Ghana - Non-Household Ventilation Fans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Household Fan Price in Ghana - 2022
Contents:
- Non-Household Fan Price in Ghana (CIF) - 2022
- Non-Household Fan Price in Ghana (FOB) - 2022
- Non-Household Fan Imports in Ghana
- Non-Household Fan Exports in Ghana
Non-Household Fan Price in Ghana (CIF) - 2022
The average non-household fan import price stood at $30 per unit in 2022, picking up by 6.4% against the previous year. Overall, the import price, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 159% against the previous year. As a result, import price reached the peak level of $124 per unit. From 2017 to 2022, the average import prices remained 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 South Africa ($132 per unit), while the price for China ($14 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 (+3.7%), while the prices for the other major suppliers experienced a decline.
Non-Household Fan Price in Ghana (FOB) - 2022
The average non-household fan export price stood at $207 per unit in 2022, surging by 19% against the previous year. In general, the export price showed a buoyant increase. The growth pace was the most rapid in 2018 when the average export price increased by 196%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($898 per unit), while the average price for exports to Singapore ($36 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 the Netherlands (+30.9%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Household Fan Imports in Ghana
In 2022, overseas purchases of non-household ventilation fans decreased by -1.6% to 175K units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 105% against the previous year. Imports peaked at 178K units in 2021, and then reduced modestly in the following year.
In value terms, non-household fan imports expanded slightly to $5.3M in 2022. Over the period under review, imports showed a abrupt contraction. Imports peaked at $6.9M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Non-Household Fan in Ghana (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1.1 | 2.3 | 2.4 | 2.2 | 26.0% |
Germany | 0.1 | 0.2 | 0.1 | 0.4 | 58.7% |
Others | 5.7 | 3.0 | 2.5 | 2.7 | -22.0% |
Total | 6.9 | 5.5 | 5.0 | 5.3 | -8.4% |
Top Suppliers of Non-Household Fan to Ghana in 2022:
- China (161.4K units)
- Germany (3.9K units)
Non-Household Fan Exports in Ghana
In 2022, after three years of growth, there was significant decline in overseas shipments of non-household ventilation fans, when their volume decreased by -33.7% to 1.1K units. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 268% against the previous year. The exports peaked at 1.6K units in 2021, and then dropped rapidly in the following year.
In value terms, non-household fan exports shrank notably to $221K in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 299%. The exports peaked at $281K in 2021, and then contracted significantly in the following year.
Export of Non-Household Fan in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Togo | 17.2 | 84.2 | 165 | 114 | 87.8% |
Burkina Faso | 12.6 | 35.1 | 27.9 | 23.3 | 22.7% |
United States | 2.8 | 7.0 | 10.2 | 7.4 | 38.3% |
Cote d'Ivoire | 0.4 | 15.2 | 46.0 | 4.4 | 122.4% |
India | N/A | 0.1 | 0.3 | 4.2 | 548.1% |
Nigeria | 0.1 | 0.5 | 1.4 | 3.7 | 233.2% |
Mali | 0.2 | 0.8 | 1.9 | 2.9 | 143.8% |
Benin | 1.5 | 4.0 | 4.0 | 0.4 | -35.6% |
Others | 5.4 | 13.8 | 23.8 | 60.8 | 124.1% |
Total | 40.3 | 161 | 281 | 221 | 76.3% |
Top Export Markets for Non-Household Fan from Ghana in 2022:
- Togo (694.0 units)
- Burkina Faso (143.0 units)
- United States (47.0 units)
- India (24.0 units)
- Cote d'Ivoire (24.0 units)
- Nigeria (22.0 units)
- Mali (17.0 units)
- Benin (3.0 units)
This report provides an in-depth analysis of the non-household fan 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 28252030 - Axial fans (excluding table, floor, wall, window, ceiling or roof fans with a self-contained electric motor of an output . .125 W)
- Prodcom 28252050 - Centrifugal fans (excluding table, floor, wall, window, ceiling or roof fans with a self-contained electric motor of an output. .125 W)
- Prodcom 28252070 - Fans (excluding table, floor, wall, ceiling or roof fans with a self-contained electric motor of an output . .125 W, axial fans, c entrifugal fans)
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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