The countries with the highest volumes of in 2021 were South Africa, China and the United States, together accounting for 59% of global consumption. These countries were followed by India, Russia, Indonesia, Germany, Turkey, France, the UK, Japan and Brazil, which together accounted for a further 24%.

What are the largest producers of personal weighing machines in the world?

China remains the largest personal weighing machine producing country worldwide, comprising approx. 85% of total volume. Moreover, personal weighing machine production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. Indonesia ranked third in terms of total production with a 2.4% share.

What are the leading suppliers of personal weighing machines to Ghana?

In value terms, China constituted the largest supplier of personal weighing machine to Ghana, comprising 95% of total imports. The second position in the ranking was occupied by South Africa, with a 0.7% share of total imports.

What are the leading importers of personal weighing machines from Ghana?

In value terms, Burkina Faso remains the key foreign market for personal weighing machine exports from Ghana.

What is the average export price for personal weighing machines in Ghana?

The average personal weighing machine export price stood at $7.1 per unit in 2021, with an increase of 111% against the previous year.

What is the average import price for personal weighing machines in Ghana?

The average personal weighing machine import price stood at $9 per unit in 2021, rising by 11% against the previous year.

This report provides an in-depth analysis of the personal weighing machine 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 28293200 - Personal weighing machines, including baby scales, h ousehold scales

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