Ghana: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in Ghana

The Ghanian gravimetric filling machine market soared to $X in 2022, jumping by 31% against the previous year. Over the period under review, consumption posted significant growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Gravimetric Filling Machine Production in Ghana

In value terms, gravimetric filling machine production surged to $X in 2022 estimated in export price. Over the period under review, production saw significant growth. The growth pace was the most rapid in 2020 with an increase of 314%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Gravimetric Filling Machine Exports

Exports from Ghana

For the third consecutive year, Ghana recorded decline in shipments abroad of automatic gravimetric filling machines, which decreased by 0% to X units in 2022. In general, exports saw a sharp reduction. The pace of growth appeared the most rapid in 2019 when exports increased by 10,900% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, gravimetric filling machine exports shrank slightly to $X in 2022. Overall, exports showed a sharp curtailment. The growth pace was the most rapid in 2019 with an increase of 27,411% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria (X units) and Burkina Faso (X units) were the main destinations of gravimetric filling machine exports from Ghana.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of -12.9%).

In value terms, Burkina Faso ($X) remains the key foreign market for automatic gravimetric filling machines exports from Ghana, comprising 77% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Burkina Faso amounted to -13.7%.

Export Prices by Country

In 2022, the average gravimetric filling machine export price amounted to $X per unit, falling by -2.9% against the previous year. Over the period under review, the export price, however, showed a slight increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 416% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while the average price for exports to Nigeria stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+53.1%), while the prices for the other major destinations experienced a decline.

Gravimetric Filling Machine Imports

Imports into Ghana

In 2022, gravimetric filling machine imports into Ghana soared to X units, picking up by 34% against 2021. Overall, imports recorded a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 313% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, gravimetric filling machine imports skyrocketed to $X in 2022. In general, imports posted strong growth. The pace of growth appeared the most rapid in 2020 when imports increased by 757%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, France (X units) constituted the largest supplier of gravimetric filling machine to Ghana, with a 58% share of total imports. Moreover, gravimetric filling machine imports from France exceeded the figures recorded by the second-largest supplier, Australia (X units), fivefold. The third position in this ranking was held by China (X units), with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume from France stood at +59.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+35.6% per year) and China (+19.6% per year).

In value terms, the largest gravimetric filling machine suppliers to Ghana were Australia ($X), France ($X) and China ($X), with a combined 77% share of total imports. Brazil, Belgium, South Korea, Denmark, Spain, India, Germany, the Netherlands and Canada lagged somewhat behind, together accounting for a further 19%.

South Korea, with a CAGR of +67.9%, saw the highest growth rate of 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 gravimetric filling machine import price amounted to $X per unit, shrinking by -11.8% against the previous year. Over the period under review, the import price saw a abrupt setback. The pace of growth was the most pronounced in 2014 when the average import price increased by 153%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+50.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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