Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Ghana - 2023
Contents:
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Ghana (CIF) - 2022
- Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Ghana
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Ghana (CIF) - 2022
In 2022, the average import price for furnaces and ovens; industrial or laboratory induction or dielectrics amounted to $7,766 per unit, reducing by -63.7% against the previous year. Overall, the import price, however, posted resilient growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 4.8%. Over the period under review, average import prices hit record highs at $21,364 per unit in 2021, and then declined remarkably in the following year.
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 India ($31,612 per unit), while the price for the UK ($403 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+48.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Ghana
In 2022, the amount of furnaces and ovens; industrial or laboratory induction or dielectrics imported into Ghana surged to 209 units, with an increase of 82% on 2021 figures. Over the period under review, imports, however, recorded a abrupt slump. Imports peaked at 306 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics fell sharply to $1.7M in 2022. In general, imports continue to indicate resilient growth. Imports peaked at $2.5M in 2021, and then contracted markedly in the following year.
| Import of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 997 | N/A | 1,785 | 822 | -6.2% |
| China | 6.2 | N/A | 641 | 813 | 408.0% |
| Germany | 59.0 | N/A | 2.8 | 58.8 | -0.1% |
| Australia | 3.1 | N/A | 10.1 | 10.2 | 48.7% |
| Belgium | 1.3 | N/A | 7.2 | 4.9 | 55.6% |
| United Kingdom | 4.9 | N/A | 5.1 | 0.8 | -45.3% |
| France | 4.7 | N/A | N/A | N/A | 0% |
| Others | 9.0 | N/A | 27.0 | 22.4 | 35.5% |
| Total | 1,085 | N/A | 2,478 | 1,732 | 16.9% |
Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to Ghana in 2022:
- Germany (98.0 units)
- China (63.0 units)
- India (26.0 units)
- Australia (7.0 units)
- Belgium (4.0 units)
- United Kingdom (2.0 units)
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