Ghana: Market for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids 2024

Market Size for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in Ghana

In 2022, after two years of growth, there was decline in the Ghanian market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids, when its value decreased by -4.9% to $X. In general, consumption, however, showed a slight shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Exports from Ghana

In 2022, approx. X units of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids were exported from Ghana; which is down by -12.1% on the year before. In general, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2016 when exports increased by 163%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids dropped to $X in 2022. Overall, exports saw a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of 238% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Benin (X units) was the main destination for exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids from Ghana, accounting for a 41% share of total exports. Moreover, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to Benin exceeded the volume sent to the second major destination, Togo (X units), fourfold. The third position in this ranking was held by Cote d'Ivoire (X units), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Benin totaled -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+1.8% per year) and Cote d'Ivoire (0.0% per year).

In value terms, Congo ($X) remains the key foreign market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids exports from Ghana, comprising 41% of total exports. The second position in the ranking was taken by Cameroon ($X), with an 18% share of total exports. It was followed by Benin, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Congo stood at +69.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (+54.1% per year) and Benin (-1.8% per year).

Export Prices by Country

In 2022, the average export price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids amounted to $X per unit, rising by 9.3% against the previous year. Overall, the export price, however, continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2019 an increase of 269%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Congo ($X per unit), while the average price for exports to Niger ($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 India (+1,650.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Imports into Ghana

For the fifth consecutive year, Ghana recorded growth in supplies from abroad of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids, which increased by 4.1% to X units in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 65%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids dropped to $X in 2022. In general, imports, however, continue to indicate a slight reduction. The growth pace was the most rapid in 2020 with an increase of 123%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Lebanon (X units), China (X units) and Denmark (X units) were the main suppliers of imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to Ghana, together accounting for 69% of total imports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +73.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to Ghana, comprising 33% of total imports. The second position in the ranking was taken by India ($X), with a 7.3% share of total imports. It was followed by South Africa, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+1.7% per year) and South Africa (+3.2% per year).

Import Prices by Country

In 2022, the average import price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids amounted to $X per unit, which is down by -16.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 36%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 China ($X per unit), while the price for Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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