Report Update Nov 1, 2024

Ghana - Parts of Ball or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size in Ghana

The Ghanian ball bearing parts market skyrocketed to $X in 2021, growing by 177% 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, saw a slight decline. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Ball Bearing Parts Exports

Exports from Ghana

In 2021, approx. X tons of parts of ball or roller bearings were exported from Ghana; rising by 293% against the previous year. Overall, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 602% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, ball bearing parts exports surged to $X in 2021. In general, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 841% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Togo (X tons) was the main destination for ball bearing parts exports from Ghana, with a approx. 96% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Togo was relatively modest.

In value terms, Togo ($X) emerged as the key foreign market for parts of ball or roller bearings exports from Ghana.

From 2012 to 2021, the average annual growth rate of value to Togo was relatively modest.

Export Prices by Country

The average ball bearing parts export price stood at $X per ton in 2021, with a decrease of -61.4% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 an increase of 211%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Togo.

From 2012 to 2021, the rate of growth in terms of prices for Mali amounted to +56.7% per year.

Ball Bearing Parts Imports

Imports into Ghana

Ball bearing parts imports into Ghana surged to X tons in 2021, rising by 148% compared with 2020. In general, imports showed a noticeable increase. The pace of growth appeared the most rapid in 2016 with an increase of 224% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, ball bearing parts imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2016 with an increase of 312% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest ball bearing parts supplier to Ghana, with a 75% share of total imports. Moreover, ball bearing parts imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), eightfold. The third position in this ranking was taken by the Netherlands (X tons), with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +27.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-13.5% per year) and the Netherlands (+54.0% per year).

In value terms, the largest ball bearing parts suppliers to Ghana were China ($X), the Netherlands ($X) and India ($X), with a combined 60% share of total imports.

The Netherlands, with a CAGR of +43.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ball bearing parts import price stood at $X per ton in 2021, surging by 27% against the previous year. Over the period under review, the import price, however, saw a deep reduction. The growth pace was the most rapid in 2016 an increase of 27% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+14.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for parts of ball or roller bearings in the world?

China remains the largest ball bearing parts consuming country worldwide, accounting for 24% of total volume. Moreover, ball bearing parts consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with an 8% share.

What are the largest producers of parts of ball or roller bearings in the world?

China remains the largest ball bearing parts producing country worldwide, accounting for 37% of total volume. Moreover, ball bearing parts production in China exceeded the figures recorded by the second-largest producer, India, threefold. Japan ranked third in terms of total production with a 9.1% share.

What are the leading suppliers of parts of ball or roller bearings to Ghana?

In value terms, the Netherlands, India and Australia constituted the largest ball bearing parts suppliers to Ghana, together accounting for 80% of total imports.

What is the average export price for parts of ball or roller bearings in Ghana?

In 2021, the average ball bearing parts export price amounted to $19,964 per ton, reducing by -51.5% against the previous year.

What is the average import price for parts of ball or roller bearings in Ghana?

In 2021, the average ball bearing parts import price amounted to $12,362 per ton, surging by 61% against the previous year.

This report provides an in-depth analysis of the ball bearing parts market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28153150 - Parts of ball or roller bearings (excluding balls, needles and rollers)

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023