Report Update Nov 1, 2024

Ghana - Tamping or Compacting Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Tamping Machinery Market 2024

Tamping Machinery Market Size in Ghana

The Ghanian tamping machinery market skyrocketed to $X in 2021, growing by 115% 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, however, showed a pronounced downturn. Tamping machinery consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Tamping Machinery Exports

Exports from Ghana

In 2021, the amount of tamping or compacting machinery exported from Ghana shrank to X units, which is down by -8.3% on the year before. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 300%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, tamping machinery exports reached $X in 2021. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 240%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X units) was the main destination for tamping machinery exports from Ghana, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Burkina Faso stood at +3.6%.

In value terms, Cote d'Ivoire ($X) remains the key foreign market for tamping or compacting machinery exports from Ghana, comprising 97% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a 3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Cote d'Ivoire totaled -7.2%.

Export Prices by Country

The average tamping machinery export price stood at $X per unit in 2021, picking up by 9.6% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 26% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Burkina Faso.

From 2012 to 2021, the rate of growth in terms of prices for Burkina Faso amounted to -22.9% per year.

Tamping Machinery Imports

Imports into Ghana

Tamping machinery imports into Ghana surged to X units in 2021, picking up by 128% against the previous year. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, tamping machinery imports soared to $X in 2021. Overall, imports, however, saw a abrupt setback. The growth pace was the most rapid in 2017 when imports increased by 83%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main tamping machinery supplier to Ghana, with a 93% share of total imports. It was followed by Burkina Faso (X units), with a 1.7% share of total imports. The UK (X units) ranked third in terms of total imports with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Burkina Faso (+23.6% per year) and the UK (-29.5% per year).

In value terms, China ($X) constituted the largest supplier of tamping or compacting machinery to Ghana, comprising 31% of total imports. The second position in the ranking was taken by Burkina Faso ($X), with a 7.1% share of total imports. It was followed by the UK, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Burkina Faso (+19.8% per year) and the UK (-11.8% per year).

Import Prices by Country

The average tamping machinery import price stood at $X per unit in 2021, waning by -24.2% against the previous year. In general, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 90% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+24.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tamping or compacting machinery in the world?

The country with the largest volume of tamping machinery consumption was South Africa, accounting for 37% of total volume. Moreover, tamping machinery consumption in South Africa exceeded the figures recorded by the second-largest consumer, China, twofold. The third position in this ranking was occupied by the United States, with a 9.7% share.

What are the largest producers of tamping or compacting machinery in the world?

China remains the largest tamping machinery producing country worldwide, comprising approx. 52% of total volume. Moreover, tamping machinery production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. India ranked third in terms of total production with a 9.6% share.

What are the leading suppliers of tamping or compacting machinery to Ghana?

In value terms, China constituted the largest supplier of tamping machinery to Ghana, comprising 67% of total imports. The second position in the ranking was occupied by India, with a 10% share of total imports. It was followed by Malaysia, with a 4.5% share.

What are the leading importers of tamping or compacting machinery from Ghana?

In value terms, Burkina Faso remains the key foreign market for tamping machinery exports from Ghana, comprising 87% of total exports. The second position in the ranking was occupied by Cote d'Ivoire, with a 13% share of total exports.

What is the average export price for tamping or compacting machinery in Ghana?

In 2021, the average tamping machinery export price amounted to $2,699 per unit, declining by -17.6% against the previous year.

What is the average import price for tamping or compacting machinery in Ghana?

In 2021, the average tamping machinery import price amounted to $660 per unit, falling by -4.7% against the previous year.

This report provides an in-depth analysis of the tamping machinery 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 28923050 - (Towed and hand-held compaction equipment) Tamping or compacting machinery (excluding self-propelled)

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