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

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