Report Update Nov 1, 2024

Ghana - Lifts, Elevators, Moving Stairways and Draglines - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Ghana: Market for Lifts, Elevators, Moving Stairways and Draglines 2024

Market Size for Lifts, Elevators, Moving Stairways and Draglines in Ghana

The Ghanian market for lifts, elevators, moving stairways and draglines fell to $X in 2022, shrinking by -5.1% 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, however, recorded a noticeable expansion. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports from Ghana

In 2022, approx. X units of lifts, elevators, moving stairways and draglines were exported from Ghana; picking up by 1,300% compared with the previous year's figure. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, lift, elevator, stairway and dragline exports reached $X in 2022. In general, exports showed resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 831% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Cote d'Ivoire (X units) was the main destination for lift, elevator, stairway and dragline exports from Ghana, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cote d'Ivoire stood at +52.9%.

In value terms, Cote d'Ivoire ($X) emerged as the key foreign market for lifts, elevators, moving stairways and draglines exports from Ghana.

From 2012 to 2022, the average annual growth rate of value to Cote d'Ivoire amounted to +54.2%.

Export Prices by Country

The average export price for lifts, elevators, moving stairways and draglines stood at $X per unit in 2022, falling by -92.8% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 1,761%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Egypt amounted to +28.8% per year.

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports into Ghana

In 2022, the amount of lifts, elevators, moving stairways and draglines imported into Ghana contracted to X units, which is down by -5.5% on the previous year's figure. Overall, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 131% against the previous year. As a result, imports reached the peak of X units, and then declined in the following year.

In value terms, lift, elevator, stairway and dragline imports expanded to $X in 2022. In general, imports, however, continue to indicate pronounced growth. The growth pace was the most rapid in 2021 when imports increased by 118% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Spain (X units) and India (X units) were the main suppliers of lift, elevator, stairway and dragline imports to Ghana, together accounting for 41% of total imports. South Africa, Australia, Austria, Lebanon, the United States, Germany, the UK, France, Turkey and Thailand lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lebanon (with a CAGR of +40.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lift, elevator, stairway and dragline suppliers to Ghana were China ($X), Spain ($X) and South Africa ($X), with a combined 43% share of total imports. Austria, Lebanon, the UK, Thailand, Germany, France, Turkey, India, Australia and the United States lagged somewhat behind, together accounting for a further 21%.

In terms of the main suppliers, Austria, with a CAGR of +73.0%, 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 2022, the average import price for lifts, elevators, moving stairways and draglines amounted to $X per unit, growing by 11% against the previous year. Overall, the import price, however, showed a slight slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 16%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+27.6%), 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 lifts, elevators, moving stairways and draglines in the world?

The country with the largest volume of lift, elevator, stairway and dragline consumption was China, comprising approx. 22% of total volume. Moreover, lift, elevator, stairway and dragline consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 7.6% share.

What are the largest producers of lifts, elevators, moving stairways and draglines in the world?

China remains the largest lift, elevator, stairway and dragline producing country worldwide, comprising approx. 26% of total volume. Moreover, lift, elevator, stairway and dragline production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 7.6% share.

What are the leading suppliers of lifts, elevators, moving stairways and draglines to Ghana?

In value terms, Norway constituted the largest supplier of lift, elevator, stairway and dragline to Ghana, comprising 52% of total imports. The second position in the ranking was occupied by Spain, with a 15% share of total imports. It was followed by China, with an 8.9% share.

What are the leading importers of lifts, elevators, moving stairways and draglines from Ghana?

In value terms, Guyana emerged as the key foreign market for lift, elevator, stairway and dragline exports from Ghana, comprising 99% of total exports. The second position in the ranking was occupied by Cote d'Ivoire $747), with a 0.5% share of total exports.

What is the average export price for lifts, elevators, moving stairways and draglines in Ghana?

In 2021, the average export price for lifts, elevators, moving stairways and draglines amounted to $2,627 per unit, with a decrease of -12.2% against the previous year.

What is the average import price for lifts, elevators, moving stairways and draglines in Ghana?

The average import price for lifts, elevators, moving stairways and draglines stood at $5,548 per unit in 2021, picking up by 20% against the previous year.

This report provides an in-depth analysis of the market for lift, elevator, stairway and dragline 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 28221630 - Electrically operated lifts and skip hoists
Prodcom 28221650 - Lifts and skip hoists (excluding electrically operated)
Prodcom 28221670 - Escalators and moving walkways
Prodcom 28221740 - Pneumatic elevators and conveyors
Prodcom 28221820 - Teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars

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