Report Update Nov 1, 2024

Ghana - Machines for Mixing Mineral Substances With Bitumen - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Bitumen Mixer Market 2024

Bitumen Mixer Market Size in Ghana

In 2021, the Ghanian bitumen mixer market increased by 529% to $X, rising for the second consecutive year after three years of decline. In general, consumption showed a prominent increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Bitumen Mixer Production in Ghana

In value terms, bitumen mixer production declined slightly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 10%. Bitumen mixer production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Bitumen Mixer Exports

Exports from Ghana

In 2021, the amount of machines for mixing mineral substances with bitumen exported from Ghana amounted to less than X units, approximately reflecting 2020 figures. In general, exports continue to indicate a relatively flat trend pattern.

In value terms, bitumen mixer exports contracted notably to less than $X in 2021. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 317%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Bitumen Mixer Imports

Imports into Ghana

In 2021, purchases abroad of machines for mixing mineral substances with bitumen increased by 363% to X units, rising for the second consecutive year after three years of decline. In general, imports saw resilient growth. The pace of growth appeared the most rapid in 2020 when imports increased by 2,000%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, bitumen mixer imports surged to $X in 2021. Overall, imports enjoyed a resilient increase. The growth pace was the most rapid in 2020 when imports increased by 2,365% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X units), the UK (X units) and India (X units) were the main suppliers of bitumen mixer imports to Ghana, with a combined 72% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +36.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of machines for mixing mineral substances with bitumen to Ghana, comprising 42% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK totaled +34.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+38.8% per year) and Germany (+9.0% per year).

Import Prices by Country

The average bitumen mixer import price stood at $X per unit in 2021, jumping by 69% against the previous year. Overall, the import price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of 85%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a 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 the United Arab Emirates ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+109.7%), 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 machines for mixing mineral substances with bitumen in the world?

The countries with the highest volumes of bitumen mixer consumption in 2021 were South Korea, Ukraine and Indonesia, with a combined 30% share of global consumption. Croatia, Thailand, Brazil, Egypt, Turkey, Senegal, Kazakhstan, Spain, Micronesia and Romania lagged somewhat behind, together accounting for a further 28%.

What are the largest producers of machines for mixing mineral substances with bitumen in the world?

The countries with the highest volumes of bitumen mixer production in 2021 were South Korea, Germany and Turkey, together accounting for 52% of global production.

What are the leading suppliers of machines for mixing mineral substances with bitumen to Ghana?

In value terms, the largest bitumen mixer suppliers to Ghana were the UK, Germany and Brazil, with a combined 86% share of total imports. India, Italy, Turkey and China lagged somewhat behind, together accounting for a further 14%.

What is the average export price for machines for mixing mineral substances with bitumen in Ghana?

In 2020, the average bitumen mixer export price amounted to $1,001 per unit, shrinking by -53.4% against the previous year.

What is the average import price for machines for mixing mineral substances with bitumen in Ghana?

In 2021, the average bitumen mixer import price amounted to $1,446 per unit, rising by 4.5% against the previous year.

This report provides an in-depth analysis of the bitumen mixer 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 28924070 - Machines for mixing mineral substances with bitumen

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