Report Update Apr 1, 2024

Ghana - Rotary Converters - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Ghana

The Ghanian electric rotary converter market shrank remarkably to $X in 2021, which is down by -16.4% 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 showed a sharp downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Electric Rotary Converter Exports

Exports from Ghana

After five years of decline, overseas shipments of electric rotary converters decreased by -18.2% to X units in 2021. Over the period under review, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2015 with an increase of 86%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electric rotary converter exports reduced remarkably to $X in 2021. Overall, exports saw a abrupt curtailment. The smallest decline of -2.7% was in 2013. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X units) was the main destination for electric rotary converter exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Burkina Faso stood at -32.1%.

In value terms, Burkina Faso ($X) also remains the key foreign market for electric rotary converters exports from Ghana.

From 2012 to 2021, the average annual growth rate of value to Burkina Faso totaled -23.0%.

Export Prices by Country

In 2021, the average electric rotary converter export price amounted to $X per unit, reducing by -17% against the previous year. In general, the export price, however, saw significant growth. The growth pace was the most rapid in 2017 an increase of 186% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Togo amounted to +374.6% per year.

Electric Rotary Converter Imports

Imports into Ghana

Electric rotary converter imports into Ghana contracted to X units in 2021, declining by -11.7% compared with the year before. In general, imports saw a sharp reduction. The pace of growth was the most pronounced in 2018 when imports increased by 2,327%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electric rotary converter imports contracted significantly to $X in 2021. Over the period under review, imports showed a sharp decline. The pace of growth appeared the most rapid in 2018 with an increase of 2,741%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X units) constituted the largest supplier of electric rotary converter to Ghana, accounting for a 37% share of total imports. Moreover, electric rotary converter imports from South Korea exceeded the figures recorded by the second-largest supplier, Belgium (X units), twofold. The third position in this ranking was taken by the Netherlands (X units), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea totaled +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+4.9% per year) and the Netherlands (-9.9% per year).

In value terms, the largest electric rotary converter suppliers to Ghana were Lebanon ($X), the Netherlands ($X) and South Korea ($X), together accounting for 34% of total imports.

Among the main suppliers, South Korea, with a CAGR of +15.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average electric rotary converter import price amounted to $X per unit, falling by -12.9% against the previous year. Over the period under review, the import price recorded a abrupt slump. The pace of growth was the most pronounced in 2018 an increase of 17%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+225.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric rotary converters in the world?

The countries with the highest volumes of consumption in 2021 were the United States, Malaysia and the Netherlands, together comprising 60% of global consumption. Hong Kong SAR, Nigeria, Canada, Latvia, Vietnam, Switzerland and the UK lagged somewhat behind, together comprising a further 25%.

What are the largest producers of electric rotary converters in the world?

The country with the largest volume of electric rotary converter production was Malaysia, comprising approx. 31% of total volume. Moreover, electric rotary converter production in Malaysia exceeded the figures recorded by the second-largest producer, Hong Kong SAR, twofold. Germany ranked third in terms of total production with an 11% share.

What are the leading suppliers of electric rotary converters to Ghana?

In value terms, Lebanon, the Netherlands and South Korea were the largest electric rotary converter suppliers to Ghana, together comprising 34% of total imports.

What are the leading importers of electric rotary converters from Ghana?

In value terms, Burkina Faso remains the key foreign market for electric rotary converters exports from Ghana.

What is the average export price for electric rotary converters in Ghana?

The average electric rotary converter export price stood at $4,195 per unit in 2021, reducing by -17% against the previous year.

What is the average import price for electric rotary converters in Ghana?

The average electric rotary converter import price stood at $128 per unit in 2021, shrinking by -12.9% against the previous year.

This report provides an in-depth analysis of the electric rotary converter 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 27113270 - Rotary converters

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023