Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ghana - 2023
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ghana (CIF) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ghana (FOB) - 2022
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ghana
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ghana
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ghana (CIF) - 2022
In 2022, the average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $10 per thousand units, picking up by 21% against the previous year. Overall, the import price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 58% against the previous year. As a result, import price reached the peak level of $21 per thousand units. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($47 per thousand units), while the price for the United Arab Emirates ($1.9 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ghana (FOB) - 2022
The average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $43 per thousand units in 2022, with an increase of 17% against the previous year. Overall, the export price, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2018 an increase of 1,811% against the previous year. Over the period under review, the average export prices reached the maximum at $87 per thousand units in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
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 Belgium ($108 per thousand units), while the average price for exports to Sierra Leone ($2 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Togo (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ghana
After two years of decline, overseas purchases of electrical circuit prefabricated elements, connectors, contact elements and other equipment decreased by -44.2% to 738M units in 2022. In general, imports, however, recorded a strong increase. Imports peaked at 1.3B units in 2021, and then declined dramatically in the following year.
In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment fell rapidly to $7.6M in 2022. Overall, imports saw a pronounced setback. Over the period under review, imports of hit record highs at $11M in 2021, and then declined significantly in the following year.
| Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,171 | N/A | 3,841 | 1,979 | 19.1% |
| United Kingdom | 632 | N/A | 541 | 614 | -1.0% |
| India | 212 | N/A | 845 | 518 | 34.7% |
| South Africa | 917 | N/A | 553 | 327 | -29.1% |
| United Arab Emirates | 91.4 | N/A | 304 | 243 | 38.5% |
| Turkey | 64.7 | N/A | 220 | 207 | 47.4% |
| Hong Kong SAR | 309 | N/A | 290 | 184 | -15.9% |
| Others | 5,210 | N/A | 4,659 | 3,517 | -12.3% |
| Total | 8,607 | N/A | 11,253 | 7,589 | -4.1% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Ghana in 2022:
- China (425.7M units)
- United Arab Emirates (127.8M units)
- India (38.7M units)
- Turkey (29.1M units)
- United Kingdom (20.0M units)
- Hong Kong SAR (13.8M units)
- South Africa (7.0M units)
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ghana
In 2022, overseas shipments of electrical circuit prefabricated elements, connectors, contact elements and other equipment decreased by -41.1% to 2.1M units for the first time since 2019, thus ending a two-year declining trend. In general, exports continue to indicate a deep downturn. Over the period under review, the exports of attained the maximum at 3.5M units in 2021, and then shrank remarkably in the following year.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment reduced notably to $88K in 2022. Overall, exports, however, posted a buoyant expansion. The exports peaked at $128K in 2021, and then contracted significantly in the following year.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 29.1 | N/A | 32.0 | 42.1 | 13.1% |
| Guyana | N/A | N/A | N/A | 14.6 | 0% |
| United Kingdom | N/A | N/A | N/A | 10.4 | 0% |
| Cote d'Ivoire | 0.1 | N/A | 34.4 | 8.0 | 330.9% |
| Netherlands | N/A | N/A | N/A | 7.6 | 0% |
| Togo | 0.1 | N/A | N/A | 4.2 | 247.6% |
| Sierra Leone | N/A | N/A | N/A | 0.7 | 0% |
| Burkina Faso | 15.7 | N/A | N/A | N/A | 0% |
| Nigeria | N/A | N/A | 12.0 | N/A | 0% |
| Rwanda | 0.2 | N/A | N/A | N/A | 0% |
| Sweden | N/A | N/A | 8.1 | N/A | 0% |
| United States | 0.7 | N/A | 26.9 | N/A | 519.9% |
| Others | 27.2 | N/A | 15.0 | 0.7 | -70.5% |
| Total | 73.2 | N/A | 128 | 88.4 | 6.5% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Ghana in 2022:
- Cote d'Ivoire (409.7K units)
- Belgium (391.0K units)
- Sierra Leone (355.2K units)
- Guyana (350.8K units)
- Netherlands (252.3K units)
- United Kingdom (153.1K units)
- Togo (113.9K units)
- United States (0.3K units)
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