Ghana: Thread Rolling Machine Market 2022

Thread Rolling Machine Market Size in Ghana

The Ghanian thread rolling machine market stood at $X in 2021, growing by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Thread Rolling Machine Production in Ghana

In value terms, thread rolling machine production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020, and then reduced modestly in the following year.

Thread Rolling Machine Exports

Exports from Ghana

In 2021, exports of thread rolling machines for working metal, sintered metal carbides or cermets from Ghana totaled less than X units, remaining stable against 2020. Over the period under review, exports enjoyed a prominent expansion. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, thread rolling machine exports amounted to less than $X in 2021. In general, exports continue to indicate a significant expansion. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Congo (X units) was the main destination for thread rolling machine exports from Ghana, with a approx. X% share of total exports.

From 2012 to 2015, the average annual rate of growth in terms of volume to Congo was relatively modest.

From 2012 to 2015, the average annual rate of growth in terms of value to Congo was relatively modest.

Export Prices by Country

In 2015, the average thread rolling machine export price amounted to $X per unit, flattening at the previous year. Over the period under review, the export price showed a strong increase. The export price peaked in 2015 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Congo.

From 2012 to 2015, the rate of growth in terms of prices for Congo amounted to X% per year.

Thread Rolling Machine Imports

Imports into Ghana

Thread rolling machine imports into Ghana expanded notably to X units in 2021, picking up by X% against 2020 figures. Over the period under review, imports showed a perceptible expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth imports failed to regain momentum.

In value terms, thread rolling machine imports dropped slightly to $X in 2021. In general, imports showed a perceptible descent. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main thread rolling machine supplier to Ghana, accounting for a X% share of total imports. Moreover, thread rolling machine imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +X%.

In value terms, China ($X) and India ($X) appeared to be the largest thread rolling machine suppliers to Ghana.

India, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2021, the average thread rolling machine import price amounted to $X per unit, dropping by -X% against the previous year. Overall, the import price showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 an increase of X%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was India ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-X%).

Source: IndexBox Platform