Ghana: Transport Container Market 2024

Transport Container Market Size in Ghana

The Ghanian transport container market contracted to $X in 2022, declining by -8.1% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Transport container consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Transport Container Production in Ghana

In value terms, transport container production declined to $X in 2022 estimated in export price. In general, production, however, continues to indicate a notable increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 156% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Transport Container Exports

Exports from Ghana

In 2022, approx. X units of transport containers were exported from Ghana; with an increase of 23% on the previous year's figure. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2016 when exports increased by 631%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, transport container exports soared to $X in 2022. Over the period under review, exports saw buoyant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 308% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X units), Benin (X units) and South Africa (X units) were the main destinations of transport container exports from Ghana, with a combined 62% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Democratic Republic of the Congo (with a CAGR of +386.0%), while the other leaders experienced more modest paces of growth.

In value terms, Democratic Republic of the Congo ($X), Benin ($X) and Guinea ($X) appeared to be the largest markets for transport container exported from Ghana worldwide, together comprising 59% of total exports.

Democratic Republic of the Congo, with a CAGR of +98.1%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the average transport container export price amounted to $X per unit, picking up by 9.4% against the previous year. In general, the export price, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by 232% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($X per unit), while the average price for exports to South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (-2.0%), while the prices for the other major destinations experienced a decline.

Transport Container Imports

Imports into Ghana

In 2022, overseas purchases of transport containers decreased by -4.1% to X units, falling for the third consecutive year after two years of growth. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 93%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, transport container imports declined remarkably to $X in 2022. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 84%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest transport container supplier to Ghana, with a 31% share of total imports. Moreover, transport container imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X units), threefold. The third position in this ranking was held by Finland (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (0.0% per year) and Finland (+29.5% per year).

In value terms, the largest transport container suppliers to Ghana were South Africa ($X), Morocco ($X) and China ($X), together comprising 59% of total imports.

Among the main suppliers, Morocco, with a CAGR of +73.3%, recorded the highest rates of growth with regard to the value of imports, 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 transport container import price amounted to $X per unit, with a decrease of -14.6% against the previous year. Overall, the import price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 86% against the previous year. The import price peaked at $X per unit in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+40.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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