Ghana: Concrete Pump Market 2025

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

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