Ghana - Starter Motors And Dual Purpose Starter Generators - Market Analysis, Forecast, Size, Trends and Insights
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View PricingStarter Motor Price in Ghana - 2022
Contents:
- Starter Motor Price in Ghana (CIF) - 2022
- Starter Motor Price in Ghana (FOB) - 2022
- Starter Motor Imports in Ghana
- Starter Motor Exports in Ghana
Starter Motor Price in Ghana (CIF) - 2022
In 2022, the average starter motor import price amounted to $24 per unit, surging by 1.7% against the previous year. In general, the import price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 19%. The import price peaked at $136 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +9.6% per year.
Starter Motor Price in Ghana (FOB) - 2022
In 2022, the average starter motor export price amounted to $101 per unit, growing by 18% against the previous year. In general, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2019 an increase of 271%. As a result, the export price attained the peak level of $297 per unit. From 2020 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($97 per unit), while the average price for exports to the UK ($91 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 States (+46.7%), while the prices for the other major destinations experienced more modest paces of growth.
Starter Motor Imports in Ghana
In 2022, after three years of growth, there was significant decline in purchases abroad of starter motors and dual purpose starter generators, when their volume decreased by -18.5% to 69K units. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. As a result, imports attained the peak of 85K units, and then dropped rapidly in the following year.
In value terms, starter motor imports dropped remarkably to $1.7M in 2022. In general, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 52%. Imports peaked at $2.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Starter Motor in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 29.3 | 1,323 | 1,439 | 1,667 | 284.6% |
Belgium | 786 | N/A | N/A | N/A | 0% |
Oman | 81.0 | N/A | 573 | N/A | 166.0% |
China | 212 | N/A | N/A | N/A | 0% |
Australia | 252 | N/A | N/A | N/A | 0% |
Others | 971 | N/A | N/A | N/A | 0% |
Total | 2,331 | 1,323 | 2,012 | 1,667 | -10.6% |
Top Suppliers of Starter Motor to Ghana in 2022:
- United Arab Emirates (69.0K units)
Starter Motor Exports in Ghana
After three years of growth, shipments abroad of starter motors and dual purpose starter generators decreased by -28.8% to 794 units in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,176% against the previous year. The exports peaked at 1.1K units in 2021, and then fell remarkably in the following year.
In value terms, starter motor exports contracted remarkably to $80K in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 493% against the previous year. Over the period under review, the exports hit record highs at $95K in 2021, and then fell dramatically in the following year.
Export of Starter Motor in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 2.1 | 41.4 | 67.2 | 65.8 | 215.3% |
Cote d'Ivoire | 0.2 | 8.1 | 9.2 | 4.9 | 190.4% |
Niger | N/A | N/A | N/A | 1.7 | 0% |
Belgium | 0.1 | 0.3 | 9.3 | N/A | 864.4% |
Others | 8.7 | 15.3 | 9.3 | 7.6 | -4.4% |
Total | 11.0 | 65.1 | 95.0 | 80.1 | 93.8% |
Top Export Markets for Starter Motor from Ghana in 2022:
- United Kingdom (722.0 units)
- Cote d'Ivoire (51.0 units)
- Niger (18.0 units)
This report provides an in-depth analysis of the starter motor market 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 29312230 - Starter motors and dual-purpose starter-generators
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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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