Ghana: Ac/Dc Motor Market 2024

Ac/Dc Motor Market Size in Ghana

The Ghanian AC/DC motor market stood at $X in 2022, growing by X% 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). In general, consumption continues to indicate a prominent expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Ac/Dc Motor Exports

Exports from Ghana

In 2022, the amount of AC/DC motors exported from Ghana soared to X units, rising by X% against 2021. Overall, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, AC/DC motor exports soared to $X in 2022. Over the period under review, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units), Cote d'Ivoire (X units) and South Africa (X units) were the main destinations of AC/DC motor exports from Ghana, with a combined X% share of total exports. Burkina Faso, the United States, Italy and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X) emerged as the key foreign market for AC/DC motors exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Belgium, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Belgium (X% per year).

Export Prices by Country

The average AC/DC motor export price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2015 an increase of X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, 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 the United States ($X per unit), while the average price for exports to Belgium ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ac/Dc Motor Imports

Imports into Ghana

In 2022, the amount of AC/DC motors imported into Ghana expanded slightly to X units, growing by X% against 2021. Over the period under review, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, AC/DC motor imports shrank to $X in 2022. Overall, imports continue to indicate a tangible increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of AC/DC motor to Ghana, accounting for a X% share of total imports. Moreover, AC/DC motor imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), sevenfold. Malaysia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Malaysia (X% per year).

In value terms, the United Arab Emirates ($X), China ($X) and India ($X) were the largest AC/DC motor suppliers to Ghana, with a combined X% share of total imports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average AC/DC motor import price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average 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 Arab Emirates ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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