Report Update Nov 1, 2024

Ghana - Electro-Magnetic Couplings, Clutches and Brakes - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Electro-Magnetic Coupling Market 2024

Electro-Magnetic Coupling Market Size in Ghana

The Ghanian electro-magnetic coupling market declined to $X in 2022, which is down by -14.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a abrupt descent. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Electro-Magnetic Coupling Exports

Exports from Ghana

In 2022, approx. X kg of electro-magnetic couplings, clutches and brakes were exported from Ghana; reducing by -24.1% on the year before. Over the period under review, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2019 with an increase of 159%. The exports peaked at X kg in 2021, and then reduced remarkably in the following year.

In value terms, electro-magnetic coupling exports skyrocketed to $X in 2022. Overall, exports, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2019 with an increase of 260%. 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

South Africa (X kg), Belgium (X kg) and the Netherlands (X kg) were the main destinations of electro-magnetic coupling exports from Ghana.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +37.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and South Africa ($X) appeared to be the largest markets for electro-magnetic coupling exported from Ghana worldwide.

South Africa, with a CAGR of +43.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average electro-magnetic coupling export price amounted to $X per ton, picking up by 76% against the previous year. Over the period under review, the export price, however, showed a noticeable setback. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+38.2%), while the prices for the other major destinations experienced mixed trend patterns.

Electro-Magnetic Coupling Imports

Imports into Ghana

In 2022, imports of electro-magnetic couplings, clutches and brakes into Ghana reduced to X tons, waning by -12.1% compared with 2021 figures. Over the period under review, imports showed a noticeable decrease. The pace of growth was the most pronounced in 2015 when imports increased by 295% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electro-magnetic coupling imports shrank dramatically to $X in 2022. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 200%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons), China (X kg) and the United States (X kg) were the main suppliers of electro-magnetic coupling imports to Ghana, together comprising 62% of total imports. Spain, Germany, Hong Kong SAR, the UK, Australia, South Africa and France lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +34.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electro-magnetic coupling suppliers to Ghana were Germany ($X), the United States ($X) and the UK ($X), together comprising 32% of total imports. Japan, South Africa, China, Australia, Spain, France and Hong Kong SAR lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, Hong Kong SAR, with a CAGR of +4.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average electro-magnetic coupling import price stood at $X per ton in 2022, shrinking by -6.9% against the previous year. In general, the import price recorded a pronounced slump. The pace of growth appeared the most rapid in 2020 when the average import price increased by 40%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.5%), 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 electro-magnetic couplings, clutches and brakes in the world?

The country with the largest volume of electro-magnetic coupling consumption was China, accounting for 28% of total volume. Moreover, electro-magnetic coupling consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 9.4% share.

What are the largest producers of electro-magnetic couplings, clutches and brakes in the world?

China constituted the country with the largest volume of electro-magnetic coupling production, accounting for 30% of total volume. Moreover, electro-magnetic coupling production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 7.8% share.

What are the leading suppliers of electro-magnetic couplings, clutches and brakes to Ghana?

In value terms, the United States constituted the largest supplier of electro-magnetic coupling to Ghana, comprising 38% of total imports. The second position in the ranking was occupied by Germany, with an 8.7% share of total imports. It was followed by South Africa, with a 7.9% share.

What are the leading importers of electro-magnetic couplings, clutches and brakes from Ghana?

In value terms, Cote d'Ivoire $984) remains the key foreign market for electro-magnetic coupling exports from Ghana, comprising 69% of total exports. The second position in the ranking was occupied by South Africa $231), with a 16% share of total exports.

What is the average export price for electro-magnetic couplings, clutches and brakes in Ghana?

In 2021, the average electro-magnetic coupling export price amounted to $26,252 per ton, with an increase of 4.4% against the previous year.

What is the average import price for electro-magnetic couplings, clutches and brakes in Ghana?

The average electro-magnetic coupling import price stood at $43,687 per ton in 2021, growing by 22% against the previous year.

This report provides an in-depth analysis of the electro-magnetic coupling 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 27904050 - Electro-magnetic couplings, clutches and brakes (excluding mechanical hydraulic or pneumatic brakes controlled by electro-magnetic devices)

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