Ghana: Outboard Boat Motors Market 2025

Outboard Boat Motors Market Size in Ghana

The Ghanian outboard boat motors market skyrocketed to $X in 2022, jumping by X% 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). In general, consumption, however, continues to indicate a slight contraction. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Outboard Boat Motors Exports

Exports from Ghana

After two years of growth, shipments abroad of outboard motors for marine propulsion decreased by X% to X units in 2022. Overall, exports showed a pronounced setback. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then declined notably in the following year.

In value terms, outboard boat motors exports dropped dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021, and then fell notably in the following year.

Exports by Country

Cote d'Ivoire (X units), Togo (X units) and Nigeria (X units) were the main destinations of outboard boat motors exports from Ghana.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) emerged as the key foreign market for outboard motors for marine propulsion exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by Togo ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Cote d'Ivoire stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (X% per year) and Nigeria (X% per year).

Export Prices by Country

The average outboard boat motors export price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price enjoyed a significant increase. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Nigeria ($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 Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Outboard Boat Motors Imports

Imports into Ghana

In 2022, the amount of outboard motors for marine propulsion imported into Ghana surged to X units, increasing by X% on the year before. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, outboard boat motors imports surged to $X in 2022. In general, imports, however, continue to indicate a slight decline. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and Thailand (X units) were the main suppliers of outboard boat motors imports to Ghana, with a combined X% share of total imports. Italy, France and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest outboard boat motors suppliers to Ghana were Japan ($X), Thailand ($X) and China ($X), together accounting for X% of total imports. Italy, France and India lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average outboard boat motors import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average 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 India ($X per unit), while the price for China ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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