Market Insights Consumer Household Appliances Small Appliances

Small Kitchen Appliances - Ghana

Ghana

In 2024, Ghana's revenue in the Small Kitchen Appliances market reached US$0.53bn.
The market is projected to experience an annual growth rate of 6.90% (CAGR 2024-2029).
When compared globally, in China dominates the market, generating a revenue of US$30,850m in 2024.
In terms of household income, each household in Ghana is estimated to generate revenues of US$63.34 in 2024.
Looking ahead to 2029, the volume in the Small Kitchen Appliances market is expected to reach 10.2m pieces.
Additionally, the segment is anticipated to exhibit a volume growth of 4.5% in 2025.
The average volume per household in the Small Kitchen Appliances market is predicted to be 0.99pieces in 2024.
Ghanaian consumers are increasingly investing in small kitchen appliances to enhance their cooking experience and improve efficiency in their homes.

Key regions: Canada, China, Germany, Worldwide, Japan

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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.