Ghana - Winches And Capstans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWinch and Capstan Price in Ghana - 2022
Contents:
- Winch and Capstan Price in Ghana (CIF) - 2022
- Winch and Capstan Price in Ghana (FOB) - 2022
- Winch and Capstan Imports in Ghana
- Winch and Capstan Exports in Ghana
Winch and Capstan Price in Ghana (CIF) - 2022
In 2022, the average winch and capstan import price amounted to $1,273 per unit, increasing by 65% against the previous year. In general, the import price, however, showed a noticeable descent. Over the period under review, average import prices hit record highs at $1,778 per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Singapore ($25,174 per unit), while the price for Togo ($54 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+44.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Winch and Capstan Price in Ghana (FOB) - 2022
The average winch and capstan export price stood at $20,198 per unit in 2022, increasing by 66% against the previous year. In general, the export price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 an increase of 242% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($86,299 per unit), while the average price for exports to the UK ($297 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 Norway (+45.8%), while the prices for the other major destinations experienced more modest paces of growth.
Winch and Capstan Imports in Ghana
After three years of growth, supplies from abroad of winches and capstans decreased by -69.6% to 1.7K units in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,029%. As a result, imports reached the peak of 5.6K units, and then declined sharply in the following year.
In value terms, winch and capstan imports contracted notably to $2.2M in 2022. Overall, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 499%. As a result, imports attained the peak of $4.3M, and then reduced notably in the following year.
| Import of Winch and Capstan in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 446 | 427 | 1,700 | 1,158 | 37.4% |
| Angola | 1.3 | 3.5 | 39.8 | 284 | 502.3% |
| Congo | 1.8 | 53.7 | 351 | 200 | 380.7% |
| China | 7.2 | 23.6 | 1,694 | 193 | 199.3% |
| Malaysia | 18.2 | 13.2 | 39.6 | 20.4 | 3.9% |
| Lebanon | 5.5 | 2.5 | 15.3 | 8.5 | 15.6% |
| Others | 281 | 196 | 472 | 293 | 1.4% |
| Total | 761 | 720 | 4,311 | 2,157 | 41.5% |
Top Suppliers of Winch and Capstan to Ghana in 2022:
- Angola (680.0 units)
- China (561.0 units)
- Congo (146.0 units)
- Lebanon (68.0 units)
- Singapore (46.0 units)
- Malaysia (41.0 units)
Winch and Capstan Exports in Ghana
In 2022, winch and capstan exports from Ghana contracted to 18 units, reducing by -5.3% on 2021. Overall, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Over the period under review, the exports hit record highs at 223 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, winch and capstan exports soared to $364K in 2022. Over the period under review, exports faced a precipitous setback. The pace of growth appeared the most rapid in 2021 when exports increased by 167%. The exports peaked at $920K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Winch and Capstan in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 99.0 | 24.1 | 147 | 173 | 20.4% |
| Cote d'Ivoire | 9.1 | 16.2 | 21.4 | 25.2 | 40.4% |
| Angola | 2.5 | 4.6 | 56.1 | 22.6 | 108.3% |
| United Kingdom | 2.9 | 2.4 | 2.5 | 2.4 | -6.1% |
| South Africa | 0.4 | 0.4 | 0.6 | 0.8 | 26.0% |
| Gabon | 0.6 | 0.5 | 0.6 | 0.6 | 0.0% |
| Belgium | N/A | 19.3 | 1.7 | N/A | -91.2% |
| Congo | 561 | N/A | N/A | N/A | 0% |
| Others | 245 | 19.3 | 1.7 | 139 | -17.2% |
| Total | 920 | 86.7 | 232 | 364 | -26.6% |
Top Export Markets for Winch and Capstan from Ghana in 2022:
- United Kingdom (8.0 units)
- Angola (2.0 units)
- South Africa (2.0 units)
- Norway (2.0 units)
- Cote d'Ivoire (2.0 units)
- Gabon (1.0 units)
This report provides an in-depth analysis of the winche and capstan 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 28221200 - Winches and capstans (excluding those for raising vehicles)
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
- 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
-
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
-
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
-
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
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