
Ghana - Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps - Market Analysis, Forecast, Size, Trends and Insights
Ghana: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2022
Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Ghana
After four years of growth, the Ghanian market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by -32.3% to $X in 2021. Over the period under review, consumption, however, continues to indicate significant growth. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.
Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps
Exports from Ghana
After two years of growth, overseas shipments of hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by -47.2% to X units in 2021. Over the period under review, exports, however, continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,650%. As a result, the exports reached the peak of X units, and then shrank rapidly in the following year.
In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps dropped sharply to $X in 2021. Overall, exports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of 1,793%. Over the period under review, the exports of attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.
Exports by Country
South Africa (X units) was the main destination for exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Ghana, with a 96% share of total exports. It was followed by the United States (X units), with a 1.3% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of volume to South Africa totaled +5.9%.
In value terms, South Africa ($X) emerged as the key foreign market for hydraulic pump (gear or vane) and other rotary positive displacement pump exports from Ghana, comprising 64% of total exports. The second position in the ranking was held by the United States ($X), with a 6.9% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of value to South Africa totaled +6.2%.
Export Prices by Country
The average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X per unit in 2021, flattening at the previous year. Overall, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of 88%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.
Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to South Africa totaled $X per unit.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+17.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps
Imports into Ghana
After four years of growth, supplies from abroad of hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by -35.3% to X units in 2021. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 2,769% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports of failed to regain momentum.
In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps declined to $X in 2021. Over the period under review, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 261% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2020, and then contracted in the following year.
Imports by Country
In 2021, the United Arab Emirates (X units) was the main hydraulic pump (gear or vane) and other rotary positive displacement pump supplier to Ghana, accounting for a approx. 100% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +33.8%.
In value terms, the United Arab Emirates ($X) constituted the largest supplier of hydraulic pump (gear or vane) and other rotary positive displacement pump to Ghana.
From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +74.9%.
Import Prices by Country
In 2021, the average import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, surging by 33% against the previous year. In general, the import price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 674% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to +30.7% per year.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for hydraulic pump (gear or vane) and other rotary positive displacement pump 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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