Report Update Nov 1, 2024

Ghana - Single Loudspeakers (In Enclosure) - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Loudspeaker Market 2024

Loudspeaker Market Size in Ghana

The Ghanian loudspeaker market declined modestly to $X in 2021, shrinking by -2.2% 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 enjoyed significant growth. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Loudspeaker Exports

Exports from Ghana

In 2021, shipments abroad of single loudspeakers (in enclosure) decreased by -76.4% to X units, falling for the second year in a row after two years of growth. Overall, exports faced a deep slump. The pace of growth was the most pronounced in 2019 when exports increased by 230% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, loudspeaker exports fell dramatically to $X in 2021. Over the period under review, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 280%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units) was the main destination for loudspeaker exports from Ghana, accounting for a 81% share of total exports. Moreover, loudspeaker exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Burkina Faso (X units), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cote d'Ivoire stood at +7.3%.

In value terms, Cote d'Ivoire ($X) remains the key foreign market for single loudspeakers (in enclosure) exports from Ghana, comprising 86% of total exports. The second position in the ranking was held by Mali ($X), with a 5.4% share of total exports. It was followed by Togo, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cote d'Ivoire totaled +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (-33.6% per year) and Togo (-29.3% per year).

Export Prices by Country

The average loudspeaker export price stood at $X per unit in 2021, with a decrease of -13.7% against the previous year. Overall, the export price continues to indicate a mild setback. The pace of growth was the most pronounced in 2017 an increase of 56% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Mali ($X per unit), while the average price for exports to Burkina Faso ($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 Togo (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Ghana

For the fifth consecutive year, Ghana recorded growth in purchases abroad of single loudspeakers (in enclosure), which increased by 5.3% to X units in 2021. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 789% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, loudspeaker imports reduced to $X in 2021. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 550% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2021, China (X units) was the main loudspeaker supplier to Ghana, with a approx. 97% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +24.2%.

In value terms, China ($X) constituted the largest supplier of single loudspeakers (in enclosure) to Ghana.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +21.4%.

Import Prices by Country

In 2021, the average loudspeaker import price amounted to $X per unit, declining by -16.8% against the previous year. In general, the import price showed a noticeable reduction. The growth pace was the most rapid in 2013 an increase of 85% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -2.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for single loudspeakers (in enclosure) in the world?

The countries with the highest volumes of loudspeaker consumption in 2020 were China, Germany and the United States, with a combined 44% share of global consumption. These countries were followed by France, Japan, India, South Korea, Brazil, Mexico, the Netherlands, Denmark, Indonesia and Hungary, which together accounted for a further 32%.

What are the largest producers of single loudspeakers (in enclosure) in the world?

China constituted the country with the largest volume of loudspeaker production, comprising approx. 70% of total volume. Moreover, loudspeaker production in China exceeded the figures recorded by the second-largest producer, Vietnam, sixfold. The third position in this ranking was occupied by India, with a 4.6% share.

What are the leading suppliers of single loudspeakers (in enclosure) to Ghana?

In value terms, China constituted the largest supplier of loudspeaker to Ghana, comprising 71% of total imports. The second position in the ranking was occupied by Italy, with a 6% share of total imports. It was followed by Hong Kong SAR, with a 2.9% share.

What are the leading importers of single loudspeakers (in enclosure) from Ghana?

In value terms, Cote d'Ivoire emerged as the key foreign market for loudspeaker exports from Ghana, comprising 77% of total exports. The second position in the ranking was occupied by Togo $536), with a 15% share of total exports.

What is the average export price for single loudspeakers (in enclosure) in Ghana?

The average loudspeaker export price stood at $16 per unit in 2020, waning by -18.9% against the previous year.

What is the average import price for single loudspeakers (in enclosure) in Ghana?

The average loudspeaker import price stood at $2.9 per unit in 2020, declining by -17.7% against the previous year.

This report provides an in-depth analysis of the loudspeaker 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 26404235 - Single loudspeakers mounted in their enclosures (including frames or cabinets mainly designed for mounting loudspeakers)

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023