Ghana: Radar Apparatus Market 2022

Radar Apparatus Market Size in Ghana

The Ghanian radar apparatus market rose sharply to $X in 2021, growing by 6.8% against the previous year. In general, consumption, however, continues to indicate a noticeable downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Radar Apparatus Production in Ghana

In value terms, radar apparatus production rose to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2019 with an increase of 43% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Radar Apparatus Exports

Exports from Ghana

In 2021, approx. X kg of radar apparatus were exported from Ghana; with an increase of 64% compared with 2020 figures. Overall, exports, however, saw a precipitous descent. The most prominent rate of growth was recorded in 2016 with an increase of 3,167% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, radar apparatus exports soared to $X in 2021. Over the period under review, exports, however, showed a sharp curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 6,283% 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 radar apparatus exports from Ghana, accounting for a 53% share of total exports. Moreover, radar apparatus exports to Cote d'Ivoire exceeded the volume sent to the second major destination, the United States (X kg), threefold. The Netherlands (X kg) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to Cote d'Ivoire amounted to -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-50.2% per year) and the Netherlands (-35.0% per year).

In value terms, the largest markets for radar apparatus exported from Ghana were the United States ($X), Norway ($X) and Cote d'Ivoire ($X), with a combined 69% share of total exports. These countries were followed by the Netherlands, Singapore, Kenya and South Africa, which together accounted for a further 27%.

Singapore, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average radar apparatus export price amounted to $X per ton, declining by -13.7% against the previous year. Overall, the export price, however, continues to indicate a significant increase. The growth pace was the most rapid in 2013 when the average export price increased by 208%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then fell in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Norway ($X per ton), while the average price for exports to Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+39.4%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Ghana

In 2021, after two years of growth, there was significant decline in supplies from abroad of radar apparatus, when their volume decreased by -17.4% to X kg. Over the period under review, imports faced a precipitous descent. The growth pace was the most rapid in 2016 when imports increased by 227%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, radar apparatus imports fell markedly to $X in 2021. Overall, imports showed a significant contraction. The growth pace was the most rapid in 2016 with an increase of 146%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X kg), Spain (X kg) and the United States (X kg) were the main suppliers of radar apparatus imports to Ghana, together comprising 93% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +57.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) constituted the largest supplier of radar apparatus to Ghana, comprising 70% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Italy, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +30.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.3% per year) and Italy (-24.6% per year).

Import Prices by Country

The average radar apparatus import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a moderate increase. The growth pace was the most rapid in 2017 an increase of 59%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Greece ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+266.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :