Ghana: Radio Receiver Market 2024

Radio Receiver Market Size in Ghana

The Ghanian radio receiver market rose remarkably to $X in 2022, increasing by 7.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted prominent growth. Radio receiver consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Radio Receiver Exports

Exports from Ghana

Radio receiver exports from Ghana amounted to X units in 2022, with an increase of 3.3% against the year before. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 219%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, radio receiver exports amounted to $X in 2022. Overall, exports posted a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 163%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X units) was the main destination for radio receiver exports from Ghana, with a 69% share of total exports. Moreover, radio receiver exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Germany (X units), sixfold. Burkina Faso (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Cote d'Ivoire totaled +25.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+66.9% per year) and Burkina Faso (-4.0% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for radio receivers exports from Ghana, comprising 85% of total exports. The second position in the ranking was taken by Germany ($X), with a 7.4% share of total exports. It was followed by Burkina Faso, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cote d'Ivoire amounted to +26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+84.5% per year) and Burkina Faso (-7.8% per year).

Export Prices by Country

The average radio receiver export price stood at $X per unit in 2022, shrinking by -1.8% against the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, radio receiver export price increased by +84.4% against 2018 indices. The growth pace was the most rapid in 2019 when the average export price increased by 70%. The export price peaked at $X per unit in 2016; however, from 2017 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 Mali ($X per unit), while the average price for exports to the Netherlands ($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 Mali (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Receiver Imports

Imports into Ghana

In 2022, approx. X units of radio receivers were imported into Ghana; surging by 8% against the previous year's figure. Overall, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2019 when imports increased by 636%. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, radio receiver imports totaled $X in 2022. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 426% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of radio receiver to Ghana, accounting for a 92% share of total imports. It was followed by the United Arab Emirates (X units), with a 3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +8.0%.

In value terms, China ($X) constituted the largest supplier of radio receivers to Ghana, comprising 85% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 6.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +33.6%.

Import Prices by Country

In 2022, the average radio receiver import price amounted to $X per unit, remaining constant against the previous year. Over the period under review, the import price, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2015 an increase of 225% 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 lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.7%).

Source: IndexBox Platform

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