Price for Machinery; Parts of the Machinery of Heading No. 8425 in Ghana - 2022

Contents:

  1. Price for Machinery; Parts of the Machinery of Heading No. 8425 in Ghana (CIF) - 2022
  2. Price for Machinery; Parts of the Machinery of Heading No. 8425 in Ghana (FOB) - 2022
  3. Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Ghana
  4. Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Ghana

Price for Machinery; Parts of the Machinery of Heading No. 8425 in Ghana (CIF) - 2022

The average import price for machinery; parts of the machinery of heading no. 8425 stood at $8,601 per ton in 2022, with an increase of 2.5% against the previous year. Overall, the import price, however, saw a slight setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 51%. As a result, import price attained the peak level of $14,785 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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 Denmark ($24,979 per ton), while the price for Burkina Faso ($1,508 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machinery; Parts of the Machinery of Heading No. 8425 in Ghana (FOB) - 2022

The average export price for machinery; parts of the machinery of heading no. 8425 stood at $13,787 per ton in 2022, jumping by 52% against the previous year. Overall, the export price showed a modest expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 61%. As a result, the export price attained the peak level of $18,592 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($541,857 per ton), while the average price for exports to Burkina Faso ($4,427 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+50.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Ghana

In 2022, overseas purchases of machinery; parts of the machinery of heading no. 8425 decreased by -57.9% to 102 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 167%. As a result, imports attained the peak of 243 tons, and then fell remarkably in the following year.

In value terms, imports of machinery; parts of the machinery of heading no. 8425 contracted sharply to $878K in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 243% against the previous year.

Import of Machinery; Parts of the Machinery of Heading No. 8425 in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom10.0301473148145.5%
China13.364.8158124110.5%
South Africa7.828.55.779.7117.0%
Australia30.736.513858.123.7%
India0.936.573.253.3289.8%
United States79.510768.550.2-14.2%
Denmark34.446.175.846.610.6%
Angola52.789.011542.8-6.7%
Burkina Faso19.834.050.027.511.6%
Cote d'Ivoire4.30.717.220.668.6%
Portugal19.225.826.46.3-31.0%
CongoN/AN/A214N/A0%
Others84.545562122137.8%
Total3571,2262,03687835.0%

Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Ghana in 2022:

  1. China (33.2 tons)
  2. Burkina Faso (18.3 tons)
  3. United Kingdom (17.0 tons)
  4. India (6.2 tons)
  5. Cote d'Ivoire (4.1 tons)
  6. South Africa (3.6 tons)
  7. Angola (3.3 tons)
  8. Australia (2.4 tons)
  9. United States (2.1 tons)
  10. Denmark (1.9 tons)
  11. Portugal (1.5 tons)

Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Ghana

Exports of machinery; parts of the machinery of heading no. 8425 from Ghana soared to 14 tons in 2022, rising by 40% compared with the previous year's figure. Overall, exports, however, recorded a abrupt shrinkage.

In value terms, exports of machinery; parts of the machinery of heading no. 8425 soared to $188K in 2022. Over the period under review, exports, however, showed a slight downturn.

Export of Machinery; Parts of the Machinery of Heading No. 8425 in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Angola5.22.820.275.3143.7%
Nigeria73.731.022.732.5-23.9%
Burkina Faso14.010.012.128.626.9%
SwitzerlandN/AN/AN/A12.10%
Cote d'Ivoire4.33.85.310.635.1%
Mali10.85.85.510.2-1.9%
South Africa4.30.60.71.7-26.6%
Guyana55.0N/AN/AN/A0%
Others27.818.221.717.0-15.1%
Total19572.188.1188-1.2%

Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Ghana in 2022:

  1. Burkina Faso (6.5 tons)
  2. Angola (3.4 tons)
  3. Mali (2.2 tons)
  4. Nigeria (0.6 tons)
  5. Cote d'Ivoire (0.3 tons)
  6. South Africa (0.2 tons)
  7. Switzerland (0.2 tons)

Source: IndexBox Market Intelligence Platform

Store
Blog
Event
Ghana - Blades For Construction Equipment - Market Analysis, Forecast, Size, Trends And Insights
$599
May 1, 2024
Eye 271

This report provides an in-depth analysis of the construction equipment blade market in Ghana.

Ghana - Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes - Market Analysis, Forecast, Size, Trends And Insights
$599
May 1, 2024
Eye 321

This report provides an in-depth analysis of the market for ship derrick buckets and shovels in Ghana.

Ghana - Colloidal Precious Metals, Compounds And Amalgams Of Precious Metals (Excluding Silver Nitrate) - Market Analysis, Forecast, Size, Trends And Insights
$599
May 1, 2024
Eye 339

This report provides an in-depth analysis of the colloidal precious metals market in Ghana.

World - Blades For Construction Equipment - Market Analysis, Forecast, Size, Trends And Insights
$599
May 1, 2024
Eye 481

This report provides an in-depth analysis of the global construction equipment blade market.

World - Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes - Market Analysis, Forecast, Size, Trends And Insights
$599
May 1, 2024
Eye 466

This report provides an in-depth analysis of the global market for ship derrick buckets and shovels.

World - Colloidal Precious Metals, Compounds And Amalgams Of Precious Metals (Excluding Silver Nitrate) - Market Analysis, Forecast, Size, Trends And Insights
$599
May 1, 2024
Eye 503

This report provides an in-depth analysis of the global colloidal precious metals market.

Ghana - Blades For Construction Equipment - Market Analysis, Forecast, Size, Trends And Insights
$599
May 1, 2024
Eye 271

This report provides an in-depth analysis of the construction equipment blade market in Ghana.

Ghana - Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes - Market Analysis, Forecast, Size, Trends And Insights
$599
May 1, 2024
Eye 321

This report provides an in-depth analysis of the market for ship derrick buckets and shovels in Ghana.

World - Blades For Construction Equipment - Market Analysis, Forecast, Size, Trends And Insights
$599
May 1, 2024
Eye 481

This report provides an in-depth analysis of the global construction equipment blade market.

World - Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes - Market Analysis, Forecast, Size, Trends And Insights
$599
May 1, 2024
Eye 466

This report provides an in-depth analysis of the global market for ship derrick buckets and shovels.

Free Data: Machinery; parts of the machinery of heading no. 8425 - Ghana