Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Ghana - 2022

Contents:

1. Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Ghana (CIF) - 2022
2. Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Ghana (FOB) - 2022
3. Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Ghana
4. Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Ghana

Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Ghana (CIF) - 2022

In 2022, the average import price for machine-tools; parts and accessories, for the machines of heading no. 8464 amounted to $5,403 per ton, waning by -23.3% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 65% against the previous year. The import price peaked at $17,983 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($64,581 per ton), while the price for Togo ($278 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Ghana (FOB) - 2022

The average export price for machine-tools; parts and accessories, for the machines of heading no. 8464 stood at $61,364 per ton in 2022, declining by -32.3% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for machine-tools; parts and accessories, for the machines of heading no. 8464 decreased by -36.4% against 2020 indices. The growth pace was the most rapid in 2016 an increase of 31%. Over the period under review, the average export prices reached the maximum at $96,472 per ton in 2020; however, from 2021 to 2022, the 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 Belgium ($86,896 per ton), while the average price for exports to Cote d'Ivoire ($4,115 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 Nigeria (+92.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Ghana

Imports of machine-tools; parts and accessories, for the machines of heading no. 8464 into Ghana surged to 246 tons in 2022, jumping by 1,612% on the previous year. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 skyrocketed to $1.3M in 2022. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 to Ghana in 2022:

1. China (142.5 tons)
2. India (53.4 tons)
3. Turkey (34.5 tons)
4. Togo (2.3 tons)
5. Italy (2.0 tons)
6. United Kingdom (1.2 tons)
7. Portugal (0.1 tons)

Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Ghana

After three years of growth, overseas shipments of machine-tools; parts and accessories, for the machines of heading no. 8464 decreased by -37.9% to 1.2 tons in 2022. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 5,258%. As a result, the exports attained the peak of 1.9 tons, and then fell significantly in the following year.

In value terms, exports of machine-tools; parts and accessories, for the machines of heading no. 8464 reduced dramatically to $73K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 4,932% against the previous year. As a result, the exports attained the peak of $175K, and then shrank rapidly in the following year.

Top Export Markets for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 from Ghana in 2022:

1. Belgium (588.0 kg)
2. Gambia (393.0 kg)
3. Togo (76.0 kg)
4. Cote d'Ivoire (61.0 kg)
5. Senegal (60.0 kg)
6. Burkina Faso (18.0 kg)

Source: IndexBox Market Intelligence Platform