Ghana: Market for Road Tractors For Semi-Trailers 2025

Market Size for Road Tractors For Semi-Trailers in Ghana

The Ghanian road tractor for semi-trailer market surged to $X in 2021, increasing by 155% 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). Over the period under review, consumption enjoyed a tangible increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Road Tractors For Semi-Trailers

Exports from Ghana

In 2021, shipments abroad of road tractors for semi-trailers decreased by -73.1% to X units, falling for the second consecutive year after three years of growth. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 600%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, road tractor for semi-trailer exports declined notably to $X in 2021. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 376%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Togo (X units), Benin (X units) and Madagascar (X units) were the main destinations of road tractor for semi-trailer exports from Ghana, together accounting for 71% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Togo (with a CAGR of +14.9%), while the other leaders experienced more modest paces of growth.

In value terms, Madagascar ($X), Togo ($X) and Benin ($X) constituted the largest markets for road tractor for semi-trailer exported from Ghana worldwide, with a combined 87% share of total exports.

Togo, with a CAGR of +73.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average road tractor for semi-trailer export price stood at $X per unit in 2021, waning by -21.7% against the previous year. In general, the export price, however, posted a measured increase. The growth pace was the most rapid in 2015 an increase of 276% against the previous year. The export price peaked at $X per unit in 2020, and then dropped rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Madagascar ($X per unit), while the average price for exports to Burkina Faso ($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 Benin (+33.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Road Tractors For Semi-Trailers

Imports into Ghana

Road tractor for semi-trailer imports into Ghana surged to X units in 2021, with an increase of 122% on the year before. Over the period under review, imports saw tangible growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, road tractor for semi-trailer imports surged to $X in 2021. In general, imports recorded a notable expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X units), China (X units) and the UK (X units) were the main suppliers of road tractor for semi-trailer imports to Ghana, together accounting for 68% of total imports. These countries were followed by Germany, Belgium, South Korea, Hungary, Turkey, Pakistan, France and the United States, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +33.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest road tractor for semi-trailer suppliers to Ghana were the Netherlands ($X), China ($X) and Germany ($X), together accounting for 79% of total imports. South Korea, the UK, Belgium, Turkey, France, Pakistan, the United States and Hungary lagged somewhat behind, together accounting for a further 14%.

Hungary, with a CAGR of +10.4%, recorded 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 more modest paces of growth.

Import Prices by Country

In 2021, the average road tractor for semi-trailer import price amounted to $X per unit, picking up by 22% against the previous year. In general, the import price, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 30% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a 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 Netherlands ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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