Report Update Jan 1, 2025

Ghana - Brakes and Servo-Brakes - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Brakes And Servo-Brakes Market 2025

Brakes And Servo-Brakes Market Size in Ghana

In 2022, the Ghanian brakes and servo-brakes market decreased by -1.3% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption enjoyed a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted modestly in the following year.

Brakes And Servo-Brakes Exports

Exports from Ghana

Brakes and servo-brakes exports from Ghana contracted sharply to X kg in 2022, waning by -68.8% compared with 2021. Overall, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2016 with an increase of 8,679%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, brakes and servo-brakes exports shrank to $X in 2022. In general, exports recorded a slight shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 3,201% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Niger (X kg) and Benin (X kg) were the main destinations of brakes and servo-brakes exports from Ghana.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Benin (with a CAGR of +895.0%).

In value terms, Niger ($X) and Benin ($X) appeared to be the largest markets for brakes and servo-brakes exported from Ghana worldwide.

Benin, with a CAGR of +680.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average brakes and servo-brakes export price stood at $X per ton in 2022, growing by 178% against the previous year. In general, the export price recorded significant growth. The growth pace was the most rapid in 2013 an increase of 297%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($X per ton), while the average price for exports to Benin stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Brakes And Servo-Brakes Imports

Imports into Ghana

In 2022, imports of brakes and servo-brakes into Ghana expanded slightly to X tons, picking up by 3.9% against 2021 figures. Over the period under review, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2019 when imports increased by 86%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, brakes and servo-brakes imports reduced to $X in 2022. Overall, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2019 when imports increased by 72% against the previous year. Imports peaked at $X in 2021, and then declined modestly in the following year.

Imports by Country

In 2022, China (X tons) was the main brakes and servo-brakes supplier to Ghana, accounting for a 94% share of total imports. It was followed by Germany (X tons), with a 0.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +8.8%.

In value terms, China ($X) constituted the largest supplier of brakes and servo-brakes to Ghana, comprising 84% of total imports. The second position in the ranking was held by Germany ($X), with a 1.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +10.7%.

Import Prices by Country

The average brakes and servo-brakes import price stood at $X per ton in 2022, dropping by -6.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 21%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.1%), 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 brakes and servo-brakes in the world?

China remains the largest brakes and servo-brakes consuming country worldwide, comprising approx. 26% of total volume. Moreover, brakes and servo-brakes consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 9% share.

What are the largest producers of brakes and servo-brakes in the world?

China constituted the country with the largest volume of brakes and servo-brakes production, accounting for 36% of total volume. Moreover, brakes and servo-brakes production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The third position in this ranking was occupied by the United States, with a 5% share.

What are the leading suppliers of brakes and servo-brakes to Ghana?

In value terms, China constituted the largest supplier of brakes and servo-brakes to Ghana, comprising 72% of total imports. The second position in the ranking was occupied by the United Arab Emirates, with a 5.1% share of total imports.

What are the leading importers of brakes and servo-brakes from Ghana?

In value terms, France remains the key foreign market for brakes and servo-brakes exports from Ghana, comprising 46% of total exports. The second position in the ranking was occupied by the Netherlands, with a 17% share of total exports. It was followed by Burkina Faso, with a 7.3% share.

What is the average export price for brakes and servo-brakes in Ghana?

In 2021, the average brakes and servo-brakes export price amounted to $3,998 per ton, surging by 12% against the previous year.

What is the average import price for brakes and servo-brakes in Ghana?

The average brakes and servo-brakes import price stood at $2,595 per ton in 2021, increasing by 48% against the previous year.

This report provides an in-depth analysis of the brakes and servo-brakes 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 29323020 - Brakes and servo-brakes and their parts (excluding unmounted linings or pads)

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024