Ghana: Hand Sieve Market 2024

Hand Sieve Market Size in Ghana

In 2022, the Ghanian hand sieve market increased by 67% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, recorded a deep reduction. Hand sieve consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Hand Sieve Exports

Exports from Ghana

In 2022, overseas shipments of hand sieves and hand riddles increased by 13% to X units for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2017 with an increase of 4,241% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, hand sieve exports rose markedly to $X in 2022. Over the period under review, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2017 when exports increased by 9,190% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Burkina Faso (X units) was the main destination for hand sieve exports from Ghana, with a 88% share of total exports. Moreover, hand sieve exports to Burkina Faso exceeded the volume sent to the second major destination, Cote d'Ivoire (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Burkina Faso amounted to -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (0.0% per year) and the UK (0.0% per year).

In value terms, the largest markets for hand sieve exported from Ghana were Cote d'Ivoire ($X) and Burkina Faso ($X).

Cote d'Ivoire, with a CAGR of -8.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average hand sieve export price stood at $X per unit in 2022, falling by -2.7% against the previous year. In general, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of 114% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (-9.7%), while the prices for the other major destinations experienced a decline.

Hand Sieve Imports

Imports into Ghana

In 2022, purchases abroad of hand sieves and hand riddles increased by 140% to X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2015 when imports increased by 274% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, hand sieve imports declined markedly to $X in 2022. In general, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 303%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest hand sieve supplier to Ghana, with a 87% share of total imports. Moreover, hand sieve imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold. The UK (X units) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+15.4% per year) and the UK (-13.1% per year).

In value terms, China ($X) constituted the largest supplier of hand sieves and hand riddles to Ghana, comprising 52% of total imports. The second position in the ranking was taken by the UK ($X), with a 16% share of total imports. It was followed by India, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+1.1% per year) and India (-3.2% per year).

Import Prices by Country

In 2022, the average hand sieve import price amounted to $X per unit, shrinking by -64.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 113%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then fell significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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