Ghana - Motor Vehicles Compression-Ignition Internal Combustion Piston Engines - Market Analysis, Forecast, Size, Trends and Insights
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View PricingInternal Combustion Engines Price in Ghana - 2022
Contents:
- Internal Combustion Engines Price in Ghana (CIF) - 2022
- Internal Combustion Engines Price in Ghana (FOB) - 2022
- Internal Combustion Engines Imports in Ghana
- Internal Combustion Engines Exports in Ghana
Internal Combustion Engines Price in Ghana (CIF) - 2022
The average internal combustion engines import price stood at $1,542 per unit in 2022, dropping by -9.9% against the previous year. Over the period under review, the import price faced a abrupt decline. The growth pace was the most rapid in 2015 an increase of 21%. The import price peaked at $6,088 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 Japan ($7,751 per unit), while the price for Sweden ($319 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.9%), while the prices for the other major suppliers experienced a decline.
Internal Combustion Engines Price in Ghana (FOB) - 2022
The average internal combustion engines export price stood at $9,254 per unit in 2022, dropping by -12.4% against the previous year. Over the period under review, the export price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 103% against the previous year. The export price peaked at $10,568 per unit in 2021, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($29,223 per unit), while the average price for exports to Togo ($882 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 the Netherlands (+476.9%), while the prices for the other major destinations experienced more modest paces of growth.
Internal Combustion Engines Imports in Ghana
After three years of growth, purchases abroad of motor vehicles compression-ignition internal combustion piston engines decreased by -23.6% to 7.3K units in 2022. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 176% against the previous year. Over the period under review, imports attained the maximum at 9.5K units in 2021, and then dropped sharply in the following year.
In value terms, internal combustion engines imports fell sharply to $11M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 191%. Imports peaked at $16M in 2021, and then fell significantly in the following year.
Import of Internal Combustion Engines in Ghana (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 2.6 | 8.6 | 10.2 | 5.1 | 25.2% |
China | 0.7 | 1.7 | 1.0 | 1.4 | 26.0% |
Belgium | 0.1 | 0.3 | 0.3 | 0.7 | 91.3% |
Bulgaria | N/A | 0.2 | 0.1 | 0.2 | 0.0% |
Italy | N/A | 0.1 | 0.2 | 0.1 | 0.0% |
Poland | N/A | 0.1 | 0.2 | 0.1 | 0.0% |
Norway | N/A | N/A | 0.1 | N/A | 0% |
Others | 1.3 | 2.7 | 4.3 | 3.7 | 41.7% |
Total | 4.7 | 13.8 | 16.3 | 11.2 | 33.6% |
Top Suppliers of Internal Combustion Engines to Ghana in 2022:
- China (2560.0 units)
- South Korea (660.0 units)
- Poland (275.0 units)
- Italy (208.0 units)
- Bulgaria (136.0 units)
- Belgium (119.0 units)
- Norway (113.0 units)
Internal Combustion Engines Exports in Ghana
For the third year in a row, Ghana recorded decline in overseas shipments of motor vehicles compression-ignition internal combustion piston engines, which decreased by -9.5% to 19 units in 2022. Overall, exports saw a sharp setback. Over the period under review, the exports reached the peak figure at 59 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, internal combustion engines exports fell significantly to $176K in 2022. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 9.6%. As a result, the exports reached the peak of $238K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Internal Combustion Engines in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 87.9 | 71.2 | 60.3 | 74.9 | -5.2% |
Burkina Faso | 52.9 | 34.8 | 66.7 | 29.2 | -18.0% |
Belgium | 20.7 | 0.4 | 3.1 | 27.9 | 10.5% |
Egypt | 1.6 | N/A | N/A | 1.2 | -9.1% |
Togo | 0.1 | N/A | N/A | 0.9 | 108.0% |
Guyana | N/A | N/A | 19.9 | N/A | 0% |
Australia | 10.5 | 15.3 | N/A | N/A | 45.7% |
Cote d'Ivoire | 14.2 | 13.0 | 68.8 | N/A | 120.1% |
Mali | 3.2 | N/A | N/A | N/A | 0% |
Netherlands | 2.1 | 49.0 | N/A | N/A | 2233.3% |
Others | 24.3 | 54.8 | 3.1 | 41.8 | 19.8% |
Total | 218 | 238 | 222 | 176 | -6.9% |
Top Export Markets for Internal Combustion Engines from Ghana in 2022:
- Belgium (8.0 units)
- United States (7.0 units)
- Egypt (1.0 units)
- Togo (1.0 units)
- Burkina Faso (1.0 units)
This report provides an in-depth analysis of the internal combustion engines 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 29101300 - Vehicle compression-ignition internal combustion piston engines (diesel or semi-diesel) (excluding for railway or tramway rolling stock)
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
This report provides an in-depth analysis of the internal combustion engines market in Ghana.
This report provides an in-depth analysis of the market for diesel engines (other than for motor vehicles and aircraft) in Ghana.
This report provides an in-depth analysis of the global internal combustion engines market.
This report provides an in-depth analysis of the global market for diesel engines (other than for motor vehicles and aircraft).
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This report provides an in-depth analysis of the internal combustion engines market in Ghana.
This report provides an in-depth analysis of the market for diesel engines (other than for motor vehicles and aircraft) in Ghana.
This report provides an in-depth analysis of the global internal combustion engines market.
This report provides an in-depth analysis of the global market for diesel engines (other than for motor vehicles and aircraft).
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Explore the top import markets for internal combustion engines around the world. Learn about the key statistics and import values of countries like Mexico, Germany, United States, and more. Discover the market insights with IndexBox platform.
Global diesel engine imports amounted to X tons in 2016, shrinking by -X% against the previous year figure. In general, diesel engine imports continue to indicate a relatively flat trend pattern....
Global diesel engine imports amounted to X tons in 2016, shrinking by -X% against the previous year figure. In general, diesel engine imports continue to indicate a relatively flat trend pattern....
Japan held onto its second place position in the global diesel engine trade. In 2014, Japan exported X thousand tons of diesel engines totaling X billion USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied
Explore the top import markets for internal combustion engines around the world. Learn about the key statistics and import values of countries like Mexico, Germany, United States, and more. Discover the market insights with IndexBox platform.
Global diesel engine imports amounted to X tons in 2016, shrinking by -X% against the previous year figure. In general, diesel engine imports continue to indicate a relatively flat trend pattern....
Global diesel engine imports amounted to X tons in 2016, shrinking by -X% against the previous year figure. In general, diesel engine imports continue to indicate a relatively flat trend pattern....
Japan held onto its second place position in the global diesel engine trade. In 2014, Japan exported X thousand tons of diesel engines totaling X billion USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied