Weaving Machines (Looms) Price in Ghana - 2022
Contents:
- Weaving Machines (Looms) Price in Ghana (CIF) - 2022
- Weaving Machines (Looms) Price in Ghana (FOB) - 2022
- Weaving Machines (Looms) Imports in Ghana
- Weaving Machines (Looms) Exports in Ghana
Weaving Machines (Looms) Price in Ghana (CIF) - 2022
In 2022, the average weaving machines (looms) import price amounted to $8,652 per unit, which is down by -27.9% against the previous year. In general, the import price, however, saw a significant increase. The pace of growth was the most pronounced in 2013 an increase of 688%. The import price peaked at $16,237 per unit in 2019; however, from 2020 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 India ($37,975 per unit), while the price for Saudi Arabia ($68 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+119.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Weaving Machines (Looms) Price in Ghana (FOB) - 2022
The average weaving machines (looms) export price stood at $201 per unit in 2022, with a decrease of -26.7% against the previous year. Over the period under review, the export price faced a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 358% against the previous year. As a result, the export price attained the peak level of $921 per unit. From 2015 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Burkina Faso.
From 2012 to 2022, the rate of growth in terms of prices for Burkina Faso amounted to -13.7% per year.
Weaving Machines (Looms) Imports in Ghana
In 2022, after three years of growth, there was significant decline in purchases abroad of weaving machines (looms)s, when their volume decreased by -70% to 24 units. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 60%. As a result, imports reached the peak of 80 units, and then shrank remarkably in the following year.
In value terms, weaving machines (looms) imports declined rapidly to $208K in 2022. Overall, imports showed a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 44%. As a result, imports attained the peak of $959K, and then contracted dramatically in the following year.
| Import of Weaving Machines (Looms) in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 117 | 132 | 330 | 93.1 | -7.3% |
| India | 348 | 195 | 183 | 76.0 | -39.8% |
| China | 37.8 | 307 | 375 | 13.0 | -29.9% |
| Hong Kong SAR | 21.4 | 20.0 | 37.2 | 11.4 | -18.9% |
| Canada | 2.4 | 3.0 | 8.2 | 2.5 | 1.4% |
| Australia | 0.8 | 0.7 | 1.2 | 2.5 | 46.2% |
| Portugal | N/A | N/A | N/A | 1.4 | 0% |
| Sri Lanka | N/A | N/A | N/A | 1.0 | 0% |
| Spain | N/A | N/A | N/A | 0.9 | 0% |
| South Africa | 0.1 | 0.2 | 1.0 | 0.8 | 100.0% |
| Italy | 0.7 | 0.7 | 1.3 | 0.3 | -24.6% |
| Belgium | 0.2 | 0.3 | 0.7 | 0.2 | 0.0% |
| Saudi Arabia | N/A | N/A | N/A | 0.1 | 0% |
| Others | 7.7 | 7.2 | 21.5 | 4.5 | -16.4% |
| Total | 536 | 666 | 959 | 208 | -27.1% |
Top Suppliers of Weaving Machines (Looms) to Ghana in 2022:
- Austria (7.0 units)
- India (2.0 units)
- China (2.0 units)
- Hong Kong SAR (2.0 units)
- Canada (1.0 units)
- Saudi Arabia (1.0 units)
- Australia (1.0 units)
- Italy (1.0 units)
- Portugal (1.0 units)
- South Africa (1.0 units)
- Sri Lanka (1.0 units)
- Belgium (1.0 units)
- Spain (1.0 units)
Weaving Machines (Looms) Exports in Ghana
In 2022, approx. 2 units of weaving machines (looms)s were exported from Ghana; flattening at the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, weaving machines (looms) exports dropped rapidly to $401 in 2022. Overall, exports faced a sharp contraction. The exports peaked at $1K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Weaving Machines (Looms) in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | 1,019 | 747 | 547 | 401 | -26.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,019 | 747 | 547 | 401 | -26.7% |
Top Export Markets for Weaving Machines (Looms) from Ghana in 2022:
- Burkina Faso (2.0 units)
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