Ghana: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2025

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Ghana

In 2021, the Ghanian market for equipment for scaffolding, shuttering, propping or pit propping increased by 28% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +79.3% against 2019 indices. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Ghana

Scaffolding, shuttering, and propping equipment exports from Ghana amounted to X tons in 2021, stabilizing at 2020. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 134% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports dropped modestly to $X in 2021. Over the period under review, exports saw a tangible increase. The most prominent rate of growth was recorded in 2016 with an increase of 128% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa (X tons), Togo (X tons) and Nigeria (X tons) were the main destinations of scaffolding, shuttering, and propping equipment exports from Ghana, together comprising 76% of total exports.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +39.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for scaffolding, shuttering, and propping equipment exported from Ghana were South Africa ($X), Togo ($X) and Burkina Faso ($X), with a combined 75% share of total exports.

Among the main countries of destination, Togo, with a CAGR of +49.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, with a decrease of -4.4% against the previous year. Over the period under review, the export price showed a perceptible decline. The most prominent rate of growth was recorded in 2016 an increase of 46%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Ghana

In 2021, supplies from abroad of equipment for scaffolding, shuttering, propping or pit propping increased by 19% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +86.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 67%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment imports skyrocketed to $X in 2021. In general, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +76.0% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 55% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest scaffolding, shuttering, and propping equipment supplier to Ghana, accounting for a 45% share of total imports. Moreover, scaffolding, shuttering, and propping equipment imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X tons), twofold. Germany (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+4.8% per year) and Germany (+40.0% per year).

In value terms, China ($X) constituted the largest supplier of equipment for scaffolding, shuttering, propping or pit propping to Ghana, comprising 47% of total imports. The second position in the ranking was held by South Africa ($X), with a 19% share of total imports. It was followed by Italy, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-4.1% per year) and Italy (-10.6% per year).

Import Prices by Country

The average import price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, with an increase of 7.7% against the previous year. In general, the import price, however, continues to indicate a slight slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 21% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, 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 Turkey ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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