Report Update Nov 1, 2024

Ghana - Safety Seat Belts - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Safety Seat Belt Market 2024

Safety Seat Belt Market Size in Ghana

In 2022, the Ghanian safety seat belt market decreased by -80.4% to $X, falling for the second consecutive year after two years of growth. Overall, consumption continues to indicate a noticeable shrinkage. 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.

Safety Seat Belt Exports

Exports from Ghana

After two years of growth, shipments abroad of safety seat belts decreased by -26.5% to X units in 2022. Overall, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 857% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then declined dramatically in the following year.

In value terms, safety seat belt exports shrank rapidly to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 1,713%. The exports peaked at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Belgium (X units) was the main destination for safety seat belt exports from Ghana, with a 82% share of total exports. Moreover, safety seat belt exports to Belgium exceeded the volume sent to the second major destination, Burkina Faso (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at +25.6%.

In value terms, Belgium ($X) remains the key foreign market for safety seat belts exports from Ghana, comprising 73% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at +28.6%.

Export Prices by Country

In 2022, the average safety seat belt export price amounted to $X per unit, increasing by 2.2% against the previous year. In general, the export price saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 105%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while the average price for exports to Belgium totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+11.2%), while the prices for the other major destinations experienced mixed trend patterns.

Safety Seat Belt Imports

Imports into Ghana

In 2022, overseas purchases of safety seat belts decreased by -82.6% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports saw a pronounced shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 726% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, safety seat belt imports stood at $X in 2022. In general, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2020 when imports increased by 86%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X units) constituted the largest safety seat belt supplier to Ghana, accounting for a 31% share of total imports. Moreover, safety seat belt imports from Spain exceeded the figures recorded by the second-largest supplier, South Korea (X units), twofold. Brazil (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+4.0% per year) and Brazil (+38.9% per year).

In value terms, the largest safety seat belt suppliers to Ghana were Brazil ($X), the United States ($X) and Finland ($X), together comprising 54% of total imports.

Brazil, with a CAGR of +40.5%, saw the highest rates of growth with regard to the value of imports, among 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 2022, the average safety seat belt import price amounted to $X per unit, surging by 541% against the previous year. Overall, the import price saw a pronounced expansion. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for safety seat belts in the world?

The United States constituted the country with the largest volume of safety seat belt consumption, comprising approx. 70% of total volume. Moreover, safety seat belt consumption in the United States exceeded the figures recorded by the second-largest consumer, Romania, eightfold. The third position in this ranking was occupied by Mexico, with a 4.9% share.

What are the largest producers of safety seat belts in the world?

The country with the largest volume of safety seat belt production was the United States, comprising approx. 67% of total volume. Moreover, safety seat belt production in the United States exceeded the figures recorded by the second-largest producer, Romania, fivefold. Mexico ranked third in terms of total production with a 6.4% share.

What are the leading suppliers of safety seat belts to Ghana?

In value terms, the largest safety seat belt suppliers to Ghana were the UK, Brazil and Italy, together comprising 51% of total imports.

What are the leading importers of safety seat belts from Ghana?

In value terms, Belgium emerged as the key foreign market for safety seat belt exports from Ghana, comprising 73% of total exports. The second position in the ranking was occupied by Burkina Faso $512), with a 27% share of total exports.

What is the average export price for safety seat belts in Ghana?

In 2021, the average safety seat belt export price amounted to $55,765 per ton, which is down by -4.3% against the previous year.

What is the average import price for safety seat belts in Ghana?

The average safety seat belt import price stood at $12,307 per ton in 2021, rising by 85% against the previous year.

This report provides an in-depth analysis of the safety seat belt 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 29322030 - Safety seat belts

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