Ghana: Wheeled Loader Market 2025

Wheeled Loader Market Size in Ghana

In 2021, the Ghanian wheeled loader market increased by 2.8% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a abrupt downturn. Wheeled loader consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Wheeled Loader Exports

Exports from Ghana

In 2021, after two years of growth, there was significant decline in overseas shipments of wheeled loaders, crawler shovel loaders, front-end loaders, when their volume decreased by -75% to X units. Over the period under review, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 100%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, wheeled loader exports declined dramatically to $X in 2021. Overall, exports showed a deep downturn. The growth pace was the most rapid in 2019 with an increase of 165% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Egypt (X units) was the main destination for wheeled loader exports from Ghana, accounting for a approx. 50% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Egypt was relatively modest.

In value terms, Benin ($X) remains the key foreign market for wheeled loaders, crawler shovel loaders, front-end loaders exports from Ghana, comprising 30% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 6.9% share of total exports. It was followed by the United States, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to Benin amounted to +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-7.6% per year) and the United States (-5.9% per year).

Export Prices by Country

In 2021, the average wheeled loader export price amounted to $X per unit, dropping by -40.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 46% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then plummeted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while the average price for exports to Nigeria ($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 (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Loader Imports

Imports into Ghana

In 2021, the amount of wheeled loaders, crawler shovel loaders, front-end loaders imported into Ghana fell to X units, declining by -11.7% compared with the previous year's figure. Over the period under review, imports faced a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 44% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, wheeled loader imports expanded slightly to $X in 2021. In general, imports, however, posted a temperate expansion. The pace of growth appeared the most rapid in 2020 with an increase of 103%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of wheeled loader to Ghana, accounting for a 47% share of total imports. Moreover, wheeled loader imports from Japan exceeded the figures recorded by the second-largest supplier, Finland (X units), threefold. Denmark (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-10.0% per year) and Denmark (+37.0% per year).

In value terms, China ($X) constituted the largest supplier of wheeled loaders, crawler shovel loaders, front-end loaders to Ghana, comprising 42% of total imports. The second position in the ranking was held by Finland ($X), with an 8.8% share of total imports. It was followed by Belgium, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+4.0% per year) and Belgium (-8.8% per year).

Import Prices by Country

The average wheeled loader import price stood at $X per unit in 2021, rising by 16% against the previous year. Over the period under review, the import price posted a significant expansion. The pace of growth was the most pronounced in 2015 an increase of 94%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+77.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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