Ghana: Market for Primary Cells And Primary Batteries 2024

Market Size for Primary Cells And Primary Batteries in Ghana

The Ghanian market for primary cells and primary batteries surged to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a perceptible decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Primary Cells And Primary Batteries

Exports from Ghana

In 2022, the amount of primary cells and primary batteries exported from Ghana soared to X units, with an increase of X% on 2021. In general, exports continue to indicate resilient growth. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, primary cells and primary batteries exports soared to $X in 2022. Over the period under review, exports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Togo (X units) was the main destination for primary cells and primary batteries exports from Ghana, with a X% share of total exports. Moreover, primary cells and primary batteries exports to Togo exceeded the volume sent to the second major destination, Cote d'Ivoire (X units), twofold. The third position in this ranking was taken by Burkina Faso (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Togo amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Burkina Faso (X% per year).

In value terms, Togo ($X) emerged as the key foreign market for primary cells and primary batteries exports from Ghana, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Burkina Faso, with a X% share.

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

Export Prices by Country

The average export price for primary cells and primary batteries stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price showed a deep downturn. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Burkina Faso ($X per unit) and Togo ($X per unit), while the average price for exports to Cote d'Ivoire ($X per unit) and Nigeria ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Togo (X%), while the prices for the other major destinations experienced a decline.

Imports of Primary Cells And Primary Batteries

Imports into Ghana

In 2022, the amount of primary cells and primary batteries imported into Ghana surged to X units, growing by X% on the previous year's figure. In general, imports, however, showed a mild decrease. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, primary cells and primary batteries imports soared to $X in 2022. Over the period under review, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest primary cells and primary batteries supplier to Ghana, with a X% share of total imports. Moreover, primary cells and primary batteries imports from China exceeded the figures recorded by the second-largest supplier, India (X units), ninefold. Singapore (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Singapore (X% per year).

In value terms, China ($X), India ($X) and Singapore ($X) were the largest primary cells and primary batteries suppliers to Ghana, with a combined X% share of total imports.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for primary cells and primary batteries stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 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 India ($X per unit), while the price for China (less than $X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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