Ghana: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Ghana

The Ghanian market for mechanical appliances for projecting, dispersing or spraying dropped to $X in 2022, with a decrease of -8.7% 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). Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports from Ghana

In 2022, the amount of mechanical appliances for projecting, dispersing or spraying exported from Ghana declined remarkably to X units, with a decrease of -18% on the year before. Over the period under review, exports showed a sharp reduction. The growth pace was the most rapid in 2019 with an increase of 301%. Over the period under review, the exports of attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying declined markedly to $X in 2022. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 299%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mali (X units), Cote d'Ivoire (X units) and Burkina Faso (X units) were the main destinations of exports of mechanical appliances for projecting, dispersing or spraying from Ghana, together comprising 99% of total exports.

From 2012 to 2022, the biggest increases were recorded for Mali (with a CAGR of -2.5%), while shipments for the other leaders experienced a decline.

In value terms, Mali ($X) remains the key foreign market for mechanical appliances for projecting, dispersing or spraying exports from Ghana, comprising 63% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 12% share of total exports. It was followed by Nigeria, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mali was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-29.6% per year) and Nigeria (-10.2% per year).

Export Prices by Country

The average export price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, the export price, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2013 an increase of 168% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, 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 Nigeria ($X per unit), while the average price for exports to Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+89.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports into Ghana

Imports of mechanical appliances for projecting, dispersing or spraying into Ghana contracted dramatically to X units in 2022, falling by -18.8% against the previous year's figure. In general, imports recorded a noticeable downturn. The growth pace was the most rapid in 2013 when imports increased by 124% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying dropped to $X in 2022. Over the period under review, imports, however, showed a perceptible expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 97%. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mechanical appliances for projecting, dispersing or spraying to Ghana, accounting for a 68% share of total imports. Moreover, imports of mechanical appliances for projecting, dispersing or spraying from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fivefold. France (X units) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+32.9% per year) and France (+24.8% per year).

In value terms, China ($X), Malaysia ($X) and Germany ($X) constituted the largest mechanical appliances for projecting, dispersing or spraying suppliers to Ghana, with a combined 72% share of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of +44.5%, saw the highest growth rate of 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

The average import price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, growing by 23% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for mechanical appliances for projecting, dispersing or spraying increased by +46.1% against 2020 indices. The growth pace was the most rapid in 2015 when the average import price increased by 59%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 Germany ($X per unit), while the price for the United Arab Emirates ($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 (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :