Report Update Nov 1, 2024

Ghana - Drilling or Morticing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Ghana

The Ghanian wood drilling machine market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption posted prominent growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Wood Drilling Machine Production in Ghana

In value terms, wood drilling machine production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production posted a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 207%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Wood Drilling Machine Exports

Exports from Ghana

Wood drilling machine exports from Ghana totaled X units in 2017, approximately mirroring the previous year. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the peak figure in 2017 and are expected to retain growth in years to come.

In value terms, wood drilling machine exports stood at $X in 2017. Overall, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2017 and are likely to continue growth in the immediate term.

Exports by Country

From 2012 to 2021, the average annual rate of growth in terms of volume to No country was relatively modest.

In value terms, Belgium ($X) remains the key foreign market for drilling or morticing machines exports from Ghana, comprising 89% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Belgium stood at -4.9%.

Wood Drilling Machine Imports

Imports into Ghana

In 2021, the amount of drilling or morticing machines imported into Ghana soared to X units, increasing by 153% against the previous year. Overall, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 when imports increased by 830% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, wood drilling machine imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 892% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Canada (X units) and Spain (X units) were the main suppliers of wood drilling machine imports to Ghana, together comprising 57% of total imports. Moreover, wood drilling machine imports in China exceeded the figures recorded by the second-largest supplier, Canada, twofold.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +38.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of drilling or morticing machines to Ghana, comprising 37% of total imports. The second position in the ranking was taken by Canada ($X), with a 16% share of total imports. It was followed by Turkey, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +38.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+60.4% per year) and Turkey (+35.0% per year).

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, picking up by 77% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 80% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+17.5%), 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 drilling or morticing machines in the world?

The country with the largest volume of wood drilling machine consumption was South Africa, comprising approx. 45% of total volume. Moreover, wood drilling machine consumption in South Africa exceeded the figures recorded by the second-largest consumer, the United States, fourfold. The third position in this ranking was occupied by Nigeria, with an 8% share.

What are the largest producers of drilling or morticing machines in the world?

China remains the largest wood drilling machine producing country worldwide, accounting for 39% of total volume. Moreover, wood drilling machine production in China exceeded the figures recorded by the second-largest producer, Hong Kong SAR, threefold. India ranked third in terms of total production with a 7.8% share.

What are the leading suppliers of drilling or morticing machines to Ghana?

In value terms, Australia constituted the largest supplier of wood drilling machine to Ghana, comprising 46% of total imports. The second position in the ranking was occupied by South Korea, with a 13% share of total imports. It was followed by China, with a 13% share.

What are the leading importers of drilling or morticing machines from Ghana?

In value terms, Belgium remains the key foreign market for wood drilling machine exports from Ghana.

What is the average export price for drilling or morticing machines in Ghana?

The average wood drilling machine export price stood at $3,448 per unit in 2021, waning by -10.5% against the previous year.

What is the average import price for drilling or morticing machines in Ghana?

In 2021, the average wood drilling machine import price amounted to $781 per unit, jumping by 42% against the previous year.

This report provides an in-depth analysis of the wood drilling machine 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 28491267 - Drilling or morticing machines for working wood, cork, bone, h ard rubber, hard plastics or similar hard materials

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