Price for Machines; Parts and Accessories, of Heading No. 8472 in Ghana - 2022

Contents:

  1. Price for Machines; Parts and Accessories, of Heading No. 8472 in Ghana (CIF) - 2022
  2. Price for Machines; Parts and Accessories, of Heading No. 8472 in Ghana (FOB) - 2022
  3. Imports of Machines; Parts and Accessories, of Heading No. 8472 in Ghana
  4. Exports of Machines; Parts and Accessories, of Heading No. 8472 in Ghana

Price for Machines; Parts and Accessories, of Heading No. 8472 in Ghana (CIF) - 2022

In 2022, the average import price for machines; parts and accessories, of heading no. 8472 amounted to $29,079 per ton, with an increase of 2.7% against the previous year. Over the period under review, the import price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 114% against the previous year. As a result, import price reached the peak level of $135,038 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($124,820 per ton), while the price for China ($4,476 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Parts and Accessories, of Heading No. 8472 in Ghana (FOB) - 2022

The average export price for machines; parts and accessories, of heading no. 8472 stood at $69,612 per ton in 2022, rising by 69% against the previous year. In general, the export price, however, saw a deep reduction. The export price peaked at $130,433 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Germany ($296,000 per ton), while the average price for exports to South Africa ($13,316 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 Burkina Faso (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Parts and Accessories, of Heading No. 8472 in Ghana

In 2022, after three years of growth, there was decline in purchases abroad of machines; parts and accessories, of heading no. 8472, when their volume decreased by -0.4% to 41 tons. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when imports increased by 307%.

In value terms, imports of machines; parts and accessories, of heading no. 8472 stood at $1.2M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 222%. As a result, imports attained the peak of $1.4M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Machines; Parts and Accessories, of Heading No. 8472 in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany74.450018.330259.5%
Ireland75.023438120239.1%
Sweden14.095.5177155122.9%
United Arab Emirates10526811396.1-2.9%
Hungary16.244.456.189.576.8%
China5.07.022.544.7107.5%
India3.16.510.934.3122.8%
United States6.08.523.125.060.9%
Israel2.24.528.223.6120.5%
Philippines9.122.746.019.228.3%
France4.35.45.56.514.8%
Spain28.241.87.21.3-64.1%
SlovakiaN/AN/A77.8N/A0%
Others86.414421120433.2%
Total4291,3821,1771,20441.1%

Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Ghana in 2022:

  1. China (10.0 tons)
  2. Germany (9.8 tons)
  3. Sweden (6.2 tons)
  4. United Arab Emirates (4.8 tons)
  5. Ireland (1.9 tons)
  6. India (1.0 tons)
  7. United States (0.9 tons)
  8. France (0.8 tons)
  9. Israel (0.7 tons)
  10. Hungary (0.7 tons)
  11. Philippines (0.5 tons)

Exports of Machines; Parts and Accessories, of Heading No. 8472 in Ghana

In 2022, approx. 98 kg of machines; parts and accessories, of heading no. 8472 were exported from Ghana; shrinking by -76.7% against 2021. Over the period under review, exports faced a precipitous decline. The pace of growth was the most pronounced in 2021 when exports increased by 88%.

In value terms, exports of machines; parts and accessories, of heading no. 8472 shrank remarkably to $6.8K in 2022. In general, exports saw a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 40%.

Export of Machines; Parts and Accessories, of Heading No. 8472 in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Burkina Faso37.09.314.25.8-46.1%
South Africa1.30.40.60.3-38.7%
Germany1.32.21.70.3-38.7%
United Arab Emirates1.60.30.40.1-60.3%
PakistanN/AN/A0.2N/A0%
Others1.30.20.30.3-38.7%
Total42.412.417.46.8-45.7%

Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Ghana in 2022:

  1. Burkina Faso (66.0 kg)
  2. South Africa (19.0 kg)
  3. United Arab Emirates (5.0 kg)
  4. Germany (1.0 kg)

Source: IndexBox Market Intelligence Platform

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