Ghana: Relay Market 2025

Relay Market Size in Ghana

In 2022, after three years of growth, there was significant decline in the Ghanian relay market, when its value decreased by -9.1% to $X. Over the period under review, consumption, however, saw a strong increase. Relay consumption peaked at $X in 2021, and then reduced in the following year.

Relay Exports

Exports from Ghana

Relay exports from Ghana contracted notably to X units in 2022, reducing by -27.7% against the previous year's figure. Overall, exports recorded a abrupt downturn. The growth pace was the most rapid in 2015 with an increase of 570% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, relay exports shrank to $X in 2022. In general, exports, however, posted a temperate expansion. The pace of growth was the most pronounced in 2015 with an increase of 1,382% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Tanzania (X units), New Zealand (X units) and Cote d'Ivoire (X units) were the main destinations of relay exports from Ghana, together accounting for 31% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of +71.1%), while the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X), France ($X) and New Zealand ($X) constituted the largest markets for relay exported from Ghana worldwide, together accounting for 49% of total exports.

Tanzania, with a CAGR of +105.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average relay export price amounted to $X per unit, rising by 21% against the previous year. In general, the export price continues to indicate a strong increase. The growth pace was the most rapid in 2015 an increase of 121% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Cote d'Ivoire ($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 France (+38.9%), while the prices for the other major destinations experienced more modest paces of growth.

Relay Imports

Imports into Ghana

In 2022, purchases abroad of relays decreased by -12.4% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 154%. Imports peaked at X units in 2021, and then declined in the following year.

In value terms, relay imports shrank modestly to $X in 2022. Over the period under review, total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.9% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by 89% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of relay to Ghana, with a 86% share of total imports. It was followed by Belgium (X units), with a 1.9% share of total imports. The third position in this ranking was held by the United Arab Emirates (X units), with a 0.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-5.3% per year) and the United Arab Emirates (-6.8% per year).

In value terms, China ($X) constituted the largest supplier of relays to Ghana, comprising 36% of total imports. The second position in the ranking was taken by the UK ($X), with a 2% share of total imports. It was followed by Belgium, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +40.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-12.9% per year) and Belgium (+0.6% per year).

Import Prices by Country

In 2022, the average relay import price amounted to $X per unit, picking up by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 an increase of 67% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for the United Arab Emirates ($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 (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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