Ghana: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Ghana

The Ghanian market for in-hand motor grinders, sanders and planers surged to $X in 2021, jumping by 44% 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 recorded significant growth. Consumption of peaked in 2021 and is expected to retain growth in the near future.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Ghana

In 2021, overseas shipments of in-hand motor grinders, sanders and planers increased by 54% to X units, rising for the fourth year in a row after three years of decline. Over the period under review, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 911% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of in-hand motor grinders, sanders and planers amounted to $X in 2021. Overall, exports saw a resilient increase. The growth pace was the most rapid in 2020 with an increase of 1,263%. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Benin (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from Ghana, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Benin was relatively modest.

In value terms, Benin ($X) emerged as the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Ghana, comprising 100% of total exports. The second position in the ranking was held by Austria ($X), with a 0.1% share of total exports. It was followed by Burkina Faso, with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Benin was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-31.3% per year) and Burkina Faso (-39.4% per year).

Export Prices by Country

In 2021, the average export price for in-hand motor grinders, sanders and planers amounted to $X per unit, falling by -25.5% against the previous year. Overall, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2014 when the average export price increased by 45%. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Burkina Faso ($X per unit), while the average price for exports to South Africa ($X per unit) 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 (+5.0%), while the prices for the other major destinations experienced a decline.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Ghana

For the third consecutive year, Ghana recorded growth in supplies from abroad of in-hand motor grinders, sanders and planers, which increased by 39% to X units in 2021. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 275%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, imports of in-hand motor grinders, sanders and planers soared to $X in 2021. Over the period under review, imports posted a strong expansion. The growth pace was the most rapid in 2019 with an increase of 114%. Over the period under review, imports of reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) was the main supplier of electromechanical tools for working in the hand, with self-contained electric motor to Ghana, accounting for a 93% share of total imports. It was followed by the United Arab Emirates (X units), with a 3.1% share of total imports. The third position in this ranking was taken by Germany (X units), with a 0.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +49.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+11.8% per year) and Germany (-11.9% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Ghana, comprising 83% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 7.9% share of total imports. It was followed by Germany, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +37.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+14.9% per year) and Germany (-0.4% per year).

Import Prices by Country

In 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, with an increase of 7.4% against the previous year. In general, the import price, however, saw a deep reduction. The pace of growth appeared the most rapid in 2014 an increase of 21%. 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 country of origin: the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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