Ghana - Boring Or Sinking Machinery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBoring Machinery Price in Ghana - 2022
Contents:
- Boring Machinery Price in Ghana (CIF) - 2022
- Boring Machinery Price in Ghana (FOB) - 2022
- Boring Machinery Imports in Ghana
- Boring Machinery Exports in Ghana
Boring Machinery Price in Ghana (CIF) - 2022
The average boring machinery import price stood at $110,267 per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price showed a abrupt setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by 122% against the previous year. Over the period under review, average import prices attained the maximum at $326,632 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($154,139 per unit), while the price for Belgium ($856 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+60.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Boring Machinery Price in Ghana (FOB) - 2022
In 2022, the average boring machinery export price amounted to $108,868 per unit, reducing by -8.4% against the previous year. Overall, the export price, however, saw buoyant growth. The pace of growth appeared the most rapid in 2015 an increase of 98% against the previous year. The export price peaked at $223,575 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($306,335 per unit), while the average price for exports to the Netherlands ($258 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 Uganda (+58.5%), while the prices for the other major destinations experienced more modest paces of growth.
Boring Machinery Imports in Ghana
In 2022, imports of boring or sinking machinery into Ghana rose rapidly to 62 units, increasing by 8.8% on the previous year. In general, imports showed a relatively flat trend pattern. Imports peaked at 66 units in 2020; however, from 2021 to 2022, imports failed to regain momentum.
In value terms, boring machinery imports totaled $6.8M in 2022. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $7.3M in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
| Import of Boring Machinery in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1,501 | 2,624 | 2,778 | 3,230 | 29.1% |
| Sweden | 1,584 | 19.9 | 16.4 | 669 | -25.0% |
| Japan | 217 | 351 | 343 | 369 | 19.4% |
| Germany | 300 | 62.0 | 295 | 288 | -1.4% |
| South Africa | 105 | 223 | 146 | 154 | 13.6% |
| Tanzania | 0.3 | 78.1 | 137 | 134 | 664.4% |
| Burkina Faso | 1,334 | 1,017 | 173 | 74.8 | -61.7% |
| Liberia | 57.7 | 80.6 | 68.1 | 63.3 | 3.1% |
| China | 7.9 | 21.5 | 176 | 48.9 | 83.6% |
| United States | 516 | 122 | 37.5 | 16.9 | -68.0% |
| Australia | 79.6 | 909 | 412 | 14.6 | -43.2% |
| Others | 1,162 | 1,793 | 1,789 | 1,775 | 15.2% |
| Total | 6,864 | 7,300 | 6,373 | 6,837 | -0.1% |
Top Suppliers of Boring Machinery to Ghana in 2022:
- Singapore (38.0 units)
- Sweden (5.0 units)
- China (5.0 units)
- Japan (3.0 units)
- Liberia (2.0 units)
- Tanzania (2.0 units)
- Germany (2.0 units)
- Australia (1.0 units)
- South Africa (1.0 units)
- United States (1.0 units)
- Burkina Faso (1.0 units)
Boring Machinery Exports in Ghana
In 2022, the amount of boring or sinking machinery exported from Ghana expanded rapidly to 12 units, increasing by 9.1% on 2021. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 333%. As a result, the exports attained the peak of 13 units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, boring machinery exports dropped slightly to $1.3M in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 327% against the previous year. Over the period under review, the exports reached the peak figure at $1.3M in 2021, and then fell slightly in the following year.
| Export of Boring Machinery in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 58.3 | 252 | 331 | 493 | 103.7% |
| Burkina Faso | 118 | 432 | 291 | 306 | 37.4% |
| Mali | 40.1 | 144 | 157 | 193 | 68.8% |
| Cameroon | 26.6 | 102 | 119 | 158 | 81.1% |
| Mauritania | 15.9 | 50.9 | 49.7 | 54.9 | 51.1% |
| Togo | 15.3 | 36.1 | 0.6 | 41.5 | 39.5% |
| South Africa | 2.6 | 26.3 | 25.6 | 27.8 | 120.3% |
| Niger | 3.8 | 11.4 | 10.5 | 11.0 | 42.5% |
| Angola | 2.7 | 8.1 | 6.1 | 10.6 | 57.8% |
| Malawi | N/A | N/A | N/A | 5.0 | 0% |
| Cote d'Ivoire | 7.2 | 244 | 316 | 4.9 | -12.0% |
| Netherlands | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
| Others | 15.5 | N/A | N/A | N/A | 0% |
| Total | 306 | 1,306 | 1,307 | 1,306 | 62.2% |
Top Export Markets for Boring Machinery from Ghana in 2022:
- Cameroon (23.0 units)
- Mali (6.0 units)
- Australia (2.0 units)
- Mauritania (1.0 units)
- Angola (1.0 units)
- South Africa (1.0 units)
- Burkina Faso (1.0 units)
- Malawi (1.0 units)
- Togo (1.0 units)
- Netherlands (1.0 units)
- Niger (1.0 units)
- Cote d'Ivoire (1.0 units)
This report provides an in-depth analysis of the boring 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 28921255 - Boring or sinking machinery (including fixed platforms used for oil or natural gas exploration) (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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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