Report Update Jan 1, 2025

Ghana - Trucks - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Truck Market 2025

Truck Exports

Exports from Ghana

In 2022, approx. X units of trucks were exported from Ghana; surging by 24% compared with 2021. Over the period under review, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 229%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, truck exports surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of 76% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Togo (X units), Benin (X units) and Cote d'Ivoire (X units) were the main destinations of truck exports from Ghana, together comprising 92% of total exports. These countries were followed by Burkina Faso, which accounted for a further 8.3%.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of +11.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Togo ($X), Benin ($X) and Cote d'Ivoire ($X) were the largest markets for truck exported from Ghana worldwide, with a combined 88% share of total exports. These countries were followed by Burkina Faso, which accounted for a further 12%.

Burkina Faso, with a CAGR of +3.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average truck export price amounted to $X per unit, with an increase of 32% against the previous year. Overall, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 811% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Togo ($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 Cote d'Ivoire (+1.0%), while the prices for the other major destinations experienced a decline.

Truck Imports

Imports into Ghana

In 2022, imports of trucks into Ghana fell to X units, dropping by -8.7% compared with the year before. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2015 when imports increased by 342% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, truck imports declined to $X in 2022. Overall, imports showed a abrupt decline. The growth pace was the most rapid in 2015 with an increase of 110% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest truck supplier to Ghana, with a 85% share of total imports. Moreover, truck imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. South Korea (X units) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled +34.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-20.1% per year) and South Korea (-27.3% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of trucks to Ghana, comprising 64% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Germany, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.0% per year) and Germany (-19.8% per year).

Import Prices by Country

In 2022, the average truck import price amounted to $X per unit, which is down by -6.8% against the previous year. Overall, the import price, however, showed a moderate expansion. The growth pace was the most rapid in 2014 an increase of 138%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+22.6%), 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 trucks in the world?

Saudi Arabia remains the largest truck consuming country worldwide, comprising approx. 86% of total volume. Moreover, truck consumption in Saudi Arabia exceeded the figures recorded by the second-largest consumer, China, more than tenfold. The third position in this ranking was occupied by the United States, with a 1.8% share.

What are the largest producers of trucks in the world?

The countries with the highest volumes of truck production in 2020 were China, Japan and Mexico, together comprising 56% of global production.

What are the leading suppliers of trucks to Ghana?

In value terms, the largest truck suppliers to Ghana were China, South Africa and South Korea, with a combined 58% share of total imports.

What are the leading importers of trucks from Ghana?

In value terms, Cote d'Ivoire remains the key foreign market for truck exports from Ghana, comprising 66% of total exports. The second position in the ranking was occupied by Togo, with a 15% share of total exports. It was followed by Burkina Faso, with a 5.2% share.

What is the average export price for trucks in Ghana?

The average truck export price stood at $38,915 per unit in 2020, jumping by 43% against the previous year.

What is the average import price for trucks in Ghana?

The average truck import price stood at $7,156 per unit in 2020, with a decrease of -2.1% against the previous year.

This report provides an in-depth analysis of the truck 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 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new

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