Ghana: Starter Motor Market 2025

Starter Motor Market Size in Ghana

In 2021, the Ghanian starter motor market increased by 64% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Starter Motor Exports

Exports from Ghana

In 2021, overseas shipments of starter motors and dual purpose starter generators increased by 55% to X units, rising for the second consecutive year after two years of decline. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 463% against the previous year. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, starter motor exports soared to $X in 2021. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 490%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The UK (X units) was the main destination for starter motor exports from Ghana, with a 76% share of total exports. Moreover, starter motor exports to the UK exceeded the volume sent to the second major destination, Cote d'Ivoire (X units), sixfold. Belgium (X units) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+69.6% per year) and Belgium (+25.7% per year).

In value terms, the UK ($X) remains the key foreign market for starter motors and dual purpose starter generators exports from Ghana, comprising 79% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 9.6% share of total exports. It was followed by Belgium, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at +16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+32.3% per year) and Belgium (+17.3% per year).

Export Prices by Country

The average starter motor export price stood at $X per unit in 2021, reducing by -25.5% against the previous year. Overall, the export price, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2019 an increase of 43%. The export price peaked at $X per unit in 2020, and then fell rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Nigeria ($X per unit), while the average price for exports to Cote d'Ivoire ($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 the United States (+71.4%), while the prices for the other major destinations experienced more modest paces of growth.

Starter Motor Imports

Imports into Ghana

In 2021, purchases abroad of starter motors and dual purpose starter generators increased by 64% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2015 with an increase of 169% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, starter motor imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 268% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest starter motor supplier to Ghana, accounting for a 73% share of total imports. Moreover, starter motor imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Oman (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +88.3%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of starter motors and dual purpose starter generators to Ghana, comprising 72% of total imports. The second position in the ranking was taken by Oman ($X), with a 28% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +75.8%.

Import Prices by Country

In 2021, the average starter motor import price amounted to $X per unit, almost unchanged from the previous year. In general, the import price saw a deep slump. The most prominent rate of growth was recorded in 2015 an increase of 37% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Oman ($X per unit), while the price for the United Arab Emirates amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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