Ghana: Market for Printers, Copying Machines And Facsimile Machines 2024

Market Size for Printers, Copying Machines And Facsimile Machines in Ghana

In 2021, the Ghanian printers and copying machines market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Exports of Printers, Copying Machines And Facsimile Machines

Exports from Ghana

In 2021, shipments abroad of printers, copying machines and facsimile machines decreased by -68.2% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports faced a abrupt descent. The growth pace was the most rapid in 2017 when exports increased by 194%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, printers and copying machines exports shrank remarkably to $X in 2021. Overall, exports faced a deep slump. The growth pace was the most rapid in 2017 when exports increased by 258%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X units), Burkina Faso (X units) and the United States (X units) were the main destinations of printers and copying machines exports from Ghana, with a combined 61% share of total exports.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +5.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for printers, copying machines and facsimile machines exports from Ghana, comprising 55% of total exports. The second position in the ranking was held by South Africa ($X), with a 14% share of total exports. It was followed by Belgium, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled +67.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+74.2% per year) and Belgium (+7.5% per year).

Export Prices by Country

In 2021, the average printers and copying machines export price amounted to $X per unit, with a decrease of -2.7% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, printers and copying machines export price decreased by -2.8% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 88%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Printers, Copying Machines And Facsimile Machines

Imports into Ghana

After two years of decline, overseas purchases of printers, copying machines and facsimile machines increased by 6% to X units in 2021. Over the period under review, imports, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2014 when imports increased by 34%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, printers and copying machines imports reached $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 41% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units), China (X units) and Germany (X units) were the main suppliers of printers and copying machines imports to Ghana, with a combined 61% share of total imports. These countries were followed by the UK, the Netherlands, Denmark, Vietnam, Belgium, Japan and the United States, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +43.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of printers, copying machines and facsimile machines to Ghana, comprising 40% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 15% share of total imports. It was followed by Denmark, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +29.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+5.1% per year) and Denmark (+59.6% per year).

Import Prices by Country

The average printers and copying machines import price stood at $X per unit in 2021, rising by 6.2% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, printers and copying machines import price increased by +100.8% against 2014 indices. The most prominent rate of growth was recorded in 2016 an increase of 32%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Denmark ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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