Ghana: Market for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables 2024

Market Size for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables in Ghana

The Ghanian market for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables totaled $X in 2021, surging by 11% against the previous year. Overall, consumption posted a resilient expansion. Consumption of peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables in Ghana

In value terms, production of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables surged to $X in 2021 estimated in export price. Over the period under review, production saw resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of 144% against the previous year. Production of peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Exports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Exports from Ghana

In 2021, shipments abroad of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables was finally on the rise to reach X units after three years of decline. Overall, exports saw strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables surged to $X in 2021. In general, exports posted buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X units) was the main destination for exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables from Ghana, with a 77% share of total exports. Moreover, exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables to Nigeria exceeded the volume sent to the second major destination, Togo (X units), fourfold. Burkina Faso (X units) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to Nigeria totaled +62.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+23.6% per year) and Burkina Faso (-21.4% per year).

In value terms, Nigeria ($X) remains the key foreign market for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables exports from Ghana, comprising 67% of total exports. The second position in the ranking was held by Togo ($X), with a 32% share of total exports. It was followed by Burkina Faso, with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria totaled +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+26.9% per year) and Burkina Faso (-28.8% per year).

Export Prices by Country

In 2021, the average export price for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables amounted to $X per unit, with an increase of 13% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible descent. The growth pace was the most rapid in 2020 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Togo ($X per unit), while the average price for exports to Burkina Faso ($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 Togo (+2.4%), while the prices for the other major destinations experienced a decline.

Imports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Imports into Ghana

In 2021, overseas purchases of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables decreased by -11.5% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 129%. Over the period under review, imports of attained the peak figure at X units in 2020, and then dropped in the following year.

In value terms, imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables rose significantly to $X in 2021. Over the period under review, imports, however, showed a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 51% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest seed cleaning, sorting and grading machine supplier to Ghana, with a 45% share of total imports. Moreover, imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables from China exceeded the figures recorded by the second-largest supplier, Canada (X units), twofold. The third position in this ranking was taken by India (X units), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +26.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+58.1% per year) and India (-9.9% per year).

In value terms, China ($X) constituted the largest supplier of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables to Ghana, comprising 36% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 9% share of total imports. It was followed by the Netherlands, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+40.1% per year) and the Netherlands (+41.6% per year).

Import Prices by Country

In 2021, the average import price for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables amounted to $X per unit, surging by 24% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 77%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for the UK ($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 (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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