The Ghana crane market surged to X dollars in 2020, surging X% from the previous year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailers' profits, which will be included in the final consumer price). Overall, consumption has grown significantly. The most significant growth rate occurred in 2009, with an X% year-on-year increase. Crane consumption peaked at $X in 2013; however, from 2014 to 2020, consumption was at a lower level.
In 2020, the number of cranes, mobile cranes exported from Ghana fell slightly to X units, a -X% decrease from 2019. During the period under review, export volumes contracted significantly. 2019 saw the fastest growth, with exports up X% year-on-year. During the period under review, exports reached a maximum of X units in 2013; however, from 2014 to 2020, exports failed to regain momentum. In value terms, crane exports fell slightly to $X in 2020. Overall, exports have shrunk significantly. In 2012, the growth rate was the fastest, with an increase of X% year-on-year. During the reporting period, exports peaked at $X in 2008; however, from 2009 to 2020, exports have been at lower levels.
Belgium (X units) was the main destination for Ghanaian crane exports, accounting for X% of total exports. In addition, the number of cranes exported to Belgium exceeded seven times the number exported to South Africa (X units), the second main destination.
From 2007 to 2020, the average annual growth rate of freight traffic to Belgium was relatively modest. Exports to other major destinations recorded the following average annual export growth rates: South Africa (+X% per annum) and Togo (-X% per annum).
From 2007 to 2020, the average annual growth rate of value to Belgium was relatively modest. Exports to other major destinations recorded the following average annual export growth rates: South Africa (+X% per annum) and Togo (-X% per annum)
In 2020, after three years of decline, the supply of cranes, mobile crane frames from abroad has grown significantly, and the number has increased by X% to X units. During the period under review, imports increased significantly. Imports peaked at X units in 2013; however, from 2014 to 2020, imports decreased slightly.
Crane imports in 2020 fell slightly to $X in value terms. Overall, imports have increased significantly. The fastest growth rate in 2018, with a year-on-year increase of X%. As a result, imports peaked at X dollars. Import growth failed to regain momentum in 2019-20.
In 2020, the United Arab Emirates (X units) was the main crane supplier to Ghana, accounting for about X% of total imports.
From 2007 to 2020, the average annual growth rate of exports from the United Arab Emirates totaled +X%.
The United Arab Emirates ($X) is the largest crane supplier to Ghana by value.
From 2007 to 2020, the average annual value growth from the United Arab Emirates totaled +X%.
The United Arab Emirates is the largest crane supplier to Ghana by value.
The average export price of cranes in 2020 was $3,270 per unit, down -1.8% from the previous year.
In 2020, the average import price of cranes was USD 12,779 per unit, a decrease of -50.9% from the previous year.
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