Ghana - Bicycles And Other Cycles (Not Motorized) - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingBicycle Price in Ghana - 2022
Contents:
- Bicycle Price in Ghana (CIF) - 2022
- Bicycle Price in Ghana (FOB) - 2022
- Bicycle Imports in Ghana
- Bicycle Exports in Ghana
Bicycle Price in Ghana (CIF) - 2022
In 2022, the average bicycle import price amounted to $389 per unit, rising by 33% against the previous year. Over the period under review, the import price recorded a prominent expansion. The growth pace was the most rapid in 2020 an increase of 45% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($957 per unit), while the price for Belgium ($44 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Price in Ghana (FOB) - 2022
In 2022, the average bicycle export price amounted to $769 per unit, with an increase of 23% against the previous year. In general, the export price showed a significant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 100%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,185 per unit), while the average price for exports to Mali ($79 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+89.1%), while the prices for the other major destinations experienced more modest paces of growth.
Bicycle Imports in Ghana
After three years of growth, purchases abroad of bicycles and other cycles decreased by -48.4% to 34K units in 2022. Over the period under review, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 14%. As a result, imports attained the peak of 66K units, and then reduced remarkably in the following year.
In value terms, bicycle imports dropped sharply to $13M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 47% against the previous year. Over the period under review, imports attained the peak figure at $19M in 2021, and then reduced notably in the following year.
Import of Bicycle in Ghana (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 0.7 | 4.9 | 7.5 | 7.4 | 119.5% |
Japan | 5.6 | 7.9 | 9.4 | 3.7 | -12.9% |
United Kingdom | 1.0 | 0.6 | 0.5 | 0.2 | -41.5% |
United States | 0.6 | 0.1 | 0.1 | 0.1 | -45.0% |
Taiwan (Chinese) | N/A | N/A | N/A | 0.1 | 0% |
Germany | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
Belgium | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
Italy | 0.4 | N/A | N/A | N/A | 0% |
Others | 1.6 | 1.4 | 1.6 | 1.6 | 0.0% |
Total | 10.4 | 15.2 | 19.2 | 13.2 | 8.3% |
Top Suppliers of Bicycle to Ghana in 2022:
- Japan (20.9K units)
- China (7.8K units)
- Belgium (0.9K units)
- Taiwan (Chinese) (0.8K units)
- United States (0.4K units)
- United Kingdom (0.4K units)
- Germany (0.3K units)
- Italy (0.1K units)
Bicycle Exports in Ghana
In 2022, overseas shipments of bicycles and other cycles decreased by -18.5% to 312 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 61%. As a result, the exports attained the peak of 383 units, and then declined dramatically in the following year.
In value terms, bicycle exports reduced slightly to $240K in 2022. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 222%. As a result, the exports attained the peak of $240K, leveling off in the following year.
Export of Bicycle in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Burkina Faso | 25.4 | 31.3 | 129 | 140 | 76.6% |
United States | 1.1 | 3.1 | 47.2 | 37.1 | 223.1% |
Togo | 3.8 | 3.5 | 5.0 | 19.3 | 71.9% |
Cote d'Ivoire | 0.5 | 24.0 | 29.6 | 13.1 | 197.0% |
Switzerland | 2.6 | 3.6 | 11.6 | 10.9 | 61.2% |
Germany | 0.3 | 0.7 | 3.0 | 7.0 | 185.8% |
Mali | 1.2 | 1.1 | 2.4 | 1.5 | 7.7% |
Niger | 2.4 | 1.7 | 0.8 | 1.0 | -25.3% |
Others | 4.2 | 5.5 | 11.1 | 10.2 | 34.4% |
Total | 41.5 | 74.5 | 240 | 240 | 79.5% |
Top Export Markets for Bicycle from Ghana in 2022:
- Burkina Faso (136.0 units)
- Togo (48.0 units)
- Switzerland (42.0 units)
- Mali (19.0 units)
- United States (17.0 units)
- Cote d'Ivoire (8.0 units)
- Germany (6.0 units)
- Niger (3.0 units)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the bicycle market in Ghana.
This report provides an in-depth analysis of the global bicycle market.
This report provides an in-depth analysis of the bicycle market in Ghana.
This report provides an in-depth analysis of the global bicycle market.
Explore the top import markets for bicycles and their key statistics. Discover the booming bicycle industry and the countries driving its growth. Find out the latest import values and trends in the global bicycle market.
In 2019, the global bicycle market increased by 0.4% to $18.8B, rising for the fourth consecutive year after four...
In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>
In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>
The global trade in bicycles amounted to X million USD in 2015, fluctuating mildly over the period under review. A significant drop in 2009 was followed by robust growth over next three years, until it levelled off thro
Canyon Bicycles, a well-known German bicycle producer, has announced the opening of an office in Melbourne, Australia, as well as the launching of direct sales in New Zealand. The new office will act as a representative of Canyon Bicycles, participatin
Explore the top import markets for bicycles and their key statistics. Discover the booming bicycle industry and the countries driving its growth. Find out the latest import values and trends in the global bicycle market.
In 2019, the global bicycle market increased by 0.4% to $18.8B, rising for the fourth consecutive year after four...
In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>
In 2016, the amount of bike imported worldwide stood at X tons, import ,therefore, remained relatively stable against the previous year figure. Overall, it indicated a moderate expansion from X>