Ghana: Non-Electric Pulley Tackle Market 2024

Non-Electric Pulley Tackle Market Size in Ghana

The Ghanian non-electric pulley tackle market rose remarkably to $X in 2022, picking up by 8.6% against the previous year. In general, consumption showed noticeable 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.

Non-Electric Pulley Tackle Production in Ghana

In value terms, non-electric pulley tackle production totaled $X in 2022 estimated in export price. In general, production showed a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 78% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Non-Electric Pulley Tackle Exports

Exports from Ghana

In 2022, exports of pulley tackle and hoists, non-powered by electric motor from Ghana surged to X units, rising by 144% compared with 2021 figures. In general, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 733%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electric pulley tackle exports fell rapidly to $X in 2022. Overall, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 310%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X units) was the main destination for non-electric pulley tackle exports from Ghana, accounting for a 50% share of total exports. Moreover, non-electric pulley tackle exports to South Africa exceeded the volume sent to the second major destination, France (X units), twofold. The third position in this ranking was taken by Cote d'Ivoire (X units), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to South Africa amounted to +80.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and Cote d'Ivoire (+62.6% per year).

In value terms, South Africa ($X) emerged as the key foreign market for pulley tackle and hoists, non-powered by electric motor exports from Ghana, comprising 77% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 10% share of total exports. It was followed by France, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Africa stood at +85.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+74.0% per year) and France (0.0% per year).

Export Prices by Country

The average non-electric pulley tackle export price stood at $X per unit in 2022, reducing by -69.2% against the previous year. In general, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2021 an increase of 109% against the previous year. As a result, the export price reached the peak level of $X per unit, and then dropped dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to France ($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 Cote d'Ivoire (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Electric Pulley Tackle Imports

Imports into Ghana

In 2022, non-electric pulley tackle imports into Ghana shrank to X units, with a decrease of -12.7% compared with the previous year. Overall, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 144% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, non-electric pulley tackle imports declined to $X in 2022. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 41% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest non-electric pulley tackle supplier to Ghana, accounting for a 82% share of total imports. Moreover, non-electric pulley tackle imports from China exceeded the figures recorded by the second-largest supplier, Ireland (X units), more than tenfold. The third position in this ranking was held by Panama (X units), with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+48.2% per year) and Panama (+49.2% per year).

In value terms, China ($X) constituted the largest supplier of pulley tackle and hoists, non-powered by electric motor to Ghana, comprising 27% of total imports. The second position in the ranking was taken by Ireland ($X), with a 12% share of total imports. It was followed by Panama, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+38.6% per year) and Panama (+51.7% per year).

Import Prices by Country

The average non-electric pulley tackle import price stood at $X per unit in 2022, declining by -2.1% against the previous year. Over the period under review, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in 2013 an increase of 181%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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