Ghana: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2025

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Ghana

The Ghanian non-numerically controlled drilling machine market contracted remarkably to $X in 2021, with a decrease of -29.4% against the previous year. In general, consumption saw a deep downturn. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Non-Numerically Controlled Drilling Machines For Working Metal in Ghana

In value terms, non-numerically controlled drilling machine production dropped remarkably to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt descent. The pace of growth was the most pronounced in 2020 when the production volume increased by 196%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Ghana

For the third year in a row, Ghana recorded growth in overseas shipments of non-numerically controlled drilling machines for working metal, which increased by 121% to X tons in 2021. Over the period under review, exports, however, recorded a sharp shrinkage. The growth pace was the most rapid in 2019 when exports increased by 132%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, non-numerically controlled drilling machine exports surged to $X in 2021. In general, exports, however, continue to indicate a sharp decrease. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Tanzania (X tons) was the main destination for non-numerically controlled drilling machine exports from Ghana, with a 49% share of total exports. Moreover, non-numerically controlled drilling machine exports to Tanzania exceeded the volume sent to the second major destination, Togo (X kg), twofold. The third position in this ranking was taken by Senegal (X kg), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Tanzania stood at -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (-4.1% per year) and Senegal (-19.1% per year).

In value terms, Tanzania ($X) remains the key foreign market for non-numerically controlled drilling machines for working metal exports from Ghana, comprising 62% of total exports. The second position in the ranking was held by Nigeria ($X), with a 17% share of total exports. It was followed by the UK, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Tanzania stood at -8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-9.8% per year) and the UK (-41.0% per year).

Export Prices by Country

The average non-numerically controlled drilling machine export price stood at $X per ton in 2021, surging by 11% against the previous year. In general, the export price, however, continues to indicate a deep contraction. The pace of growth was the most pronounced in 2018 an increase of 22% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Nigeria ($X per ton), while the average price for exports to Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+18.6%), while the prices for the other major destinations experienced a decline.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Ghana

In 2021, the amount of non-numerically controlled drilling machines for working metal imported into Ghana contracted sharply to X tons, declining by -23.2% compared with the previous year. Overall, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 1,016% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, non-numerically controlled drilling machine imports shrank slightly to $X in 2021. Over the period under review, imports saw a abrupt downturn. The growth pace was the most rapid in 2017 when imports increased by 1,124% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Sierra Leone (X tons) constituted the largest supplier of non-numerically controlled drilling machine to Ghana, accounting for a 53% share of total imports. Moreover, non-numerically controlled drilling machine imports from Sierra Leone exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Canada (X tons) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume from Sierra Leone amounted to +53.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-22.9% per year) and Canada (+47.1% per year).

In value terms, Sierra Leone ($X) constituted the largest supplier of non-numerically controlled drilling machines for working metal to Ghana, comprising 61% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by the United States, with a 9% share.

From 2012 to 2021, the average annual growth rate of value from Sierra Leone amounted to +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.0% per year) and the United States (-19.1% per year).

Import Prices by Country

In 2021, the average non-numerically controlled drilling machine import price amounted to $X per ton, surging by 29% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2015 an increase of 33% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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