Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ghana - 2022
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ghana (CIF) - 2022
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ghana (FOB) - 2022
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ghana
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ghana
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ghana (CIF) - 2022
The average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $618 per unit in 2022, remaining constant against the previous year. Overall, the import price, however, recorded a pronounced descent. The growth pace was the most rapid in 2021 an increase of 30%. The import price peaked at $1,058 per unit in 2018; however, from 2019 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 South Korea ($2,543 per unit), while the price for Poland ($62 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ghana (FOB) - 2022
In 2022, the average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $7,286 per unit, dropping by -25.2% against the previous year. Overall, the export price, however, continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 117%. The export price peaked at $11,390 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($15,136 per unit), while the average price for exports to Angola ($68 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 Senegal (+50.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ghana
In 2022, approx. 77K units of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) were imported into Ghana; with an increase of 4.5% against 2021. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 720% against the previous year. As a result, imports attained the peak of 99K units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) rose remarkably to $48M in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 278%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 0.5 | 20.4 | 19.4 | 14.1 | 204.4% |
| China | 1.9 | 4.4 | 3.3 | 4.4 | 32.3% |
| United Kingdom | 1.4 | 3.3 | 1.8 | 4.0 | 41.9% |
| Belgium | 2.3 | 1.4 | 1.1 | 3.4 | 13.9% |
| India | 0.1 | 3.8 | 5.2 | 3.3 | 220.8% |
| United Arab Emirates | 0.9 | 1.2 | 0.2 | 0.7 | -8.0% |
| Ireland | 0.1 | 0.1 | 0.3 | 0.7 | 91.3% |
| Italy | 0.1 | 0.6 | 0.6 | 0.6 | 81.7% |
| Morocco | N/A | N/A | N/A | 0.6 | 0% |
| Germany | 0.1 | 0.6 | 2.7 | 0.6 | 81.7% |
| Poland | N/A | 0.5 | 0.7 | 0.5 | 0.0% |
| Bulgaria | 0.1 | 0.7 | 0.5 | 0.5 | 71.0% |
| Cote d'Ivoire | 0.2 | 0.1 | N/A | 0.4 | 26.0% |
| Others | 4.6 | 9.4 | 9.5 | 13.8 | 44.2% |
| Total | 12.3 | 46.4 | 45.3 | 47.8 | 57.2% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to Ghana in 2022:
- India (19.1K units)
- Italy (10.4K units)
- China (8.6K units)
- Poland (8.5K units)
- South Korea (5.5K units)
- Morocco (3.2K units)
- Bulgaria (2.5K units)
- United Kingdom (2.0K units)
- Belgium (1.5K units)
- Germany (1.5K units)
- United Arab Emirates (1.4K units)
- Ireland (1.4K units)
- Cote d'Ivoire (1.4K units)
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ghana
In 2022, overseas shipments of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) decreased by -40.6% to 41 units, falling for the second year in a row after two years of growth. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 11%. As a result, the exports reached the peak of 80 units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) contracted markedly to $299K in 2022. Overall, exports showed a dramatic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 0.5%. As a result, the exports reached the peak of $824K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mali | 213 | 230 | 256 | 134 | -14.3% |
| Guinea | 130 | 131 | 137 | 66.9 | -19.9% |
| Senegal | 36.6 | 37.6 | 40.0 | 19.9 | -18.4% |
| United States | 53.7 | 39.9 | 29.3 | 19.5 | -28.7% |
| Burkina Faso | 116 | 46.9 | 47.1 | 15.1 | -49.3% |
| Australia | 5.4 | 10.9 | 16.3 | 11.3 | 27.9% |
| Belgium | 12.2 | 57.3 | 4.7 | 6.0 | -21.1% |
| Guyana | 6.8 | 6.9 | 8.5 | 3.7 | -18.4% |
| Cote d'Ivoire | 8.4 | 200 | 96.6 | 3.2 | -27.5% |
| Germany | 8.4 | 7.7 | 7.2 | 3.2 | -27.5% |
| Benin | 9.3 | 7.8 | 6.7 | 2.5 | -35.5% |
| Netherlands | 1.1 | 22.5 | 1.4 | 0.7 | -14.0% |
| Angola | 0.4 | 0.3 | 0.2 | 0.1 | -37.0% |
| Others | 218 | 25.6 | 20.9 | 12.9 | -61.0% |
| Total | 820 | 824 | 672 | 299 | -28.6% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Ghana in 2022:
- Mali (12.0 units)
- Guinea (6.0 units)
- United States (2.0 units)
- Senegal (2.0 units)
- Netherlands (1.0 units)
- Angola (1.0 units)
- Guyana (1.0 units)
- Cote d'Ivoire (1.0 units)
- Australia (1.0 units)
- Germany (1.0 units)
- Belgium (1.0 units)
- Burkina Faso (1.0 units)
- Benin (1.0 units)
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