Report Update: May 1, 2024

Ghana - Sealed Beam Lamp Units - Market Analysis, Forecast, Size, Trends And Insights

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Sealed Beam Price in Ghana - 2022

Sealed Beam Price in Ghana (CIF) - 2022

The average sealed beam import price stood at $16 per unit in 2022, surging by 54% against the previous year. In general, the import price showed resilient growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 77%. As a result, import price reached the peak level of $19 per unit. From 2019 to 2022, the average import prices failed to regain momentum.

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 Hungary ($26 per unit), while the price for India ($4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Sealed Beam Price in Ghana (FOB) - 2022

In 2022, the average sealed beam export price amounted to $279 per unit, growing by 11% against the previous year. Over the period under review, the export price posted a significant expansion. The pace of growth was the most pronounced in 2013 an increase of 7,863% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($282 per unit), while the average price for exports to Angola ($177 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 Cote d'Ivoire (+75.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sealed Beam Imports in Ghana

In 2022, supplies from abroad of sealed beam lamp units decreased by -50.7% to 26K units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 74%. Over the period under review, imports hit record highs at 52K units in 2021, and then declined notably in the following year.

In value terms, sealed beam imports fell remarkably to $407K in 2022. Over the period under review, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 93% against the previous year. As a result, imports reached the peak of $536K, and then dropped remarkably in the following year.

Import of Sealed Beam in Ghana (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	83.4	42.6	62.4	129	15.6%
China	3.8	88.5	297	69.4	163.3%
Morocco	26.7	13.7	20.0	41.4	15.7%
Austria	18.9	9.7	14.2	29.3	15.7%
Portugal	7.0	3.8	7.5	13.1	23.2%
Vietnam	N/A	N/A	0.6	9.7	1516.7%
Italy	N/A	N/A	0.2	8.6	4200.0%
United States	2.5	2.2	4.0	7.0	40.9%
Norway	90.1	16.8	9.0	3.0	-67.8%
Singapore	N/A	41.7	N/A	N/A	0%
Others	82.2	58.6	122	96.4	5.5%
Total	315	278	536	407	8.9%

Top Suppliers of Sealed Beam to Ghana in 2022:

China (11.2K units)
Malaysia (5.8K units)
Morocco (1.9K units)
Italy (1.4K units)
Austria (1.3K units)
Portugal (0.6K units)
Vietnam (0.6K units)
United States (0.5K units)
Norway (0.5K units)

Sealed Beam Exports in Ghana

In 2022, shipments abroad of sealed beam lamp units increased by 66% to 73 units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a sharp decline. The exports peaked at 261 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, sealed beam exports surged to $20K in 2022. Overall, exports, however, recorded a significant curtailment. The exports peaked at $43K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Sealed Beam in Ghana (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	35.9	17.0	8.3	15.4	-24.6%
Cote d'Ivoire	1.3	9.2	1.5	2.8	29.1%
Burkina Faso	4.7	2.2	1.0	1.9	-26.1%
Angola	1.0	0.3	0.1	0.2	-41.5%
Others	N/A	0.9	N/A	N/A	0%
Total	42.8	29.7	11.0	20.3	-22.0%

Top Export Markets for Sealed Beam from Ghana in 2022:

South Africa (55.0 units)
Cote d'Ivoire (10.0 units)
Burkina Faso (7.0 units)
Angola (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sealed beam 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 27401100 - Sealed beam lamp units

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023