From January to October 2021, the bilateral import and export volume of goods between China and Ghana was US$7,825.11 million, an increase of US$1,116.0519 million compared with the same period in 2020, a year-on-year increase of 16.2%.
From January to October 2021, the total value of China’s exports to Ghana was US$6,640,075,700, an increase of US$1,446,389,700 compared with the same period in 2020, a year-on-year increase of 28%; the total value of China’s imports from Ghana was US$1,185,033,200, compared with 2020. During the same period, it decreased by $330.3378 million, a year-on-year decrease of 23.4%.
Ghana's economy has developed rapidly in recent years, and the mining and industrial industries have developed rapidly under the leadership of the government. In this process, Dongqi Crane was able to participate as a crane supplier in China. A total of 5 crane projects of various types have been provided to Ghana in 2021. In order to better open the Ghana market, this article will start with the data on the market size of overhead cranes in Ghana and analyze the changes in the crane market in Ghana in 2022.
Before we start discussing the aerial crane market in Ghana, we have a few small questions that need to be answered first. Let’s take a look
The Ghana Overhead Crane Market fell -X% to $X in 2020, the second consecutive year of decline after two years of growth. Overall, consumption continued to show a slight contraction. The fastest growth rate in 2015, an increase of X% year-on-year. As a result, spending reached the highest level of X dollars. From 2016 to 2020, the market growth rate remained at a low level.
In 2020, Ghana's bridge crane exports reached X units, the same as the previous year. Overall, exports showed a relatively flat trend pattern.
The total export value of overhead cranes in 2020 is X USD. During the period under review, exports grew significantly. The most significant growth rate occurred in 2013, which was an X% increase compared to the previous year. As a result, exports peaked at X dollars. Export growth failed to regain momentum between 2014 and 2020.
In 2020, overseas purchases of fixed-support overhead cranes decreased by X% to X units, the second consecutive year of decline after two consecutive years of growth. During the period under review, imports increased slightly. The rate of growth was most pronounced in 2015, when imports increased by X% year-on-year. As a result, imports peaked at X units. Import growth failed to regain momentum between 2016 and 2020.
In value terms, 2020 bridge crane imports have shrunk significantly to $X. Overall, imports fell sharply. The growth rate was most pronounced in 2018, with a year-on-year increase of X%. Imports peaked at $X in 2007; however, from 2008 to 2020, import figures were slightly lower.
The United States (X units), the Netherlands (X units) and Nigeria (X units) are the main suppliers of overhead crane imports to Ghana, accounting for X% of total imports. From 2007 to 2020, among the major suppliers, the Netherlands achieved the most significant growth rate in purchasing, while the other leaders saw a more moderate increase in imports.
The United States (USD X) is the largest supplier of overhead cranes to Ghana by value, accounting for X% of total imports. In second place is France ($X) with X% of total imports. It is followed by Italy with an X% share. From 2007 to 2020, the average annual growth rate of value from the United States is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: France (+X% per annum) and Italy (+X% per annum).
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