Report Update Feb 1, 2025

Ghana - Radio Receivers for Motor Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Vehicle Radio Market 2025

Vehicle Radio Market Size in Ghana

The Ghanian vehicle radio market was finally on the rise to reach $X in 2022, after four years of decline. Over the period under review, consumption, however, continues to indicate a abrupt decline. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Vehicle Radio Exports

Exports from Ghana

In 2022, after four years of decline, there was significant growth in overseas shipments of radio receivers for motor vehicles, when their volume increased by 25% to X units. In general, exports, however, showed a dramatic decrease. The most prominent rate of growth was recorded in 2017 with an increase of 1,463%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, vehicle radio exports soared to $X in 2022. Over the period under review, exports, however, recorded a precipitous decline. The most prominent rate of growth was recorded in 2017 with an increase of 2,027%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Burkina Faso (X units) was the main destination for vehicle radio exports from Ghana, accounting for a 80% share of total exports. Moreover, vehicle radio exports to Burkina Faso exceeded the volume sent to the second major destination, Mali (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Burkina Faso amounted to +2.9%.

In value terms, Burkina Faso ($X) remains the key foreign market for radio receivers for motor vehicles exports from Ghana, comprising 98% of total exports. The second position in the ranking was held by Mali ($X), with a 1.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Burkina Faso stood at +14.2%.

Export Prices by Country

In 2022, the average vehicle radio export price amounted to $X per unit, with an increase of 35% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of 71% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while the average price for exports to Mali stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+10.9%), while the prices for the other major destinations experienced a decline.

Vehicle Radio Imports

Imports into Ghana

After four years of decline, purchases abroad of radio receivers for motor vehicles increased by 37% to X units in 2022. Overall, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2017 when imports increased by 401% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, vehicle radio imports soared to $X in 2022. In general, imports, however, saw a deep setback. The growth pace was the most rapid in 2017 with an increase of 419% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Lebanon (X units) constituted the largest vehicle radio supplier to Ghana, accounting for a 68% share of total imports. Moreover, vehicle radio imports from Lebanon exceeded the figures recorded by the second-largest supplier, South Africa (X units), more than tenfold. The third position in this ranking was held by Singapore (X units), with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume from Lebanon totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+12.0% per year) and Singapore (-18.4% per year).

In value terms, Lebanon ($X) constituted the largest supplier of radio receivers for motor vehicles to Ghana, comprising 61% of total imports. The second position in the ranking was held by the UK ($X), with an 11% share of total imports. It was followed by Singapore, with a 7% share.

From 2012 to 2022, the average annual growth rate of value from Lebanon amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+0.0% per year) and Singapore (-8.6% per year).

Import Prices by Country

In 2022, the average vehicle radio import price amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 14% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for radio receivers for motor vehicles in the world?

Thailand remains the largest vehicle radio consuming country worldwide, comprising approx. 25% of total volume. Moreover, vehicle radio consumption in Thailand exceeded the figures recorded by the second-largest consumer, Hong Kong SAR, threefold. The third position in this ranking was occupied by South Africa, with an 8.9% share.

What are the largest producers of radio receivers for motor vehicles in the world?

The country with the largest volume of vehicle radio production was Thailand, comprising approx. 37% of total volume. Moreover, vehicle radio production in Thailand exceeded the figures recorded by the second-largest producer, China, threefold. The third position in this ranking was occupied by Hong Kong SAR, with a 12% share.

What are the leading suppliers of radio receivers for motor vehicles to Ghana?

In value terms, Lebanon, Italy and India appeared to be the largest vehicle radio suppliers to Ghana, together comprising 73% of total imports.

What are the leading importers of radio receivers for motor vehicles from Ghana?

In value terms, Burkina Faso remains the key foreign market for vehicle radio exports from Ghana.

What is the average export price for radio receivers for motor vehicles in Ghana?

The average vehicle radio export price stood at $192 per unit in 2021, picking up by 6.6% against the previous year.

What is the average import price for radio receivers for motor vehicles in Ghana?

The average vehicle radio import price stood at $67 per unit in 2021, waning by -16.9% against the previous year.

This report provides an in-depth analysis of the vehicle radio 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 26401290 - Radio receivers for motor vehicles, n.e.c.

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024