Ghana: Market for Vacuum Pumps and Air or Gas Compressors 2025

Market Size for Vacuum Pumps and Air or Gas Compressors in Ghana

In 2022, after three years of growth, there was significant decline in the Ghanian market for vacuum pumps and air or gas compressors, when its value decreased by -9.5% to $X. Overall, consumption, however, continues to indicate significant growth. Consumption of peaked at $X in 2021, and then declined in the following year.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Ghana

In 2022, the amount of vacuum pumps and air or gas compressors exported from Ghana reduced slightly to X units, waning by -4.1% on the previous year. Overall, exports, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2016 with an increase of 385% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of vacuum pumps and air or gas compressors surged to $X in 2022. Over the period under review, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 108% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Niger (X units), Burkina Faso (X units) and Norway (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Ghana, with a combined 67% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of +63.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) remains the key foreign market for vacuum pumps and air or gas compressors exports from Ghana, comprising 32% of total exports. The second position in the ranking was held by Angola ($X), with an 11% share of total exports. It was followed by Mali, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Cote d'Ivoire amounted to +41.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-5.2% per year) and Mali (+6.3% per year).

Export Prices by Country

The average export price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, growing by 117% against the previous year. Overall, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 357%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Niger ($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 Cote d'Ivoire (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Ghana

After three years of growth, purchases abroad of vacuum pumps and air or gas compressors decreased by -9.5% to X units in 2022. In general, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 1,098% against the previous year. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, imports of vacuum pumps and air or gas compressors reduced to $X in 2022. Over the period under review, imports, however, posted a notable increase. The pace of growth was the most pronounced in 2016 when imports increased by 170% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of vacuum pump and air or gas compressor to Ghana, with a approx. 98% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +39.4%.

In value terms, China ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to Ghana.

From 2012 to 2022, the average annual growth rate of value from China stood at +20.5%.

Import Prices by Country

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, with an increase of 2.4% against the previous year. Over the period under review, the import price, however, faced a precipitous descent. The pace of growth appeared the most rapid in 2015 when the average import price increased by 385%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -13.6% per year.

Source: IndexBox Platform

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