In 2021, after two years of growth, there was decline in the Ghanian market for pulley tackle and hoists powered by an electric motor, when its value decreased by -X% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then reduced modestly in the following year.
In 2021, after two years of decline, overseas shipments of electric motor-driven pulley tackle and hoists increased significantly when their volume increased by X% to X units. Overall, exports have grown substantially. The most prominent growth rate was 2013, when exports increased by X%. The export volume peaked at Unit X in 2014; however, from 2015 to 2021, the export volume is slightly lower.
Exports of electric motor driven pulley tackle and hoists soared to $X in value terms in 2021. Overall, exports continued to show strong growth. The fastest growth rate was in 2013, with an increase of X%. During the period under review, exports peaked at $X in 2015; however, from 2016 to 2021, export figures were slightly lower.
Nigeria (X units) is the main destination for Ghanaian electric pulleys and lifts exports, accounting for X% of the total exports. In addition, exports of electric motor-driven pulley tackle and lifts to Nigeria more than tripled to the second major destination, Côte d'Ivoire (Taiwan X). From 2012 to 2021, Nigeria will grow at an average annual rate of +X%.
In value terms, Côte d'Ivoire ($X) remains the main foreign market for Ghana's exports of motor driven pulley tackle and lifts, accounting for X% of total exports. In second place is Nigeria ($X), accounting for X% of total exports. From 2012 to 2021, Côte d'Ivoire will grow at an average annual rate of +X% in value.
Ghana's purchases of electric motor-driven pulley tackle and hoists abroad for the third consecutive year will increase by X% to X units in 2021. Imports increased significantly during the reporting period. 2020 will see the fastest growth with an increase of X%. Imports peaked in 2021 and are expected to keep growing in the short term.
Imports of pulley tackle and hoists powered by electric motors fell to $X in value terms in 2021. Overall, however, imports fell markedly. The growth rate was most pronounced in 2014, where it increased by X%. During the period under review, imports peaked at $X in 2012; however, from 2013 to 2021, imports were slightly lower.
China (X units) is the largest supplier of electric pulley spreaders and hoists to Ghana in 2021, accounting for X% of total imports. In addition, imports of electric motor-driven pulley tackle and lifts from China surpassed the record figures of the second-largest supplier, Italy (Unit X), by more than ten times.
From 2012 to 2021, the average annual growth rate of sales volume in China is +X%. The average annual growth rate of imports for the remaining supplying countries is as follows: Italy (+X% per year) and France (+X% per year).
China ($X) is the largest supplier of Electric Pulley Spreaders and Lifts to Ghana by value, accounting for X% of total imports. In second place is France ($X), accounting for X% of total imports. From 2012 to 2021, the value from China will grow at an average annual rate of +X%. The average annual growth rates of imports for the remaining supplying countries are as follows: France (+X% per annum) and Italy (+X% per annum).
In value terms, China constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Ghana, comprising 50% of total imports. The second position in the ranking was taken by France, with a 15% share of total imports.
In value terms, Cote d'Ivoire remains the key foreign market for pulley tackle and hoists powered by an electric motor exports from Ghana, comprising 80% of total exports. The second position in the ranking was taken by Nigeria, with a 13% share of total exports.
In 2021, the average export price for pulley tackle and hoists powered by an electric motor amounted to $14 per unit, rising by 2.3% against the previous year.
In 2021, the average import price for pulley tackle and hoists powered by an electric motor amounted to $7.3 per unit, shrinking by -19% against the previous year.
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