Ghana: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2025

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Ghana

For the fifth consecutive year, the Ghanian market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps recorded growth in sales value, which increased by 13% to $X in 2021. Over the period under review, consumption saw a strong expansion. Consumption of peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports from Ghana

In 2021, overseas shipments of hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by -77.5% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports, however, saw a modest expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,307% against the previous year. As a result, the exports reached the peak of X units, and then reduced notably in the following year.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps declined sharply to $X in 2021. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 1,793% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Ghana, with a 103% share of total exports. Moreover, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps to the UK exceeded the volume sent to the second major destination, South Africa (X units), fivefold. The third position in this ranking was taken by Germany (X units), with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +50.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-0.8% per year) and Germany (-15.9% per year).

In value terms, the UK ($X) remains the key foreign market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps exports from Ghana, comprising 72% of total exports. The second position in the ranking was held by South Africa ($X), with a 13% share of total exports. It was followed by Germany, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +38.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+3.2% per year) and Germany (-16.6% per year).

Export Prices by Country

The average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X per unit in 2021, picking up by 35% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were the UK ($X per unit) and South Africa ($X per unit), while the average price for exports to Germany ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+1,814.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports into Ghana

In 2021, purchases abroad of hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by 8.3% to X units, rising for the fourth consecutive year after two years of decline. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 661%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps soared to $X in 2021. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 157% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplier to Ghana, accounting for a 13% share of total imports. Moreover, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), twofold. Germany (X units) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+61.9% per year) and Germany (+33.6% per year).

In value terms, the largest hydraulic pump (gear or vane) and other rotary positive displacement pump suppliers to Ghana were the United States ($X), Germany ($X) and India ($X), with a combined 32% share of total imports. The Netherlands, the United Arab Emirates, Italy, China, Turkey, Belgium and Israel lagged somewhat behind, together comprising a further 16%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +76.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, surging by 11% against the previous year. Over the period under review, the import price, however, recorded a abrupt decline. The growth pace was the most rapid in 2016 when the average import price increased by 123% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform