Report Update Nov 1, 2024

Ghana - Petrol and Oil Dispensing Pumps - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Ghana

In 2021, the Ghanian oil dispensing pump market increased by 76% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption enjoyed tangible growth. Oil dispensing pump consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Oil Dispensing Pump Exports

Exports from Ghana

In 2021, shipments abroad of petrol and oil dispensing pumps increased by 50% to X units, rising for the sixth year in a row after two years of decline. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 300%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, oil dispensing pump exports surged to $X in 2021. In general, exports enjoyed a temperate expansion. The growth pace was the most rapid in 2016 when exports increased by 211% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Togo (X units) was the main destination for oil dispensing pump exports from Ghana, accounting for a 74% share of total exports. Moreover, oil dispensing pump exports to Togo exceeded the volume sent to the second major destination, Burkina Faso (X units), sevenfold. The third position in this ranking was taken by Cote d'Ivoire (X units), with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume to Togo stood at +34.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+8.0% per year) and Cote d'Ivoire (+44.2% per year).

In value terms, Togo ($X) remains the key foreign market for petrol and oil dispensing pumps exports from Ghana, comprising 78% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with an 11% share of total exports. It was followed by South Africa, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Togo stood at +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-9.5% per year) and South Africa (+102.9% per year).

Export Prices by Country

In 2021, the average oil dispensing pump export price amounted to $X per unit, shrinking by -18.6% against the previous year. Overall, the export price recorded a deep slump. The pace of growth was the most pronounced in 2013 an increase of 50% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Burkina Faso ($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 South Africa (+10.0%), while the prices for the other major destinations experienced a decline.

Oil Dispensing Pump Imports

Imports into Ghana

In 2021, purchases abroad of petrol and oil dispensing pumps increased by 70% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports continue to indicate a tangible expansion. The pace of growth appeared the most rapid in 2020 with an increase of 158% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, oil dispensing pump imports surged to $X in 2021. Overall, imports posted moderate growth. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X units) constituted the largest oil dispensing pump supplier to Ghana, with a 54% share of total imports. Moreover, oil dispensing pump imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Nigeria (X units), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +65.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.6% per year) and Nigeria (+60.2% per year).

In value terms, Turkey ($X), China ($X) and Nigeria ($X) constituted the largest oil dispensing pump suppliers to Ghana, with a combined 70% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +67.3%, saw the highest growth rate of 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 oil dispensing pump import price stood at $X per unit in 2021, rising by 7% against the previous year. In general, the import price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by 62%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was India ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.4%), 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 petrol and oil dispensing pumps in the world?

China remains the largest oil dispensing pump consuming country worldwide, accounting for 25% of total volume. Moreover, oil dispensing pump consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Belgium ranked third in terms of total consumption with a 7.6% share.

What are the largest producers of petrol and oil dispensing pumps in the world?

China remains the largest oil dispensing pump producing country worldwide, accounting for 38% of total volume. Moreover, oil dispensing pump production in China exceeded the figures recorded by the second-largest producer, India, fourfold. Italy ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of petrol and oil dispensing pumps to Ghana?

In value terms, the largest oil dispensing pump suppliers to Ghana were India, China and Turkey, together comprising 62% of total imports.

What are the leading importers of petrol and oil dispensing pumps from Ghana?

In value terms, Togo remains the key foreign market for oil dispensing pump exports from Ghana, comprising 57% of total exports. The second position in the ranking was occupied by Liberia, with a 21% share of total exports. It was followed by Burkina Faso, with a 4.7% share.

What is the average export price for petrol and oil dispensing pumps in Ghana?

In 2020, the average oil dispensing pump export price amounted to $2,499 per unit, flattening at the previous year.

What is the average import price for petrol and oil dispensing pumps in Ghana?

The average oil dispensing pump import price stood at $1,481 per unit in 2020, dropping by -20.2% against the previous year.

This report provides an in-depth analysis of the oil dispensing pump 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 28131105 - Petrol and oil dispensing pumps, unit

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