Ghana - Non-Electric Industrial Or Laboratory Furnaces And Ovens - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Electric Industrial Furnace Price in Ghana - 2022
Contents:
- Non-Electric Industrial Furnace Price in Ghana (CIF) - 2022
- Non-Electric Industrial Furnace Price in Ghana (FOB) - 2022
- Non-Electric Industrial Furnace Imports in Ghana
- Non-Electric Industrial Furnace Exports in Ghana
Non-Electric Industrial Furnace Price in Ghana (CIF) - 2022
The average non-electric industrial furnace import price stood at $1,949 per unit in 2022, flattening at the previous year. Overall, the import price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2015 an increase of 264%. Over the period under review, average import prices hit record highs at $17,220 per unit in 2018; however, from 2019 to 2022, 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 ($117,913 per unit), while the price for Sweden ($1,151 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+40.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Electric Industrial Furnace Price in Ghana (FOB) - 2022
In 2022, the average non-electric industrial furnace export price amounted to $10,961 per unit, rising by 13% against the previous year. Over the period under review, the export price, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2018 an increase of 28% against the previous year. Over the period under review, the average export prices attained the maximum at $28,923 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($10,430 per unit), while the average price for exports to Burkina Faso amounted to $531 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+15.4%), while the prices for the other major destinations experienced a decline.
Non-Electric Industrial Furnace Imports in Ghana
In 2022, approx. 4.4K units of non-electric industrial or laboratory furnaces and ovens were imported into Ghana; rising by 18% on the previous year's figure. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 654% against the previous year. As a result, imports reached the peak of 5K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, non-electric industrial furnace imports surged to $8.5M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.1% 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 -12.6% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 52%. As a result, imports attained the peak of $9.7M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Non-Electric Industrial Furnace in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.3 | 1.3 | 2.7 | 4.2 | 47.8% |
| Spain | N/A | 2.8 | 2.0 | 3.0 | 3.5% |
| Italy | N/A | 0.9 | 0.9 | 0.2 | -52.9% |
| Japan | N/A | 0.2 | 0.1 | 0.2 | 0.0% |
| Others | 5.0 | 4.5 | 1.7 | 0.9 | -43.5% |
| Total | 6.4 | 9.7 | 7.3 | 8.5 | 9.9% |
Top Suppliers of Non-Electric Industrial Furnace to Ghana in 2022:
- Spain (639.0 units)
- China (49.0 units)
- Japan (17.0 units)
- Italy (10.0 units)
Non-Electric Industrial Furnace Exports in Ghana
In 2022, approx. 1 units of non-electric industrial or laboratory furnaces and ovens were exported from Ghana; remaining stable against 2021 figures. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, non-electric industrial furnace exports expanded notably to $11K in 2022. Over the period under review, exports saw a abrupt curtailment. Over the period under review, the exports reached the maximum at $15K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Non-Electric Industrial Furnace in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 0.8 | 11.9 | 8.3 | 10.4 | 135.1% |
| Burkina Faso | 0.3 | 0.3 | 0.2 | 0.5 | 18.6% |
| Nigeria | 14.2 | N/A | N/A | N/A | 0% |
| Sweden | N/A | N/A | 0.6 | N/A | 0% |
| Others | N/A | N/A | 0.5 | N/A | 0% |
| Total | 15.2 | 12.2 | 9.7 | 11.0 | -10.2% |
Top Export Markets for Non-Electric Industrial Furnace from Ghana in 2022:
- Cote d'Ivoire (1.0 units)
- Burkina Faso (1.0 units)
This report provides an in-depth analysis of the non-electric industrial furnace 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 28211270 - Industrial or laboratory furnaces and ovens, non-electric, i ncluding incinerators (excluding those for the roasting, m elting or other heat treatment of ores, pyrites or metals, b akery ovens, drying ovens and ovens for cracking operations)
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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