Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Ghana - 2023
Contents:
- Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Ghana (CIF) - 2022
- Imports of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Ghana
Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Ghana (CIF) - 2022
In 2022, the average import price for weaving machines (looms); for weaving fabrics of a width 30cm or lesses amounted to $313 per unit, declining by -43.8% against the previous year. Overall, the import price faced a abrupt slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 895% against the previous year. Over the period under review, average import prices attained the maximum at $21,481 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 ($618 per unit), while the price for the United States ($1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.5%).
Imports of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Ghana
In 2022, approx. 4 units of weaving machines (looms); for weaving fabrics of a width 30cm or lesses were imported into Ghana; increasing by 33% on the year before. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 50%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of weaving machines (looms); for weaving fabrics of a width 30cm or lesses stood at $1.3K in 2022. The total import value increased at an average annual rate of +12.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 101 | 77.0 | 1,071 | 1,236 | 130.4% |
| India | 780 | 913 | 32.0 | 14.0 | -73.8% |
| United States | N/A | N/A | N/A | 1.0 | 0% |
| Hong Kong SAR | N/A | N/A | 10.0 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 881 | 990 | 1,113 | 1,251 | 12.4% |
Top Suppliers of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less to Ghana in 2022:
- China (2.0 units)
- United States (1.0 units)
- India (1.0 units)
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