Aluminium Wire Price in Ghana - 2023

Contents:

1. Aluminium Wire Price in Ghana (FOB) - 2022
2. Aluminium Wire Price in Ghana (CIF) - 2022
3. Aluminium Wire Exports in Ghana
4. Aluminium Wire Imports in Ghana

Aluminium Wire Price in Ghana (FOB) - 2022

The average aluminium wire export price stood at $3,331 per ton in 2022, with an increase of 34% against the previous year. In general, the export price showed tangible growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($3,590 per ton), while the average price for exports to Nigeria ($3,098 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Wire Price in Ghana (CIF) - 2022

The average aluminium wire import price stood at $2,190 per ton in 2022, reducing by -33.9% against the previous year. Over the period under review, the import price, however, enjoyed notable growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 74% against the previous year. The import price peaked at $3,311 per ton in 2021, and then shrank markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($6,512 per ton), while the price for China ($2,026 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Aluminium Wire Exports in Ghana

Aluminium wire exports from Ghana skyrocketed to 439 tons in 2022, surging by 103% on 2021 figures. Over the period under review, exports recorded a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, aluminium wire exports surged to $1.5M in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Aluminium Wire from Ghana in 2022:

1. Nigeria (194.8 tons)
2. Cote d'Ivoire (181.8 tons)
3. Mali (62.0 tons)

Aluminium Wire Imports in Ghana

In 2022, after two years of decline, there was significant decline in purchases abroad of aluminium wires, when their volume decreased by -49.8% to 95 tons. Overall, imports faced a sharp contraction.

In value terms, aluminium wire imports shrank remarkably to $207K in 2022. Over the period under review, imports faced a precipitous shrinkage.

Top Suppliers of Aluminium Wire to Ghana in 2022:

1. China (88.8 tons)
2. India (3.9 tons)
3. Netherlands (0.2 tons)

Source: IndexBox Market Intelligence Platform