Ghana: Mobile Lifting Frame Market 2024

Mobile Lifting Frame Market Size in Ghana

The Ghanian mobile lifting frame market reduced to $X in 2021, with a decrease of -13.3% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Mobile Lifting Frame Production in Ghana

In value terms, mobile lifting frame production reduced to $X in 2021 estimated in export price. In general, production, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 147% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Mobile Lifting Frame Exports

Exports from Ghana

In 2021, shipments abroad of mobile lifting frames on tyres and straddle carriers increased by 137% to X units, rising for the sixth year in a row after three years of decline. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 372%. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, mobile lifting frame exports skyrocketed to $X in 2021. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 290%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The Netherlands (X units) was the main destination for mobile lifting frame exports from Ghana, accounting for a 65% share of total exports. Moreover, mobile lifting frame exports to the Netherlands exceeded the volume sent to the second major destination, Burkina Faso (X units), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+31.4% per year) and Togo (0.0% per year).

In value terms, the Netherlands ($X), Burkina Faso ($X) and Togo ($X) were the largest markets for mobile lifting frame exported from Ghana worldwide.

Burkina Faso, with a CAGR of +40.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mobile lifting frame export price stood at $X per unit in 2021, falling by -15.7% against the previous year. In general, the export price, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 121%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Togo ($X per unit), while the average price for exports to the Netherlands ($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 Burkina Faso (+6.6%).

Mobile Lifting Frame Imports

Imports into Ghana

Mobile lifting frame imports into Ghana contracted markedly to X units in 2021, dropping by -46.2% on the previous year. Over the period under review, imports faced a sharp setback. The growth pace was the most rapid in 2016 when imports increased by 3,144%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, mobile lifting frame imports fell markedly to $X in 2021. In general, imports showed a sharp reduction. The pace of growth was the most pronounced in 2016 with an increase of 3,320% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X units), the Netherlands (X units) and South Korea (X units) were the main suppliers of mobile lifting frame imports to Ghana, with a combined 71% share of total imports. These countries were followed by the United States, Germany, Italy, Nigeria and Turkey, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of -3.5%), while purchases for the other leaders experienced a decline.

In value terms, the largest mobile lifting frame suppliers to Ghana were the Netherlands ($X), Belgium ($X) and South Korea ($X), together comprising 73% of total imports. These countries were followed by the United States, Italy, Germany, Nigeria and Turkey, which together accounted for a further 16%.

In terms of the main suppliers, the United States, with a CAGR of -13.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average mobile lifting frame import price amounted to $X per unit, reducing by -30.9% against the previous year. In general, the import price showed a mild setback. The most prominent rate of growth was recorded in 2013 an increase of 64% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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