Report Update Mar 1, 2025

Ghana - Spades and Shovels - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Spades And Shovels Market 2025

Spades And Shovels Market Size in Ghana

For the fifth year in a row, the Ghanian spades and shovels market recorded growth in sales value, which increased by 2.5% to $X in 2021. Over the period under review, consumption, however, recorded a remarkable increase. Spades and shovels consumption peaked in 2021 and is expected to retain growth in the near future.

Spades And Shovels Exports

Exports from Ghana

In 2021, overseas shipments of spades and shovels decreased by -19.6% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2014 with an increase of 68% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, spades and shovels exports reached $X in 2021. Overall, exports showed a pronounced reduction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for spades and shovels exports from Ghana, accounting for a 85% share of total exports. Moreover, spades and shovels exports to Burkina Faso exceeded the volume sent to the second major destination, Togo (X tons), eightfold. The third position in this ranking was taken by Cote d'Ivoire (X kg), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to Burkina Faso was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+19.7% per year) and Cote d'Ivoire (+17.8% per year).

In value terms, Burkina Faso ($X) remains the key foreign market for spades and shovels exports from Ghana, comprising 84% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with an 8.8% share of total exports. It was followed by Togo, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Burkina Faso stood at +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+24.4% per year) and Togo (+32.0% per year).

Export Prices by Country

The average spades and shovels export price stood at $X per ton in 2021, growing by 25% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 65%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, 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 Cote d'Ivoire ($X per ton), while the average price for exports to Liberia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Spades And Shovels Imports

Imports into Ghana

In 2021, after four years of growth, there was significant decline in overseas purchases of spades and shovels, when their volume decreased by -28.1% to X tons. Overall, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of 356%. Imports peaked at X tons in 2020, and then fell significantly in the following year.

In value terms, spades and shovels imports skyrocketed to $X in 2021. Over the period under review, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 363% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main supplier of spades and shovels to Ghana, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +5.1%.

In value terms, China ($X) constituted the largest supplier of spades and shovels to Ghana.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +15.6%.

Import Prices by Country

In 2021, the average spades and shovels import price amounted to $X per ton, surging by 60% against the previous year. Over the period under review, the import price posted a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +9.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for spades and shovels in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 36% of global consumption. These countries were followed by Mexico, Japan, Germany, Indonesia, Togo, the UK, Brazil, Russia and Turkey, which together accounted for a further 25%.

What are the largest producers of spades and shovels in the world?

China constituted the country with the largest volume of spades and shovels production, comprising approx. 54% of total volume. Moreover, spades and shovels production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. Mexico ranked third in terms of total production with a 6% share.

What are the leading suppliers of spades and shovels to Ghana?

In value terms, China constituted the largest supplier of spades and shovels to Ghana.

What are the leading importers of spades and shovels from Ghana?

In value terms, Burkina Faso remains the key foreign market for spades and shovels exports from Ghana, comprising 71% of total exports. The second position in the ranking was occupied by Cote d'Ivoire, with a 26% share of total exports.

What is the average export price for spades and shovels in Ghana?

In 2021, the average spades and shovels export price amounted to $3,153 per ton, picking up by 7.4% against the previous year.

What is the average import price for spades and shovels in Ghana?

In 2021, the average spades and shovels import price amounted to $1,690 per ton, declining by -13.1% against the previous year.

This report provides an in-depth analysis of the spades and shovels 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 25731010 - Spades and shovels

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024