Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ghana - 2023
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ghana (CIF) - 2022
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ghana (FOB) - 2022
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ghana
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ghana
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ghana (CIF) - 2022
The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $11,319 per ton in 2022, reducing by -27.4% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 103%. The import price peaked at $24,744 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cote d'Ivoire ($50,053 per ton), while the price for China ($2,163 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ghana (FOB) - 2022
The average export price for machines and mechanical appliances; parts, of those having individual functionses stood at $22,985 per ton in 2022, growing by 17% against the previous year. Over the period under review, the export price saw a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of 603%. As a result, the export price reached the peak level of $84,045 per ton. From 2020 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 ($44,822 per ton), while the average price for exports to Belgium ($5,511 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ghana
Imports of machines and mechanical appliances; parts, of those having individual functionses into Ghana surged to 1.3K tons in 2022, increasing by 22% compared with the previous year's figure. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses fell to $15M in 2022. In general, imports enjoyed a strong expansion.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.1 | N/A | 0.2 | 4.6 | 258.3% |
| United Kingdom | 2.1 | N/A | 1.1 | 3.0 | 12.6% |
| United States | 5.4 | N/A | 2.8 | 1.5 | -34.8% |
| Belgium | 0.4 | N/A | 0.2 | 0.9 | 31.0% |
| China | 0.1 | N/A | 0.8 | 0.8 | 100.0% |
| Singapore | 0.8 | N/A | 0.1 | 0.6 | -9.1% |
| India | 0.5 | N/A | 1.9 | 0.4 | -7.2% |
| Malaysia | 0.1 | N/A | 0.1 | 0.4 | 58.7% |
| South Africa | 1.2 | N/A | 0.6 | 0.3 | -37.0% |
| Others | 1.4 | N/A | 8.7 | 2.0 | 12.6% |
| Total | 12.1 | N/A | 16.3 | 14.5 | 6.2% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Ghana in 2022:
- China (390.4 tons)
- France (353.6 tons)
- United Kingdom (134.6 tons)
- Belgium (96.5 tons)
- United States (61.7 tons)
- Malaysia (55.3 tons)
- India (51.2 tons)
- Singapore (26.6 tons)
- South Africa (25.7 tons)
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ghana
In 2022, the amount of machines and mechanical appliances; parts, of those having individual functionses exported from Ghana surged to 55 tons, increasing by 227% compared with the previous year. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses soared to $1.3M in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 1.0 | N/A | 23.6 | 597 | 742.0% |
| Nigeria | 0.2 | N/A | N/A | 581 | 1326.9% |
| Ireland | N/A | N/A | N/A | 70.2 | 0% |
| Belgium | N/A | N/A | 0.1 | 14.5 | 14400.0% |
| Senegal | N/A | N/A | 41.5 | 0.2 | -99.5% |
| Norway | N/A | N/A | 166 | N/A | 0% |
| France | N/A | N/A | 64.8 | N/A | 0% |
| Others | 169 | N/A | 35.7 | 8.1 | -63.7% |
| Total | 170 | N/A | 332 | 1,271 | 95.5% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Ghana in 2022:
- Nigeria (25.6 tons)
- Cote d'Ivoire (13.3 tons)
- Ireland (12.7 tons)
- Belgium (2.6 tons)
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