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

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

The Ghanian non-numerically controlled sharpening machine market rose markedly to $X in 2022, with an increase of 9.7% against the previous year. Overall, consumption enjoyed modest growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, non-numerically controlled sharpening machine production totaled $X in 2022 estimated in export price. In general, production recorded a slight increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 48% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Ghana

In value terms, non-numerically controlled sharpening machine exports shrank to $X in 2022. Over the period under review, exports recorded a mild increase. The growth pace was the most rapid in 2015 with an increase of 1,725%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

In value terms, Mali ($X) also remains the key foreign market for non-numerically controlled sharpening machines for working metal exports from Ghana.

From 2012 to 2022, the average annual rate of growth in terms of value to Mali totaled +19.0%.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Ghana

After two years of growth, purchases abroad of non-numerically controlled sharpening machines for working metal decreased by -6.4% to X units in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 159%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, non-numerically controlled sharpening machine imports fell rapidly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 121% against the previous year. Imports peaked at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest non-numerically controlled sharpening machine supplier to Ghana, with a 38% share of total imports. Moreover, non-numerically controlled sharpening machine imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The third position in this ranking was held by South Korea (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+40.0% per year) and South Korea (+6.8% per year).

In value terms, the largest non-numerically controlled sharpening machine suppliers to Ghana were Sweden ($X), South Korea ($X) and China ($X), with a combined 43% share of total imports. Germany, the United States, Taiwan (Chinese), Poland, Turkey, Denmark, South Africa and Australia lagged somewhat behind, together comprising a further 23%.

In terms of the main suppliers, Turkey, with a CAGR of +63.3%, saw the highest rates of growth with regard to 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 non-numerically controlled sharpening machine import price stood at $X per unit in 2022, which is down by -10% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 101% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

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 Sweden ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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