Report Update Nov 1, 2024

Ghana - Concrete Pumps - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Concrete Pump Market 2024

Concrete Pump Market Size in Ghana

In 2021, the Ghanian concrete pump market increased by 49% to $X, rising for the second consecutive year after five years of decline. In general, consumption enjoyed a buoyant increase. Concrete pump consumption peaked in 2021 and is expected to retain growth in years to come.

Concrete Pump Exports

Exports from Ghana

In 2019, concrete pump exports from Ghana shrank rapidly to X units, which is down by -50% on 2018 figures. Over the period under review, exports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by 150% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2019, the exports stood at a somewhat lower figure.

In value terms, concrete pump exports dropped sharply to $X in 2019. In general, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 91%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2019, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for concrete pump exports from Ghana, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

In value terms, the Netherlands ($X) emerged as the key foreign market for concrete pumps exports from Ghana.

From 2012 to 2019, the average annual growth rate of value to the Netherlands was relatively modest.

Export Prices by Country

In 2019, the average concrete pump export price amounted to $X per unit, dropping by -77.2% against the previous year. Overall, the export price, however, saw resilient growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 1,740% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2019, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2019, the rate of growth in terms of prices for Nigeria amounted to +12,185.7% per year.

Concrete Pump Imports

Imports into Ghana

In 2021, supplies from abroad of concrete pumps increased by 51% to X units, rising for the third consecutive year after four years of decline. Over the period under review, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by 79%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, concrete pump imports soared to $X in 2021. Overall, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by 155% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest concrete pump supplier to Ghana, accounting for a 68% share of total imports. Moreover, concrete pump imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), ninefold. The third position in this ranking was taken by Germany (X units), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +62.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+18.2% per year) and Germany (+3.7% per year).

In value terms, China ($X) constituted the largest supplier of concrete pumps to Ghana, comprising 53% of total imports. The second position in the ranking was taken by the UK ($X), with a 5.1% share of total imports. It was followed by Germany, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +45.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+20.2% per year) and Germany (+111.6% per year).

Import Prices by Country

The average concrete pump import price stood at $X per unit in 2021, declining by -7.9% against the previous year. Over the period under review, the import price recorded a perceptible reduction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 450% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+31.6%), 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 concrete pumps in the world?

The countries with the highest volumes of concrete pump consumption in 2021 were Saudi Arabia, China and Italy, with a combined 91% share of global consumption.

What are the largest producers of concrete pumps in the world?

China constituted the country with the largest volume of concrete pump production, comprising approx. 76% of total volume. Moreover, concrete pump production in China exceeded the figures recorded by the second-largest producer, Italy, eightfold. The third position in this ranking was occupied by Germany, with a 6.6% share.

What are the leading suppliers of concrete pumps to Ghana?

In value terms, China constituted the largest supplier of concrete pump to Ghana, comprising 43% of total imports. The second position in the ranking was occupied by Germany, with an 11% share of total imports. It was followed by the UK, with a 6.2% share.

What is the average export price for concrete pumps in Ghana?

The average concrete pump export price stood at $29,759 per unit in 2019, waning by -31.7% against the previous year.

What is the average import price for concrete pumps in Ghana?

The average concrete pump import price stood at $22,216 per unit in 2021, with a decrease of -54.7% against the previous year.

This report provides an in-depth analysis of the concrete pump 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 28131185 - Concrete pumps

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