Report Ghana - Bicycles and Other Cycles (Not Motorized) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Nov 24, 2022

Ghana - Bicycles and Other Cycles (Not Motorized) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Single report
Sent by email within 24h (Mon-Fri)

Ghana: Bicycle Market 2022

Bicycle Market Size in Ghana

In 2021, the Ghanian bicycle market increased by 12% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption posted a prominent expansion. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Bicycle Exports

Exports from Ghana

After four years of growth, shipments abroad of bicycles and other cycles decreased by -18% to X units in 2021. In general, total exports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 53% against the previous year. The exports peaked at X units in 2020, and then dropped rapidly in the following year.

In value terms, bicycle exports shrank to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 79%. Over the period under review, the exports attained the peak figure at $X in 2020, and then declined in the following year.

Exports by Country

Burkina Faso (X units) was the main destination for bicycle exports from Ghana, accounting for a 71% share of total exports. Moreover, bicycle exports to Burkina Faso exceeded the volume sent to the second major destination, Switzerland (X units), eightfold. The United States (X units) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to Burkina Faso amounted to +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+36.2% per year) and the United States (+22.3% per year).

In value terms, Burkina Faso ($X) remains the key foreign market for bicycle exports from Ghana, comprising 54% of total exports. The second position in the ranking was held by the United States ($X), with a 20% share of total exports. It was followed by Niger, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Burkina Faso totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+30.0% per year) and Niger (+8.6% per year).

Export Prices by Country

In 2021, the average bicycle export price amounted to $X per unit, increasing by 6.7% against the previous year. Over the period under review, the export price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2017 an increase of 17%. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Togo ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Imports

Imports into Ghana

In 2021, supplies from abroad of bicycles and other cycles increased by 18% to X units, rising for the second consecutive year after four years of decline. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 653%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, bicycle imports contracted markedly to $X in 2021. In general, imports, however, recorded a perceptible decrease. The pace of growth was the most pronounced in 2015 with an increase of 124% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of bicycle to Ghana, accounting for a 74% share of total imports. Moreover, bicycle imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was held by the Netherlands (X units), with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan stood at +30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.6% per year) and the Netherlands (+33.4% per year).

In value terms, Japan ($X), China ($X) and Switzerland ($X) appeared to be the largest bicycle suppliers to Ghana, together comprising 94% of total imports.

China, with a CAGR of +1.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average bicycle import price stood at $X per unit in 2021, shrinking by -28% against the previous year. Overall, the import price faced a sharp decline. The growth pace was the most rapid in 2020 an increase of 33%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (-3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for bicycles and other cycles in the world?
+
The countries with the highest volumes of consumption in 2021 were the United States, India and China, together comprising 32% of global consumption. Brazil, Japan, Germany, the Netherlands, Russia, Bangladesh, the UK, Malaysia, France and Canada lagged somewhat behind, together accounting for a further 30%.
What are the largest producers of bicycles and other cycles in the world?
+
The country with the largest volume of bicycle production was China, comprising approx. 60% of total volume. Moreover, bicycle production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. Brazil ranked third in terms of total production with a 4.9% share.
What are the leading suppliers of bicycles and other cycles to Ghana?
+
In value terms, Japan, China and Switzerland were the largest bicycle suppliers to Ghana, together accounting for 94% of total imports.
What are the leading importers of bicycles and other cycles from Ghana?
+
In value terms, Burkina Faso remains the key foreign market for bicycle exports from Ghana, comprising 54% of total exports. The second position in the ranking was held by the United States, with a 20% share of total exports. It was followed by Niger, with a 7.5% share.
What is the average export price for bicycles and other cycles in Ghana?
+
The average bicycle export price stood at $45 per unit in 2021, rising by 6.7% against the previous year.
What is the average import price for bicycles and other cycles in Ghana?
+
The average bicycle import price stood at $12 per unit in 2021, declining by -28% against the previous year.

This report provides an in-depth analysis of the bicycle 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 30921000 - Bicycles and other cycles (including delivery tricycles), nonmotorised
• Prodcom 30921030 -
• Prodcom 30921050 -
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
Webinar: Decarbonisation and Your Business Strategy - Zero Net Carbon Buildings

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 22nd, 2022 @ 04:00 pm ET

Webinar: Decarbonisation and Your Business Strategy - Tools and Marketplaces

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 8th, 2022 @ 04:00 pm ET

Webinar: Decarbonisation and Your Business Strategy - Steps and Practices

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, January 25th, 2022 @ 04:00 pm ET