Report Update Nov 1, 2024

Ghana - Lathes for Removing Metal - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Ghana

In 2021, the Ghanian lathe for removing metal market increased by 8.7% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Lathe for removing metal consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Lathes For Removing Metal in Ghana

In value terms, lathe for removing metal production contracted to $X in 2021 estimated in export price. In general, production saw a pronounced setback. The pace of growth was the most pronounced in 2013 with an increase of 24%. Lathe for removing metal production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Lathes For Removing Metal

Exports from Ghana

In 2014, approx. X units of lathes for removing metal were exported from Ghana; therefore, remained relatively stable against 2013 figures. Over the period under review, exports showed a relatively flat trend pattern. Over the period under review, the lafor removing metal exports hit record highs in 2014 and are expected to retain growth in years to come.

In value terms, lathe for removing metal exports stood at $X in 2014. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the lafor removing metal exports hit record highs in 2014 and are expected to retain growth in the near future.

Exports by Country

From 2012 to 2021, the average annual growth rate of volume to No country was relatively modest.

In value terms, Burkina Faso ($X) remains the key foreign market for lathes for removing metal exports from Ghana, comprising 74% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Burkina Faso stood at +31.4%.

Imports of Lathes For Removing Metal

Imports into Ghana

In 2021, approx. X units of lathes for removing metal were imported into Ghana; growing by 43% compared with 2020 figures. Overall, imports saw a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 178% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, lathe for removing metal imports surged to $X in 2021. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2018 when imports increased by 353%. Over the period under review, lafor removing metal imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of lathe for removing metal imports to Ghana, together accounting for 51% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +70.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of lathes for removing metal to Ghana, comprising 33% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 8.9% share of total imports. It was followed by China, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +32.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+61.0% per year) and China (+31.3% per year).

Import Prices by Country

The average lathe for removing metal import price stood at $X per unit in 2021, rising by 29% against the previous year. Over the period under review, the import price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 62% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for Sweden ($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 (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lathes for removing metal in the world?

South Africa remains the largest lathe for removing metal consuming country worldwide, comprising approx. 35% of total volume. Moreover, lathe for removing metal consumption in South Africa exceeded the figures recorded by the second-largest consumer, Japan, twofold. The third position in this ranking was occupied by China, with a 7.3% share.

What are the largest producers of lathes for removing metal in the world?

The countries with the highest volumes of lathe for removing metal production in 2021 were Japan, China and India, together accounting for 64% of global production.

What are the leading suppliers of lathes for removing metal to Ghana?

In value terms, China constituted the largest supplier of lathe for removing metal to Ghana, comprising 75% of total imports. The second position in the ranking was occupied by India, with an 11% share of total imports. It was followed by Germany, with a 2.5% share.

What are the leading importers of lathes for removing metal from Ghana?

In value terms, Burkina Faso remains the key foreign market for lathe for removing metal exports from Ghana.

What is the average export price for lathes for removing metal in Ghana?

The average lathe for removing metal export price stood at $447 per unit in 2021, falling by -13.1% against the previous year.

What is the average import price for lathes for removing metal in Ghana?

The average lathe for removing metal import price stood at $3,488 per unit in 2021, reducing by -4.1% against the previous year.

This report provides an in-depth analysis of the market for lathe for removing metal in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28412123 - Numerically controlled horizontal lathes, turning centres, for removing metal
Prodcom 28412127 - Numerically controlled horizontal lathes, automatic lathes, for removing metal (excluding turning centres)
Prodcom 28412129 - Numerically controlled horizontal lathes, for removing metal (excluding turning centres, automatic lathes)
Prodcom 28412140 - Non-numerically controlled horizontal lathes, for removing metal
Prodcom 28412160 - Lathes, including turning centres, for removing metal (excluding horizontal lathes)

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023