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Ghana - Tower Cranes And Portal Or Pedestal Jib Cranes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Tower and Portal Cranes in Ghana - 2022
Contents:
- Price for Tower and Portal Cranes in Ghana (CIF) - 2022
- Price for Tower and Portal Cranes in Ghana (FOB) - 2022
- Imports of Tower and Portal Cranes in Ghana
- Exports of Tower and Portal Cranes in Ghana
Price for Tower and Portal Cranes in Ghana (CIF) - 2022
The average tower and portal cranes import price stood at $46,027 per unit in 2022, with an increase of 76% against the previous year. In general, the import price, however, continues to indicate a deep setback. The import price peaked at $100,760 per unit in 2014; however, from 2015 to 2022, import prices remained at a 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 China ($290,556 per unit), while the price for South Korea ($4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+59.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tower and Portal Cranes in Ghana (FOB) - 2022
In 2022, the average tower and portal cranes export price amounted to $40,156 per unit, with an increase of 28% against the previous year. Over the period under review, the export price, however, continues to indicate a mild downturn. The pace of growth was the most pronounced in 2021 an increase of 1,325% against the previous year. Over the period under review, the average export prices reached the peak figure at $50,847 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($89,573 per unit), while the average price for exports to Burkina Faso ($956 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 South Africa (+30.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tower and Portal Cranes in Ghana
In 2022, imports of tower cranes and portal or pedestal jib cranes into Ghana expanded rapidly to 25 units, with an increase of 8.7% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, tower and portal cranes imports surged to $1.2M in 2022. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Tower and Portal Cranes in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 38.3 | 31.6 | 62.5 | 291 | 96.6% |
Turkey | 106 | 137 | 144 | 266 | 35.9% |
Denmark | 40.7 | 52.6 | 55.5 | 103 | 36.3% |
India | 17.7 | 33.7 | 23.3 | 50.7 | 42.0% |
Germany | 50.3 | 35.1 | 29.3 | 43.0 | -5.1% |
Italy | 19.1 | 9.6 | 11.3 | 32.8 | 19.8% |
Belgium | 8.1 | 9.1 | 8.3 | 13.3 | 18.0% |
United States | 5.1 | 4.9 | 3.9 | 5.3 | 1.3% |
Australia | 8.9 | 7.4 | 5.1 | 4.7 | -19.2% |
France | 3.2 | 2.8 | 1.9 | 2.4 | -9.1% |
Israel | N/A | 2.9 | N/A | 2.0 | -17.0% |
Lebanon | 0.9 | 0.9 | 0.7 | 1.0 | 3.6% |
South Korea | N/A | N/A | N/A | N/A | 0% |
Others | 140 | 176 | 256 | 336 | 33.9% |
Total | 438 | 503 | 602 | 1,151 | 38.0% |
Top Suppliers of Tower and Portal Cranes to Ghana in 2022:
- India (4.0 units)
- Turkey (3.0 units)
- Israel (1.0 units)
- Australia (1.0 units)
- Italy (1.0 units)
- Denmark (1.0 units)
- France (1.0 units)
- United States (1.0 units)
- China (1.0 units)
- Germany (1.0 units)
- Belgium (1.0 units)
- Lebanon (1.0 units)
- South Korea (1.0 units)
Exports of Tower and Portal Cranes in Ghana
In 2022, the amount of tower cranes and portal or pedestal jib cranes exported from Ghana surged to 4 units, jumping by 33% compared with the previous year. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, tower and portal cranes exports soared to $161K in 2022. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 969% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
Export of Tower and Portal Cranes in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 3.5 | 3.5 | 49.4 | 89.6 | 194.7% |
Togo | 6.7 | 4.9 | 43.8 | 70.1 | 118.7% |
Burkina Faso | 0.1 | 0.1 | 0.9 | 1.0 | 115.4% |
Rwanda | N/A | 0.3 | N/A | N/A | 0% |
Netherlands | N/A | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 10.3 | 8.8 | 94.1 | 161 | 150.0% |
Top Export Markets for Tower and Portal Cranes from Ghana in 2022:
- Togo (2.0 units)
- Burkina Faso (1.0 units)
- South Africa (1.0 units)
This report provides an in-depth analysis of the market for tower and portal cranes 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 28221440 - Tower cranes and portal or pedestal jib cranes
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
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