Ghana - Derricks, Cranes, Mobile Lifting Frames, Straddle Carriers And Work Trucks Fitted With A Crane - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCrane Price in Ghana - 2022
Contents:
- Crane Price in Ghana (CIF) - 2022
- Crane Price in Ghana (FOB) - 2022
- Crane Imports in Ghana
- Crane Exports in Ghana
Crane Price in Ghana (CIF) - 2022
In 2022, the average crane import price amounted to $133,614 per unit, waning by -8% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crane import price increased by +102.1% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 32%. As a result, import price reached the peak level of $145,191 per unit, and then shrank in the following year.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to +267.4% per year.
Crane Price in Ghana (FOB) - 2022
The average crane export price stood at $48,112 per unit in 2022, which is down by -36.5% against the previous year. Overall, the export price saw a noticeable contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 125%. The export price peaked at $81,988 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($144,352 per unit), while the average price for exports to Burkina Faso ($3,477 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 Niger (+194.5%), while the prices for the other major destinations experienced more modest paces of growth.
Crane Imports in Ghana
In 2022, crane imports into Ghana declined sharply to 212 units, with a decrease of -24.3% against the previous year. Overall, total imports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +4.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 93%. As a result, imports attained the peak of 280 units, and then shrank significantly in the following year.
In value terms, crane imports shrank markedly to $28M in 2022. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 154% against the previous year. As a result, imports reached the peak of $41M, and then contracted remarkably in the following year.
Import of Crane in Ghana (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | N/A | 6.1 | 40.7 | 28.3 | 115.4% |
Oman | N/A | 9.9 | N/A | N/A | 0% |
China | 16.3 | N/A | N/A | N/A | 0% |
Others | 1.8 | N/A | N/A | N/A | 0% |
Total | 18.2 | 16.0 | 40.7 | 28.3 | 15.9% |
Top Suppliers of Crane to Ghana in 2022:
- United Arab Emirates (212.0 units)
Crane Exports in Ghana
In 2022, the amount of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane exported from Ghana skyrocketed to 35 units, surging by 46% against the previous year's figure. Overall, total exports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +4.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -23.9% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 48%. As a result, the exports reached the peak of 46 units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, crane exports contracted to $1.7M in 2022. The total export value increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 21%. The exports peaked at $1.8M in 2021, and then dropped in the following year.
Export of Crane in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | N/A | 713 | N/A | 694 | -1.3% |
Nigeria | N/A | N/A | N/A | 144 | 0% |
South Africa | N/A | 77.8 | N/A | 130 | 29.3% |
Egypt | N/A | N/A | N/A | 14.3 | 0% |
Burkina Faso | N/A | N/A | N/A | 3.5 | 0% |
Benin | 65.4 | N/A | 1,116 | N/A | 313.1% |
Niger | 816 | N/A | 272 | N/A | -42.3% |
Togo | N/A | 1.4 | 113 | N/A | 7971.4% |
Cote d'Ivoire | 3.3 | 43.6 | 2.8 | N/A | -7.9% |
Netherlands | N/A | N/A | 126 | N/A | 0% |
Others | 398 | 714 | 188 | 698 | 20.6% |
Total | 1,283 | 1,550 | 1,818 | 1,684 | 9.5% |
Top Export Markets for Crane from Ghana in 2022:
- Belgium (13.0 units)
- South Africa (3.0 units)
- Egypt (1.0 units)
- Nigeria (1.0 units)
- Burkina Faso (1.0 units)
This report provides an in-depth analysis of the crane 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 28221420 - Overhead travelling cranes on fixed support
- Prodcom 28221433 - Mobile lifting frames on tyres and straddle carriers
- Prodcom 28221435 - Transporter cranes, gantry cranes and bridge cranes
- Prodcom 28221440 - Tower cranes and portal or pedestal jib cranes
- Prodcom 28221450 - Self-propelled lifting equipment, of a kind mounted to run on rails in servicing building sites, quarries and the like
- Prodcom 28221460 - Lifting equipment designed for mounting on road vehicles
- Prodcom 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)
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
This report provides an in-depth analysis of the crane market in Ghana.
This report provides an in-depth analysis of the vehicle-mounted lifting equipment market in Ghana.
This report provides an in-depth analysis of the lifting equipment market in Ghana.
This report provides an in-depth analysis of the mobile lifting frame market in Ghana.
This report provides an in-depth analysis of the overhead travelling crane market in Ghana.
This report provides an in-depth analysis of the market for tower and portal cranes in Ghana.
This report provides an in-depth analysis of the market for transporter and bridge cranes in Ghana.
This report provides an in-depth analysis of the global crane market.
This report provides an in-depth analysis of the global vehicle-mounted lifting equipment market.
This report provides an in-depth analysis of the global lifting equipment market.
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