Market Insights Consumer Household Appliances Major Appliances

Freezers - Ghana

Ghana

In Ghana, the revenue in the Freezers market is estimated to reach US$91.59m in 2024.
It is projected to experience an annual growth rate of 4.64% (CAGR 2024-2029).
When compared globally, in China generates the highest revenue in this segment, with a staggering US$5,491m in 2024.
Taking into account the total number of households, the per household revenues in Ghana's Freezers market are expected to amount to US$10.88 in 2024.
Looking ahead, the volume in the Freezers market is anticipated to reach 248.6k pieces by 2029.
In 2025, there is an expected volume growth of 4.2%.
Furthermore, the average volume per household in the Freezers market in Ghana is projected to be 0.02pieces in 2024.
Ghana's freezer market is experiencing a surge in demand due to the country's growing middle class and increasing reliance on frozen food products.

Key regions: Indonesia, Japan, India, Germany, Europe

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Survey data is reweighted for representativeness.