Ghana: Telephonic Switching Apparatus Market 2024

Telephonic Switching Apparatus Market Size in Ghana

The Ghanian telephonic switching apparatus market skyrocketed to $X in 2022, growing by 21% 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). Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Telephonic Switching Apparatus Exports

Exports from Ghana

After two years of decline, overseas shipments of telephonic or telegraphic switching apparatus increased by 33% to X units in 2022. Overall, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 264%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, telephonic switching apparatus exports surged to $X in 2022. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 584%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for telephonic switching apparatus exports from Ghana, with a 33% share of total exports. Moreover, telephonic switching apparatus exports to the Netherlands exceeded the volume sent to the second major destination, Togo (X units), more than tenfold. Hungary (X units) ranked third in terms of total exports with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled +28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+9,060.0% per year) and Hungary (+104.2% per year).

In value terms, the Netherlands ($X) remains the key foreign market for telephonic or telegraphic switching apparatus exports from Ghana, comprising 68% of total exports. The second position in the ranking was taken by Togo ($X), with a 17% share of total exports. It was followed by Hungary, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +28.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+11,277.6% per year) and Hungary (+93.1% per year).

Export Prices by Country

In 2021, the average telephonic switching apparatus export price amounted to $X per unit, picking up by 15% against the previous year. Over the period under review, the export price recorded a moderate increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 88% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to the Netherlands ($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 (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Telephonic Switching Apparatus Imports

Imports into Ghana

In 2022, the amount of telephonic or telegraphic switching apparatus imported into Ghana skyrocketed to X units, jumping by 27% on the year before. Over the period under review, imports saw a noticeable increase. The pace of growth appeared the most rapid in 2014 when imports increased by 145%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, telephonic switching apparatus imports amounted to $X in 2022. Overall, imports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 88%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest telephonic switching apparatus supplier to Ghana, with a 26% share of total imports. Moreover, telephonic switching apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fourfold. Sweden (X units) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+34.6% per year) and Sweden (+9.2% per year).

In value terms, the largest telephonic switching apparatus suppliers to Ghana were China ($X), Sweden ($X) and the United Arab Emirates ($X), together comprising 60% of total imports.

The United Arab Emirates, with a CAGR of +46.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average telephonic switching apparatus import price amounted to $X per unit, increasing by 21% against the previous year. Overall, the import price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2015 when the average import price increased by 121%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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