Ghana - Combined Refrigerators-Freezers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCombined Refrigerator-Freezer Price in Ghana - 2022
Contents:
- Combined Refrigerator-Freezer Price in Ghana (CIF) - 2022
- Combined Refrigerator-Freezer Price in Ghana (FOB) - 2022
- Combined Refrigerator-Freezer Imports in Ghana
- Combined Refrigerator-Freezer Exports in Ghana
Combined Refrigerator-Freezer Price in Ghana (CIF) - 2022
In 2022, the average combined refrigerator-freezer import price amounted to $108 per unit, waning by -9.9% against the previous year. Overall, the import price faced a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 25%. The import price peaked at $374 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($1,593 per unit), while the price for China ($96 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+15.5%), while the prices for the other major suppliers experienced a decline.
Combined Refrigerator-Freezer Price in Ghana (FOB) - 2022
In 2022, the average combined refrigerator-freezer export price amounted to $227 per unit, dropping by -32.8% against the previous year. Overall, the export price, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2013 an increase of 92%. The export price peaked at $378 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($532 per unit), while the average price for exports to South Africa ($40 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 Niger (+34.7%), while the prices for the other major destinations experienced more modest paces of growth.
Combined Refrigerator-Freezer Imports in Ghana
For the fourth year in a row, Ghana recorded growth in supplies from abroad of combined refrigerators-freezers, which increased by 15% to 290K units in 2022. In general, imports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 149% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, combined refrigerator-freezer imports expanded to $31M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.7% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 90%. As a result, imports reached the peak of $33M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Combined Refrigerator-Freezer in Ghana (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 13.7 | 29.0 | 25.6 | 26.2 | 24.1% |
Others | 3.4 | 3.5 | 4.5 | 5.1 | 14.5% |
Total | 17.1 | 32.5 | 30.1 | 31.3 | 22.3% |
Top Suppliers of Combined Refrigerator-Freezer to Ghana in 2022:
- China (272.6K units)
Combined Refrigerator-Freezer Exports in Ghana
Combined refrigerator-freezer exports from Ghana soared to 85 units in 2022, growing by 118% on the previous year's figure. In general, exports recorded prominent growth. Over the period under review, the exports attained the maximum at 126 units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
In value terms, combined refrigerator-freezer exports skyrocketed to $19K in 2022. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 76%. As a result, the exports attained the peak of $25K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Combined Refrigerator-Freezer in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cabo Verde | N/A | N/A | N/A | 10.8 | 0% |
Burkina Faso | 10.1 | 20.1 | 7.8 | 5.0 | -20.9% |
Sierra Leone | 1.9 | 2.3 | 2.0 | 1.1 | -16.7% |
Israel | 0.1 | 0.3 | 0.4 | 0.7 | 91.3% |
Niger | 0.8 | 1.0 | 0.9 | 0.5 | -14.5% |
Togo | 0.4 | 0.7 | 0.9 | 0.4 | 0.0% |
Nigeria | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
Gambia | 0.1 | N/A | N/A | N/A | 0% |
Others | 0.9 | 0.8 | 0.9 | 0.3 | -30.7% |
Total | 14.5 | 25.4 | 13.2 | 19.3 | 10.0% |
Top Export Markets for Combined Refrigerator-Freezer from Ghana in 2022:
- Cabo Verde (42.0 units)
- Burkina Faso (22.0 units)
- Sierra Leone (5.0 units)
- Israel (4.0 units)
- Togo (2.0 units)
- Nigeria (2.0 units)
- Niger (1.0 units)
This report provides an in-depth analysis of the combined refrigerator-freezer 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 27511110 - Combined refrigerators-freezers, with separate external doors
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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