Ghana: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Ghana

The Ghanian market for spray guns and similar appliances reduced sharply to $X in 2022, with a decrease of -27.6% 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, however, continues to indicate a prominent expansion. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Exports of Spray Guns And Similar Appliances

Exports from Ghana

In 2022, the amount of spray guns and similar appliances exported from Ghana reduced to X units, waning by -7.5% compared with the year before. Overall, exports recorded a deep downturn. The growth pace was the most rapid in 2015 when exports increased by 1,155% against the previous year. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, spray guns and similar appliances exports declined to $X in 2022. In general, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2015 when exports increased by 437% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X units) was the main destination for spray guns and similar appliances exports from Ghana, accounting for a 91% share of total exports. Moreover, spray guns and similar appliances exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Bulgaria (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cote d'Ivoire amounted to +46.4%.

In value terms, Cote d'Ivoire ($X) and Bulgaria ($X) appeared to be the largest markets for spray guns and similar appliances exported from Ghana worldwide.

Cote d'Ivoire, with a CAGR of +47.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average export price for spray guns and similar appliances amounted to $X per unit, shrinking by -3.5% against the previous year. In general, the export price, however, posted a noticeable expansion. The pace of growth was the most pronounced in 2016 an increase of 145%. The export price peaked at $X per unit in 2021, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Cote d'Ivoire totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+0.6%).

Imports of Spray Guns And Similar Appliances

Imports into Ghana

In 2022, the amount of spray guns and similar appliances imported into Ghana declined significantly to X units, which is down by -36.1% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 63% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, spray guns and similar appliances imports contracted notably to $X in 2022. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 86%. As a result, imports reached the peak of $X, and then contracted significantly in the following year.

Imports by Country

China (X units), the United Arab Emirates (X units) and Cote d'Ivoire (X units) were the main suppliers of spray guns and similar appliances imports to Ghana, together accounting for 88% of total imports. Lebanon, Turkey, South Africa and India lagged somewhat behind, together accounting for a further 6.1%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +36.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of spray guns and similar appliances to Ghana, comprising 55% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 13% share of total imports. It was followed by the United Arab Emirates, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+26.7% per year) and the United Arab Emirates (+26.3% per year).

Import Prices by Country

In 2022, the average import price for spray guns and similar appliances amounted to $X per unit, picking up by 20% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spray guns and similar appliances import price increased by +112.2% against 2018 indices. The growth pace was the most rapid in 2021 an increase of 54% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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