Ghana: Hydraulic Automatic Regulators Market 2025

Hydraulic Automatic Regulators Market Size in Ghana

The Ghanian hydraulic automatic regulators market soared to $X in 2021, picking up by 90% 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). Overall, consumption posted a buoyant increase. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Hydraulic Automatic Regulators Exports

Exports from Ghana

In 2021, shipments abroad of hydraulic or pneumatic automatic regulating instruments increased by 42% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 129% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, hydraulic automatic regulators exports declined to $X in 2021. Overall, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +9.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -10.4% against 2014 indices. The growth pace was the most rapid in 2013 with an increase of 74% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for hydraulic automatic regulators exports from Ghana, with a 95% share of total exports. Moreover, hydraulic automatic regulators exports to Germany exceeded the volume sent to the second major destination, Nigeria (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +15.5%.

In value terms, Germany ($X) remains the key foreign market for hydraulic or pneumatic automatic regulating instruments exports from Ghana, comprising 98% of total exports. The second position in the ranking was held by Nigeria ($X), with a 2.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +50.0%.

Export Prices by Country

In 2021, the average hydraulic automatic regulators export price amounted to $X per unit, declining by -30.8% against the previous year. In general, the export price, however, posted a significant increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 341%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020, and then reduced notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Nigeria totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1,537.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Automatic Regulators Imports

Imports into Ghana

In 2021, the amount of hydraulic or pneumatic automatic regulating instruments imported into Ghana surged to X units, rising by 53% on 2020. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 106% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, hydraulic automatic regulators imports surged to $X in 2021. Overall, imports showed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest hydraulic automatic regulators supplier to Ghana, accounting for a 39% share of total imports. Moreover, hydraulic automatic regulators imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fourfold. South Africa (X units) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+25.1% per year) and South Africa (-9.5% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic or pneumatic automatic regulating instruments to Ghana, comprising 75% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by the UK, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +40.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+13.7% per year) and the UK (+10.0% per year).

Import Prices by Country

The average hydraulic automatic regulators import price stood at $X per unit in 2021, surging by 48% against the previous year. Over the period under review, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 176%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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