Ghana: Swivel Seat Market 2024

Swivel Seat Market Size in Ghana

The Ghanian swivel seat market reduced dramatically to $X in 2022, declining by -20.2% 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, however, enjoyed buoyant growth. Swivel seat consumption peaked at $X in 2021, and then dropped sharply in the following year.

Swivel Seat Exports

Exports from Ghana

In 2022, approx. X units of swivel seats with variable height adjustments were exported from Ghana; waning by -21.2% compared with 2021 figures. In general, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 900%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, swivel seat exports rose rapidly to $X in 2022. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,356% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria (X units) was the main destination for swivel seat exports from Ghana, accounting for a 65% share of total exports. Moreover, swivel seat exports to Nigeria exceeded the volume sent to the second major destination, Burkina Faso (X units), fourfold. The third position in this ranking was held by Cote d'Ivoire (X units), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nigeria totaled +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+23.1% per year) and Cote d'Ivoire (+14.9% per year).

In value terms, Nigeria ($X) remains the key foreign market for swivel seats with variable height adjustments exports from Ghana, comprising 74% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a 15% share of total exports. It was followed by Cote d'Ivoire, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value to Nigeria stood at +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+43.9% per year) and Cote d'Ivoire (+31.6% per year).

Export Prices by Country

The average swivel seat export price stood at $X per unit in 2022, rising by 38% against the previous year. Over the period under review, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2019 an increase of 88% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while the average price for exports to Angola ($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 South Africa (+40.9%), while the prices for the other major destinations experienced more modest paces of growth.

Swivel Seat Imports

Imports into Ghana

In 2022, approx. X units of swivel seats with variable height adjustments were imported into Ghana; waning by -17.7% compared with the previous year's figure. Over the period under review, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 155%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, swivel seat imports contracted markedly to $X in 2022. Overall, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 76%. As a result, imports attained the peak of $X, and then fell rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of swivel seat to Ghana, with a 86% share of total imports. It was followed by Sri Lanka (X units), with a 2.9% share of total imports. Malaysia (X units) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (0.0% per year) and Malaysia (-7.7% per year).

In value terms, China ($X) constituted the largest supplier of swivel seats with variable height adjustments to Ghana, comprising 78% of total imports. The second position in the ranking was held by Italy ($X), with a 1.4% share of total imports. It was followed by Malaysia, with a 1.1% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.4% per year) and Malaysia (-13.4% per year).

Import Prices by Country

The average swivel seat import price stood at $X per unit in 2022, reducing by -4.7% against the previous year. Over the period under review, the import price, however, recorded a measured expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 78%. The import price peaked at $X per unit in 2017; however, from 2018 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 France ($X per unit), while the price for Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+23.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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