Motorcycle Tire Price in Ghana - 2022
Contents:
- Motorcycle Tire Price in Ghana (CIF) - 2022
- Motorcycle Tire Price in Ghana (FOB) - 2022
- Motorcycle Tire Imports in Ghana
- Motorcycle Tire Exports in Ghana
Motorcycle Tire Price in Ghana (CIF) - 2022
In 2022, the average motorcycle tire import price amounted to $36 per unit, approximately equating the previous year. Over the period under review, the import price recorded noticeable growth. The pace of growth was the most pronounced in 2015 an increase of 769%. As a result, import price attained the peak level of $301 per unit. From 2016 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +7.0% per year.
Motorcycle Tire Price in Ghana (FOB) - 2022
In 2022, the average motorcycle tire export price amounted to $36 per unit, flattening at the previous year. Over the last decade, it increased at an average annual rate of +4.7%. The most prominent rate of growth was recorded in 2013 an increase of 57%. Over the period under review, the average export prices attained the peak figure at $37 per unit in 2021, and then reduced slightly in the following year.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($37 per unit), while the average price for exports to Togo amounted to $36 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+4.7%).
Motorcycle Tire Imports in Ghana
In 2022, after three years of growth, there was decline in supplies from abroad of new pneumatic tyres for motorcycles, when their volume decreased by -1.9% to 41K units. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 3.9%. Over the period under review, imports reached the maximum at 41K units in 2021, and then fell slightly in the following year.
In value terms, motorcycle tire imports reduced slightly to $1.5M in 2022. The total import value increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 2.1% against the previous year. As a result, imports reached the peak of $1.5M, and then shrank modestly in the following year.
| Import of Motorcycle Tire in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | 1.4 | 1.5 | 1.5 | 3.5% |
| China | 1.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.4 | 1.4 | 1.5 | 1.5 | 2.3% |
Top Suppliers of Motorcycle Tire to Ghana in 2022:
- United Arab Emirates (40.6K units)
Motorcycle Tire Exports in Ghana
In 2022, after three years of growth, there was significant decline in overseas shipments of new pneumatic tyres for motorcycles, when their volume decreased by -5.6% to 24K units. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 89% against the previous year. Over the period under review, the exports hit record highs at 26K units in 2021, and then fell in the following year.
In value terms, motorcycle tire exports declined to $878K in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 101%. The exports peaked at $939K in 2021, and then shrank in the following year.
| Export of Motorcycle Tire in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 402 | 813 | 937 | 736 | 22.3% |
| Togo | N/A | 4.6 | 1.3 | 142 | 455.6% |
| Others | 5.2 | 0.1 | N/A | N/A | -98.1% |
| Total | 407 | 818 | 939 | 878 | 29.2% |
Top Export Markets for Motorcycle Tire from Ghana in 2022:
- Cote d'Ivoire (20.1K units)
- Togo (4.0K units)
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