Ghana - Iron Or Steel Chain - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Chain Price in Ghana - 2022
Contents:
- Metal Chain Price in Ghana (CIF) - 2022
- Metal Chain Price in Ghana (FOB) - 2022
- Metal Chain Imports in Ghana
- Metal Chain Exports in Ghana
Metal Chain Price in Ghana (CIF) - 2022
In 2022, the average metal chain import price amounted to $4,138 per ton, increasing by 12% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 48%. The import price peaked at $5,947 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($13,716 per ton), while the price for the United Arab Emirates ($253 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Chain Price in Ghana (FOB) - 2022
In 2022, the average metal chain export price amounted to $5,156 per ton, rising by 9.8% against the previous year. Over the period under review, the export price, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 111%. The export price peaked at $17,747 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($24,929 per ton), while the average price for exports to South Africa ($883 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 Sierra Leone (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.
Metal Chain Imports in Ghana
In 2022, approx. 75 tons of iron or steel chain were imported into Ghana; increasing by 4.1% compared with 2021 figures. In general, imports, however, showed a abrupt contraction. The growth pace was the most rapid in 2020 when imports increased by 44%. As a result, imports reached the peak of 142 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, metal chain imports skyrocketed to $311K in 2022. Overall, imports, however, showed a abrupt downturn.
Import of Metal Chain in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 22.5 | 156 | 87.3 | 119 | 74.2% |
South Africa | 20.1 | 5.3 | 23.6 | 25.9 | 8.8% |
Norway | 19.3 | 19.9 | 26.1 | 23.5 | 6.8% |
Netherlands | 32.2 | 9.8 | 0.2 | 19.3 | -15.7% |
Poland | 13.2 | 9.5 | 10.6 | 11.5 | -4.5% |
Australia | 64.4 | 43.6 | 15.3 | 8.1 | -49.9% |
Lebanon | 8.9 | 5.9 | 6.0 | 6.1 | -11.8% |
United States | 7.6 | 4.6 | 4.3 | 3.9 | -19.9% |
Hong Kong SAR | 3.3 | 2.3 | 2.6 | 2.7 | -6.5% |
United Arab Emirates | 0.2 | 0.3 | 0.5 | 2.0 | 115.4% |
Cote d'Ivoire | 0.1 | 0.8 | 0.7 | 0.7 | 91.3% |
Others | 210 | 98.2 | 89.5 | 88.7 | -25.0% |
Total | 402 | 356 | 267 | 311 | -8.2% |
Top Suppliers of Metal Chain to Ghana in 2022:
- China (40.0 tons)
- United Arab Emirates (7.8 tons)
- Lebanon (7.7 tons)
- South Africa (3.3 tons)
- Poland (1.6 tons)
- Hong Kong SAR (1.5 tons)
- Netherlands (1.4 tons)
- Cote d'Ivoire (1.3 tons)
- United States (1.2 tons)
- Australia (0.9 tons)
- Norway (0.3 tons)
Metal Chain Exports in Ghana
In 2022, approx. 1.6 tons of iron or steel chain were exported from Ghana; with an increase of 85% against the year before. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 834% against the previous year. As a result, the exports attained the peak of 4.8 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, metal chain exports surged to $8K in 2022. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 448%. As a result, the exports attained the peak of $12K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Metal Chain in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Kuwait | N/A | N/A | N/A | 6.4 | 0% |
Cote d'Ivoire | 0.6 | 0.1 | 1.4 | 1.1 | 22.4% |
South Africa | 0.3 | 0.3 | 0.2 | 0.1 | -30.7% |
Germany | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
Niger | N/A | 10.3 | N/A | N/A | 0% |
Others | 1.1 | 1.2 | 2.1 | 0.4 | -28.6% |
Total | 2.2 | 12.1 | 3.9 | 8.0 | 53.8% |
Top Export Markets for Metal Chain from Ghana in 2022:
- Kuwait (961.0 kg)
- Cote d'Ivoire (385.0 kg)
- South Africa (145.0 kg)
- Germany (48.0 kg)
This report provides an in-depth analysis of the metal chain market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931750 - Iron or steel chain excluding articulated link chain, skid chain, s tud-link and welded link chain - chain saws, or other articles in which chains play a subsidiary role, surveying chains
Country coverage:
- Ghana
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ghana
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, transmission shafts and cranks imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend patter...
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