Ghana: Market for Parts Of Harvester And Threshers 2022

Market Size for Parts Of Harvester And Threshers in Ghana

In 2021, the Ghanian market for parts of harvester and threshers decreased by -21.7% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, enjoyed resilient growth. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Parts Of Harvester And Threshers

Exports from Ghana

In 2021, overseas shipments of parts of harvester and threshers were finally on the rise to reach X units after four years of decline. Over the period under review, exports, however, continue to indicate a abrupt decline. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, parts of harvester and threshers exports skyrocketed to $X in 2021. In general, exports, however, saw a drastic downturn. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa (X units) was the main destination for parts of harvester and threshers exports from Ghana, with a 96% share of total exports. Moreover, parts of harvester and threshers exports to South Africa exceeded the volume sent to the second major destination, France (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to South Africa amounted to +4.2%.

In value terms, South Africa ($X) remains the key foreign market for parts of harvester and threshers exports from Ghana, comprising 97% of total exports. The second position in the ranking was taken by France ($X), with a 3.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to South Africa stood at +8.0%.

Export Prices by Country

The average export price for parts of harvester and threshers stood at $X per unit in 2021, approximately reflecting the previous year. Overall, the export price, however, posted a mild increase. The most prominent rate of growth was recorded in 2014 an increase of 130%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was South Africa ($X per unit), while the average price for exports to France stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+285.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Harvester And Threshers

Imports into Ghana

In 2021, purchases abroad of parts of harvester and threshers decreased by -37.4% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 462% against the previous year. Over the period under review, imports reached the maximum at X units in 2020, and then contracted markedly in the following year.

In value terms, parts of harvester and threshers imports fell to $X in 2021. In general, imports, however, showed strong growth. The growth pace was the most rapid in 2019 when imports increased by 619%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest parts of harvester and threshers supplier to Ghana, accounting for a 58% share of total imports. Moreover, parts of harvester and threshers imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. The third position in this ranking was held by India (X units), with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +66.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+14.6% per year) and India (+47.7% per year).

In value terms, China ($X) constituted the largest supplier of parts of harvester and threshers to Ghana, comprising 52% of total imports. The second position in the ranking was held by the UK ($X), with a 17% share of total imports. It was followed by India, with a 9% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +69.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+5.8% per year) and India (+48.9% per year).

Import Prices by Country

The average import price for parts of harvester and threshers stood at $X per unit in 2021, growing by 40% against the previous year. Overall, the import price, however, recorded a perceptible setback. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Africa ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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