Ghana: Pump For Liquid Market 2022

Pump For Liquid Market Size in Ghana

The Ghanian pump for liquid market surged to $X in 2021, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a pronounced contraction. Pump for liquid consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Pump For Liquid Exports

Exports from Ghana

In 2021, overseas shipments of pumps for liquids and liquid elevators were finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, pump for liquid exports rose significantly to $X in 2021. Overall, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nigeria (X units) was the main destination for pump for liquid exports from Ghana, accounting for a X% share of total exports. Moreover, pump for liquid exports to Nigeria exceeded the volume sent to the second major destination, Burkina Faso (X units), fourfold. The third position in this ranking was taken by South Africa (X units), with a X% share.

From 2012 to 2020, the average annual growth rate of volume to Nigeria stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (-X% per year) and South Africa (-X% per year).

In value terms, the largest markets for pump for liquid exported from Ghana were the UK ($X), the United States ($X) and Senegal ($X), with a combined X% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pump for liquid export price stood at $X per unit in 2020, picking up by X% against the previous year. In general, the export price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the UK ($X per unit), while the average price for exports to Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into Ghana

Pump for liquid imports into Ghana surged to X units in 2021, with an increase of X% compared with 2020. In general, imports, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, pump for liquid imports contracted sharply to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2020, China (X units) was the main supplier of pump for liquid to Ghana, with a X% share of total imports. Moreover, pump for liquid imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold. The third position in this ranking was taken by the United Arab Emirates (X units), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and the United Arab Emirates (-X% per year).

In value terms, China ($X) constituted the largest supplier of pump for liquid to Ghana, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2020, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and India (+X% per year).

Import Prices by Country

The average pump for liquid import price stood at $X per unit in 2020, rising by X% against the previous year. Overall, the import price showed a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the United Arab Emirates ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform