Report Update Nov 1, 2024

Ghana - Bodies for Motor Vehicles for the Transporting People - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Transportation Vehicle Body Market 2024

Transportation Vehicle Body Market Size in Ghana

In 2022, after four years of growth, there was decline in the Ghanian transportation vehicle body market, when its value decreased by -3.7% to $X. Overall, consumption, however, showed resilient growth. Over the period under review, the market hit record highs at $X in 2021, and then fell modestly in the following year.

Transportation Vehicle Body Exports

Exports from Ghana

In 2022, transportation vehicle body exports from Ghana stood at less than X units, almost unchanged from the previous year's figure. Overall, exports showed a relatively flat trend pattern. The smallest decline of 99.9% was in 2021. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, transportation vehicle body exports fell to $X in 2022. In general, exports saw a mild descent. The pace of growth appeared the most rapid in 2019 when exports increased by 599%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Transportation Vehicle Body Imports

Imports into Ghana

In 2022, after four years of growth, there was significant decline in purchases abroad of bodies for motor vehicles for the transporting people, when their volume decreased by -8.3% to X units. Overall, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 300% against the previous year. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, transportation vehicle body imports expanded notably to $X in 2022. In general, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2019 when imports increased by 362%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X units), the United States (X units) and South Korea (X units) were the main suppliers of transportation vehicle body imports to Ghana, with a combined 43% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +76.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of bodies for motor vehicles for the transporting people to Ghana, comprising 39% of total imports. The second position in the ranking was taken by Spain ($X), with an 18% share of total imports. It was followed by South Korea, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +59.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+83.4% per year) and South Korea (+8.9% per year).

Import Prices by Country

In 2022, the average transportation vehicle body import price amounted to $X per unit, rising by 15% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 162% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bodies for motor vehicles for the transporting people in the world?

The country with the largest volume of transportation vehicle body consumption was China, accounting for 28% of total volume. Moreover, transportation vehicle body consumption in China exceeded the figures recorded by the second-largest consumer, South Africa, fourfold. The United States ranked third in terms of total consumption with a 6.4% share.

What are the largest producers of bodies for motor vehicles for the transporting people in the world?

China constituted the country with the largest volume of transportation vehicle body production, comprising approx. 34% of total volume. Moreover, transportation vehicle body production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. India ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of bodies for motor vehicles for the transporting people to Ghana?

In value terms, the United States constituted the largest supplier of transportation vehicle body to Ghana, comprising 86% of total imports. The second position in the ranking was occupied by South Korea, with a 3% share of total imports. It was followed by the UK, with a 2.8% share.

What are the leading importers of bodies for motor vehicles for the transporting people from Ghana?

In value terms, Nigeria remains the key foreign market for transportation vehicle body exports from Ghana.

What is the average export price for bodies for motor vehicles for the transporting people in Ghana?

The average transportation vehicle body export price stood at $99 per unit in 2021, reducing by -26.8% against the previous year.

What is the average import price for bodies for motor vehicles for the transporting people in Ghana?

The average transportation vehicle body import price stood at $57 per unit in 2021, which is down by -4.8% against the previous year.

This report provides an in-depth analysis of the transportation vehicle body market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29201030 - Bodies for motor cars and other motor vehicles principally designed for the transport of persons (including for golf cars and similar vehicles) (excluding those for transporting . .10 persons)

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023