Price for Reciprocating or Rotary Internal Combustion Piston Engines in Ghana - 2023
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Ghana (CIF) - 2022
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Ghana (FOB) - 2022
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Ghana
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Ghana
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Ghana (CIF) - 2022
The average import price for reciprocating or rotary internal combustion piston engineses stood at $152 per unit in 2022, approximately reflecting the previous year. In general, the import price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 9.6%. As a result, import price attained the peak level of $1,405 per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($706 per unit), while the price for China ($42 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-0.9%), while the prices for the other major suppliers experienced a decline.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Ghana (FOB) - 2022
In 2022, the average export price for reciprocating or rotary internal combustion piston engineses amounted to $2,416 per unit, increasing by 89% against the previous year. Over the period under review, the export price, however, saw a abrupt setback. Over the period under review, the average export prices reached the maximum at $7,739 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($6,160 per unit), while the average price for exports to the United Arab Emirates ($1,129 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 the United Arab Emirates (+12.6%), while the prices for the other major destinations experienced a decline.
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Ghana
In 2022, imports of reciprocating or rotary internal combustion piston engineses into Ghana skyrocketed to 152K units, jumping by 28% compared with 2021. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of reciprocating or rotary internal combustion piston engineses reduced remarkably to $26M in 2022. Over the period under review, imports showed a significant increase. Imports peaked at $35M in 2021, and then shrank remarkably in the following year.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 0.4 | N/A | 5.0 | 5.2 | 135.1% |
| Japan | 2.4 | N/A | 2.8 | 4.3 | 21.5% |
| China | 1.3 | N/A | 4.9 | 4.0 | 45.4% |
| South Korea | 2.5 | N/A | 4.8 | 3.1 | 7.4% |
| United States | 1.2 | N/A | 3.7 | 2.2 | 22.4% |
| United Kingdom | 1.6 | N/A | 2.9 | 1.6 | 0.0% |
| Italy | 1.2 | N/A | 1.8 | 1.0 | -5.9% |
| Germany | 0.7 | N/A | 1.3 | 0.6 | -5.0% |
| Others | 3.4 | N/A | 8.0 | 3.6 | 1.9% |
| Total | 14.6 | N/A | 35.2 | 25.5 | 20.4% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Ghana in 2022:
- China (94.6K units)
- South Korea (11.8K units)
- Canada (11.2K units)
- United Kingdom (7.8K units)
- Japan (6.1K units)
- United States (4.7K units)
- Germany (2.8K units)
- Italy (2.1K units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Ghana
In 2022, overseas shipments of reciprocating or rotary internal combustion piston engineses decreased by -57.2% to 791 units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed significant growth. The exports peaked at 1.8K units in 2021, and then dropped remarkably in the following year.
In value terms, exports of reciprocating or rotary internal combustion piston engineses contracted notably to $1.9M in 2022. Overall, exports, however, posted significant growth. Over the period under review, the exports of reached the maximum at $2.7M in 2021, and then contracted notably in the following year.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 86.5 | N/A | 20.7 | 1,735 | 171.7% |
| United States | N/A | N/A | 0.6 | 111 | 18400.0% |
| United Arab Emirates | 2.3 | N/A | 36.7 | 19.2 | 102.9% |
| Canada | 407 | N/A | 2,593 | N/A | 152.4% |
| Others | 64.3 | N/A | 4.0 | 21.9 | -30.2% |
| Total | 560 | N/A | 2,655 | 1,887 | 49.9% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Ghana in 2022:
- Nigeria (749.0 units)
- United States (18.0 units)
- United Arab Emirates (17.0 units)
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