Report Update: May 1, 2024

Ghana - Castors With Mountings Of Base Metal - Market Analysis, Forecast, Size, Trends And Insights

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Metal Castor Mounting Price in Ghana - 2022

Metal Castor Mounting Price in Ghana (CIF) - 2022

In 2022, the average metal castor mounting import price amounted to $4,866 per ton, falling by -6.5% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal castor mounting import price increased by +37.4% against 2019 indices. The growth pace was the most rapid in 2014 when the average import price increased by 46%. The import price peaked at $5,206 per ton in 2021, and then declined in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($4,705 per ton), while the price for Spain totaled $3,318 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.9%).

Metal Castor Mounting Price in Ghana (FOB) - 2022

In 2022, the average metal castor mounting export price amounted to $6,239 per ton, reducing by -3.4% against the previous year. Overall, the export price, however, enjoyed a moderate expansion. The pace of growth was the most pronounced in 2015 an increase of 346%. As a result, the export price attained the peak level of $16,467 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($6,627 per ton), while the average price for exports to Burkina Faso stood at $533 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+5.2%).

Metal Castor Mounting Imports in Ghana

After three years of growth, overseas purchases of castors with mountings of base metal decreased by -8.8% to 358 tons in 2022. The total import volume increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 21%. As a result, imports attained the peak of 392 tons, and then contracted in the following year.

In value terms, metal castor mounting imports declined to $1.7M in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year.

Import of Metal Castor Mounting in Ghana (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	680	1,152	1,958	1,648	34.3%
Spain	1.2	195	0.9	4.6	56.5%
Others	273	90.3	83.2	87.0	-31.7%
Total	955	1,438	2,042	1,740	22.1%

Top Suppliers of Metal Castor Mounting to Ghana in 2022:

China (350.3 tons)
Spain (1.4 tons)

Metal Castor Mounting Exports in Ghana

In 2022, the amount of castors with mountings of base metal exported from Ghana fell markedly to 472 kg, with a decrease of -39.1% on the previous year. In general, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 262%. As a result, the exports attained the peak of 775 kg, and then contracted notably in the following year.

In value terms, metal castor mounting exports dropped rapidly to $2.9K in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 465%. As a result, the exports attained the peak of $5K, and then contracted sharply in the following year.

Export of Metal Castor Mounting in Ghana (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cote d'Ivoire	0.3	0.9	5.0	2.9	113.0%
Lebanon	0.1	N/A	N/A	N/A	0%
Burkina Faso	0.1	N/A	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	0.5	0.9	5.0	2.9	79.7%

Top Export Markets for Metal Castor Mounting from Ghana in 2022:

Cote d'Ivoire (442.0 kg)
Burkina Faso (30.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal castor mounting 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 25721420 - Castors with mountings of base metal

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023