Report Update Nov 1, 2024

Ghana - Machinery for Public Works and Building - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Public Works Machinery Market 2024

Public Works Machinery Market Size in Ghana

In 2021, the Ghanian public works machinery market increased by 67% to $X, rising for the third consecutive year after two years of decline. In general, consumption saw a significant increase. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the near future.

Public Works Machinery Exports

Exports from Ghana

In 2016, exports of machinery for public works and building from Ghana amounted to X units, therefore, remained relatively stable against 2015. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2016 and are likely to see steady growth in the near future.

In value terms, public works machinery exports amounted to $X in 2016. In general, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2016 and are likely to see gradual growth in years to come.

Exports by Country

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

In value terms, Cote d'Ivoire ($X) remains the key foreign market for machinery for public works and building exports from Ghana, comprising 73% of total exports. The second position in the ranking was taken by Togo ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Cote d'Ivoire stood at +199.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+21.7% per year) and Burkina Faso (+126.5% per year).

Public Works Machinery Imports

Imports into Ghana

In 2021, supplies from abroad of machinery for public works and building increased by 29% to X units, rising for the third consecutive year after two years of decline. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 234% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, public works machinery imports surged to $X in 2021. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 514% against the previous year. Imports peaked 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 public works machinery to Ghana, with a 91% share of total imports. It was followed by Finland (X units), with a 1.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +58.0%.

In value terms, Finland ($X) and China ($X) appeared to be the largest public works machinery suppliers to Ghana.

Among the main suppliers, Finland, with a CAGR of +85.1%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the average public works machinery import price amounted to $X per unit, rising by 165% against the previous year. Over the period under review, the import price, however, saw a abrupt curtailment. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Finland ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+25.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machinery for public works and building in the world?

China remains the largest public works machinery consuming country worldwide, accounting for 27% of total volume. Moreover, public works machinery consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. India ranked third in terms of total consumption with a 10% share.

What are the largest producers of machinery for public works and building in the world?

China remains the largest public works machinery producing country worldwide, comprising approx. 39% of total volume. Moreover, public works machinery production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 10% share.

What are the leading suppliers of machinery for public works and building to Ghana?

In value terms, China, Italy and Germany appeared to be the largest public works machinery suppliers to Ghana, together accounting for 55% of total imports.

What are the leading importers of machinery for public works and building from Ghana?

In value terms, Togo remains the key foreign market for public works machinery exports from Ghana.

What is the average export price for machinery for public works and building in Ghana?

In 2020, the average public works machinery export price amounted to $2,114 per unit, jumping by 85% against the previous year.

What is the average import price for machinery for public works and building in Ghana?

In 2020, the average public works machinery import price amounted to $193 per unit, waning by -65.7% against the previous year.

This report provides an in-depth analysis of the public works machinery 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 28923090 - Machinery for public works, building..., having individual functions

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