Ghana: Market for Special-Purpose Electric Lamps and Lighting Fittings 2024

Market Size for Special-Purpose Electric Lamps and Lighting Fittings in Ghana

In 2022, the Ghanian market for special-purpose electric lamps and lighting fittings decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, posted a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped notably in the following year.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports from Ghana

In 2022, the amount of special-purpose electric lamps and lighting fittings exported from Ghana soared to X units, picking up by X% compared with the previous year's figure. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of special-purpose electric lamps and lighting fittings soared to $X in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Malawi (X units) was the main destination for exports of special-purpose electric lamps and lighting fittings from Ghana, accounting for a X% share of total exports. Moreover, exports of special-purpose electric lamps and lighting fittings to Malawi exceeded the volume sent to the second major destination, Angola (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Malawi totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Cote d'Ivoire (X% per year).

In value terms, Malawi ($X) emerged as the key foreign market for special-purpose electric lamps and lighting fittings exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by Angola ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Malawi stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The average export price for special-purpose electric lamps and lighting fittings stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Malawi ($X 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 Niger (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports into Ghana

In 2022, purchases abroad of special-purpose electric lamps and lighting fittings decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at X units in 2021, and then contracted markedly in the following year.

In value terms, imports of special-purpose electric lamps and lighting fittings fell to $X in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

Tunisia (X units), Sri Lanka (X units) and Cote d'Ivoire (X units) were the main suppliers of imports of special-purpose electric lamps and lighting fittings to Ghana, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of X.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X), Taiwan (Chinese) ($X) and Sri Lanka ($X) were the largest special-purpose electric lamp and lighting fitting suppliers to Ghana, together accounting for X% of total imports.

Sri Lanka, with a CAGR of X.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for special-purpose electric lamps and lighting fittings amounted to $X per unit, picking up by X% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for special-purpose electric lamps and lighting fittings increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Cote d'Ivoire ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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