Report Update Jan 1, 2025

Ghana - Timers - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Timer Market 2025

Timer Market Size in Ghana

The Ghanian timer market declined to $X in 2022, dropping by -7.6% against the previous year. Over the period under review, consumption recorded a drastic downturn. Timer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Timer Production in Ghana

In value terms, timer production fell to $X in 2022 estimated in export price. In general, production saw a abrupt shrinkage. The growth pace was the most rapid in 2019 when the production volume increased by 36%. Timer production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Timer Exports

Exports from Ghana

In 2022, the amount of timers exported from Ghana stood at less than X units, almost unchanged from the previous year's figure. In general, exports faced a significant decline. The smallest decline of 99.9% was in 2018. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, timer exports rose to $X in 2022. Over the period under review, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 3,007% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X units) and Zimbabwe (X units) were the main destinations of timer exports from Ghana. Moreover, timer exports in South Africa exceeded the figures recorded by the second-largest exporter, Zimbabwe, twofold.

From 2014 to 2017, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Zimbabwe (with a CAGR of 0.0%).

In value terms, the largest markets for timer exported from Ghana were South Africa ($X) and Zimbabwe ($X).

In terms of the main countries of destination, Zimbabwe, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average timer export price stood at $X per unit in 2017, therefore, remained relatively stable against the previous year. In general, the export price showed a significant expansion. The pace of growth appeared the most rapid in 2015 a decrease of 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2017 and is expected to retain growth in the near future.

Average prices varied somewhat for the major external markets. In 2017, amid the top suppliers, the country with the highest price was Zimbabwe ($X per unit), while the average price for exports to South Africa amounted to $X per unit.

From 2014 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+58.9%).

Timer Imports

Imports into Ghana

In 2022, supplies from abroad of timers increased by 94% to X units, rising for the third year in a row after two years of decline. In general, imports, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 362% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, timer imports dropped dramatically to $X in 2022. Over the period under review, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 305% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main timer supplier to Ghana, accounting for a 92% share of total imports. It was followed by Germany (X units), with a 1.7% share of total imports. The third position in this ranking was taken by France (X units), with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +40.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-15.9% per year) and France (+25.2% per year).

In value terms, China ($X) constituted the largest supplier of timers to Ghana, comprising 52% of total imports. The second position in the ranking was held by the United States ($X), with an 18% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.7% per year) and France (+28.3% per year).

Import Prices by Country

In 2022, the average timer import price amounted to $X per unit, with a decrease of -66.8% against the previous year. Overall, the import price recorded a abrupt decrease. The growth pace was the most rapid in 2019 an increase of 143% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for timers in the world?

South Africa constituted the country with the largest volume of timer consumption, accounting for 25% of total volume. Moreover, timer consumption in South Africa exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by China, with a 7.3% share.

What are the largest producers of timers in the world?

China constituted the country with the largest volume of timer production, accounting for 46% of total volume. Moreover, timer production in China exceeded the figures recorded by the second-largest producer, France, fourfold. The United States ranked third in terms of total production with a 7.5% share.

What are the leading suppliers of timers to Ghana?

In value terms, the largest timer suppliers to Ghana were the United States, Germany and China, with a combined 78% share of total imports.

What are the leading importers of timers from Ghana?

In value terms, South Africa $383) remains the key foreign market for timer exports from Ghana.

What is the average export price for timers in Ghana?

The average timer export price stood at $4.7 per unit in 2021, shrinking by -2.5% against the previous year.

What is the average import price for timers in Ghana?

In 2021, the average timer import price amounted to $3.1 per unit, with a decrease of -3.9% against the previous year.

This report provides an in-depth analysis of the timer 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 26522810 - Time-registers and time-recorders

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