Report Update Feb 1, 2025

Ghana - Semiconductor Light Emitting Diodes (LEDs) - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Semiconductor Led Market 2025

Semiconductor Led Market Size in Ghana

The Ghanian semiconductor LED market reduced remarkably to $X in 2021, waning by -49.7% 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). In general, consumption, however, showed a buoyant increase. Over the period under review, the market hit record highs at $X in 2020, and then reduced sharply in the following year.

Semiconductor Led Exports

Exports from Ghana

After three years of growth, overseas shipments of semiconductor light emitting diodes (LEDs) decreased by -95.1% to X units in 2021. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by 1,806%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, semiconductor LED exports fell rapidly to $X in 2021. Overall, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 1,349%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X units) was the main destination for semiconductor LED exports from Ghana, accounting for a 86% share of total exports. Moreover, semiconductor LED exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Togo (X units), more than tenfold. Burkina Faso (X units) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume to Cote d'Ivoire amounted to +105.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+34.8% per year) and Burkina Faso (-41.8% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for semiconductor light emitting diodes (LEDs) exports from Ghana, comprising 88% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with a 5.9% share of total exports. It was followed by Togo, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cote d'Ivoire stood at +82.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (0.0% per year) and Togo (+10.0% per year).

Export Prices by Country

The average semiconductor LED export price stood at $X per unit in 2021, surging by 135% against the previous year. In general, the export price enjoyed a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Zimbabwe ($X per unit), while the average price for exports to Burkina Faso ($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 Cote d'Ivoire (-11.4%), while the prices for the other major destinations experienced a decline.

Semiconductor Led Imports

Imports into Ghana

In 2021, the amount of semiconductor light emitting diodes (LEDs) imported into Ghana plummeted to X units, dropping by -50% against the previous year's figure. Overall, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 319% against the previous year. As a result, imports attained the peak of X units, and then shrank markedly in the following year.

In value terms, semiconductor LED imports fell notably to $X in 2021. In general, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 885%. Over the period under review, imports hit record highs at $X in 2020, and then reduced rapidly in the following year.

Imports by Country

In 2021, the United Arab Emirates (X units) was the main supplier of semiconductor LED to Ghana, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +173.2%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of semiconductor light emitting diodes (LEDs) to Ghana.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +110.2%.

Import Prices by Country

The average semiconductor LED import price stood at $X per unit in 2021, surging by 2.1% against the previous year. Over the period under review, the import price, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 204% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -20.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for semiconductor light emitting diodes (leds) in the world?

The country with the largest volume of semiconductor led consumption was China, accounting for 40% of total volume. Moreover, semiconductor led consumption in China exceeded the figures recorded by the second-largest consumer, Spain, fivefold. India ranked third in terms of total consumption with a 7.2% share.

What are the largest producers of semiconductor light emitting diodes (leds) in the world?

China remains the largest semiconductor led producing country worldwide, comprising approx. 48% of total volume. Moreover, semiconductor led production in China exceeded the figures recorded by the second-largest producer, Taiwan Chinese), fivefold. Japan ranked third in terms of total production with a 4.7% share.

What are the leading suppliers of semiconductor light emitting diodes (leds) to Ghana?

In value terms, China constituted the largest supplier of semiconductor led to Ghana, comprising 93% of total imports. The second position in the ranking was occupied by Italy, with a 1.3% share of total imports.

What are the leading importers of semiconductor light emitting diodes (leds) from Ghana?

In value terms, Burkina Faso remains the key foreign market for semiconductor led exports from Ghana, comprising 49% of total exports. The second position in the ranking was occupied by Togo, with a 15% share of total exports.

What is the average export price for semiconductor light emitting diodes (leds) in Ghana?

The average semiconductor led export price stood at $53 per thousand units in 2021, waning by -1.5% against the previous year.

What is the average import price for semiconductor light emitting diodes (leds) in Ghana?

The average semiconductor led import price stood at $0.1 per unit in 2021, increasing by 10% against the previous year.

This report provides an in-depth analysis of the semiconductor led 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 26112220 - Semiconductor light emitting diodes (LEDs)

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