Ghana - Balls, Needles And Rollers For Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTools for Bearing Price in Ghana - 2022
Contents:
- Tools for Bearing Price in Ghana (CIF) - 2022
- Tools for Bearing Price in Ghana (FOB) - 2022
- Tools for Bearing Imports in Ghana
- Tools for Bearing Exports in Ghana
Tools for Bearing Price in Ghana (CIF) - 2022
In 2022, the average tools for bearing import price amounted to $3,468 per ton, dropping by -12.7% against the previous year. Over the period under review, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of 55% against the previous year. Over the period under review, average import prices hit record highs at $25,279 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 the UK ($105,323 per ton), while the price for China ($2,812 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+16.7%), while the prices for the other major suppliers experienced a decline.
Tools for Bearing Price in Ghana (FOB) - 2022
The average tools for bearing export price stood at $31,866 per ton in 2022, increasing by 5.2% against the previous year. In general, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 101%. As a result, the export price reached the peak level of $58,278 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($40,394 per ton), while the average price for exports to Cote d'Ivoire stood at $23,588 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+10.4%), while the prices for the other major destinations experienced mixed trend patterns.
Tools for Bearing Imports in Ghana
In 2022, approx. 110 tons of balls, needles and rollers for ball or roller bearings were imported into Ghana; jumping by 28% compared with the year before. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 327% against the previous year. As a result, imports attained the peak of 137 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, tools for bearing imports reached $383K in 2022. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 116%. As a result, imports attained the peak of $424K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Tools for Bearing in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 17.9 | 178 | 140 | 284 | 151.3% |
Netherlands | 11.1 | 69.6 | 81.9 | 14.6 | 9.6% |
Belgium | 55.7 | 65.4 | 14.7 | 14.3 | -36.4% |
India | 3.5 | 12.6 | 12.4 | 2.4 | -11.8% |
Others | 108 | 98.2 | 93.0 | 67.5 | -14.5% |
Total | 197 | 424 | 342 | 383 | 24.8% |
Top Suppliers of Tools for Bearing to Ghana in 2022:
- China (101.1 tons)
- Belgium (4.3 tons)
- Netherlands (0.7 tons)
- India (0.6 tons)
Tools for Bearing Exports in Ghana
In 2022, the amount of balls, needles and rollers for ball or roller bearings exported from Ghana fell remarkably to 67 kg, with a decrease of -18.3% against the year before. Overall, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 52% against the previous year.
In value terms, tools for bearing exports shrank to $2.1K in 2022. In general, exports faced a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 39% against the previous year.
Export of Tools for Bearing in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Burkina Faso | 1.1 | 1.1 | 1.5 | 1.3 | 5.7% |
Cote d'Ivoire | 1.8 | 0.7 | 0.6 | 0.8 | -23.7% |
Others | 0.9 | 0.1 | 0.4 | N/A | -33.3% |
Total | 3.7 | 1.8 | 2.5 | 2.1 | -17.2% |
Top Export Markets for Tools for Bearing from Ghana in 2022:
- Cote d'Ivoire (34.0 kg)
- Burkina Faso (33.0 kg)
This report provides an in-depth analysis of the tools for bearing 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 28153130 - Balls, needles and rollers for ball or roller bearings
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
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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
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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
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