Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Ghana - 2023

Contents:

1. Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Ghana (CIF) - 2022
2. Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Ghana (FOB) - 2022
3. Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Ghana
4. Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Ghana

Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Ghana (CIF) - 2022

In 2022, the average import price for drawing, marking-out or mathematical calculating instrumentses amounted to $5.3 per unit, shrinking by -25.3% against the previous year. In general, the import price, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 an increase of 111%. Over the period under review, average import prices attained the maximum at $7.1 per unit in 2021, and then reduced dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Senegal ($8.4 per unit), while the price for Turkey ($0.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+41.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Ghana (FOB) - 2022

In 2022, the average export price for drawing, marking-out or mathematical calculating instrumentses amounted to $17 per unit, rising by 1.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 165% against the previous year. As a result, the export price attained the peak level of $34 per unit. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($23 per unit), while the average price for exports to the United States ($1 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 Burkina Faso (+2.8%), while the prices for the other major destinations experienced a decline.

Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Ghana

In 2022, overseas purchases of drawing, marking-out or mathematical calculating instrumentses decreased by -15.2% to 96K units, falling for the second year in a row after two years of growth. In general, imports showed a dramatic setback. The growth pace was the most rapid in 2020 when imports increased by 30%. As a result, imports reached the peak of 259K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of drawing, marking-out or mathematical calculating instrumentses dropped significantly to $513K in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 173% against the previous year. As a result, imports attained the peak of $1.4M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Drawing, Marking-Out or Mathematical Calculating Instruments to Ghana in 2022:

1. China (61.7K units)
2. Nigeria (13.8K units)
3. India (5.9K units)
4. Senegal (2.8K units)
5. Turkey (2.7K units)
6. United Arab Emirates (2.6K units)
7. South Africa (2.1K units)

Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Ghana

In 2022, exports of drawing, marking-out or mathematical calculating instrumentses from Ghana skyrocketed to 20 units, jumping by 54% against the year before. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 55%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of drawing, marking-out or mathematical calculating instrumentses soared to $349 in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 310%. As a result, the exports attained the peak of $574. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Drawing, Marking-Out or Mathematical Calculating Instruments from Ghana in 2022:

1. Burkina Faso (15.0 units)
2. South Africa (1.0 units)
3. Cote d'Ivoire (1.0 units)
4. United States (1.0 units)
5. Austria (1.0 units)
6. Mali (1.0 units)

Source: IndexBox Market Intelligence Platform