Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ghana - 2022
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ghana (CIF) - 2022
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ghana (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ghana
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ghana
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ghana (CIF) - 2022
The average import price for electric motors and generators stood at $82 per unit in 2022, with an increase of 25% against the previous year. Overall, the import price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2019 when the average import price increased by 90% against the previous year. The import price peaked at $149 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($457 per unit), while the price for China ($51 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ghana (FOB) - 2022
In 2022, the average export price for electric motors and generators amounted to $3,049 per unit, surging by 43% against the previous year. Over the period under review, the export price showed significant growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 766% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($3,386 per unit), while the average price for exports to Benin stood at $17 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+292.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ghana
After three years of growth, purchases abroad of electric motors and generators decreased by -75.7% to 5.3K units in 2022. Over the period under review, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 218%. Imports peaked at 22K units in 2021, and then fell significantly in the following year.
In value terms, imports of electric motors and generators contracted significantly to $439K in 2022. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 69% against the previous year. As a result, imports reached the peak of $1.4M, and then dropped significantly in the following year.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 116 | 537 | 975 | 231 | 25.8% |
| United States | 2.5 | 10.0 | 19.3 | 45.8 | 163.6% |
| Canada | 0.1 | 2.1 | 8.4 | 38.8 | 629.4% |
| Czech Republic | N/A | N/A | 0.1 | 22.5 | 22400.0% |
| South Africa | 3.5 | 13.0 | 12.1 | 15.2 | 63.2% |
| Kenya | N/A | N/A | 6.6 | N/A | 0% |
| Others | 400 | 289 | 419 | 86.0 | -40.1% |
| Total | 522 | 852 | 1,440 | 439 | -5.6% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Ghana in 2022:
- China (4498.0 units)
- United States (271.0 units)
- South Africa (114.0 units)
- Czech Republic (87.0 units)
- Canada (85.0 units)
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ghana
In 2022, overseas shipments of electric motors and generators decreased by -16.7% to 10 units, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2020 with an increase of 73%. As a result, the exports attained the peak of 19 units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of electric motors and generators soared to $30K in 2022. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 198% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | N/A | N/A | N/A | 30.5 | 0% |
| Benin | N/A | N/A | N/A | N/A | 0% |
| Spain | N/A | N/A | 24.3 | N/A | 0% |
| Cote d'Ivoire | 6.4 | N/A | 1.4 | N/A | -53.2% |
| South Korea | N/A | 20.4 | N/A | N/A | 0% |
| Belgium | N/A | N/A | N/A | N/A | 0% |
| Togo | 0.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.8 | 20.4 | 25.6 | 30.5 | 64.9% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Ghana in 2022:
- Zimbabwe (9.0 units)
- Benin (1.0 units)
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