Report Update Nov 1, 2024

Ghana - Machinery for Packing or Wrapping - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Machinery For Packing Market 2024

Machinery For Packing Market Size in Ghana

The Ghanian machinery for packing market shrank rapidly to $X in 2022, waning by -22.6% 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, enjoyed a moderate increase. As a result, consumption attained the peak level of $X, and then dropped notably in the following year.

Machinery For Packing Exports

Exports from Ghana

Machinery for packing exports from Ghana skyrocketed to X units in 2022, picking up by 540% compared with 2021. Overall, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 3,959% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, machinery for packing exports soared to $X in 2022. Over the period under review, exports continue to indicate tangible growth. The pace of growth was the most pronounced in 2017 with an increase of 1,272%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X units) was the main destination for machinery for packing exports from Ghana, accounting for a 69% share of total exports. Moreover, machinery for packing exports to Italy exceeded the volume sent to the second major destination, Mali (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy stood at +18.3%.

In value terms, Italy ($X) remains the key foreign market for machinery for packing or wrapping exports from Ghana, comprising 62% of total exports. The second position in the ranking was taken by Mali ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Italy totaled +18.3%.

Export Prices by Country

In 2022, the average machinery for packing export price amounted to $X per unit, falling by -37.7% against the previous year. Over the period under review, the export price faced a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when the average export price increased by 252%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Mali amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-0.0%).

Machinery For Packing Imports

Imports into Ghana

In 2022, machinery for packing imports into Ghana reduced notably to X units, dropping by -15.6% against the previous year. Overall, imports, however, recorded a notable increase. The pace of growth appeared the most rapid in 2016 with an increase of 117%. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, machinery for packing imports dropped sharply to $X in 2022. In general, imports, however, showed a temperate expansion. The pace of growth was the most pronounced in 2018 when imports increased by 173%. Imports peaked at $X in 2021, and then reduced markedly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of machinery for packing to Ghana, with a 43% share of total imports. Moreover, machinery for packing imports from China exceeded the figures recorded by the second-largest supplier, India (X units), threefold. Saudi Arabia (X units) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+26.8% per year) and Saudi Arabia (+60.3% per year).

In value terms, the largest machinery for packing suppliers to Ghana were Italy ($X), Germany ($X) and China ($X), together comprising 54% of total imports. India, Spain, Tanzania, Cote d'Ivoire, Saudi Arabia, Togo and Nigeria lagged somewhat behind, together accounting for a further 21%.

Saudi Arabia, with a CAGR of +36.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 machinery for packing import price amounted to $X per unit, reducing by -2.7% against the previous year. Overall, the import price, however, posted a slight increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 101% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machinery for packing or wrapping in the world?

China constituted the country with the largest volume of machinery for packing consumption, accounting for 24% of total volume. Moreover, machinery for packing consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. Japan ranked third in terms of total consumption with a 5% share.

What are the largest producers of machinery for packing or wrapping in the world?

The countries with the highest volumes of machinery for packing production in 2020 were China, Italy and Germany, together comprising 57% of global production. India, Japan, Turkey, Taiwan Chinese), Brazil, the United States, the Netherlands, Saudi Arabia and Spain lagged somewhat behind, together comprising a further 32%.

What are the leading suppliers of machinery for packing or wrapping to Ghana?

In value terms, Germany, China and Italy were the largest machinery for packing suppliers to Ghana, together accounting for 63% of total imports. India, Turkey, Cote d'Ivoire, South Africa, Belgium and Saudi Arabia lagged somewhat behind, together accounting for a further 20%.

What are the leading importers of machinery for packing or wrapping from Ghana?

In value terms, Italy remains the key foreign market for machinery for packing exports from Ghana, comprising 45% of total exports. The second position in the ranking was occupied by Burkina Faso, with a 12% share of total exports. It was followed by Germany, with a 6.7% share.

What is the average export price for machinery for packing or wrapping in Ghana?

The average machinery for packing export price stood at $1,076 per unit in 2020, increasing by 2% against the previous year.

What is the average import price for machinery for packing or wrapping in Ghana?

In 2020, the average machinery for packing import price amounted to $561 per unit, increasing by 20% against the previous year.

This report provides an in-depth analysis of the machinery for packing market 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 28292180 - Machinery for packing or wrapping (excluding for filling, c losing, sealing, capsuling or labelling bottles, cans, boxes, b ags or other containers)

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