Price for Aluminium; Alloys, Hollow Profiles in Ghana - 2023
Contents:
- Price for Aluminium; Alloys, Hollow Profiles in Ghana (CIF) - 2023
- Price for Aluminium; Alloys, Hollow Profiles in Ghana (FOB) - 2022
- Imports of Aluminium; Alloys, Hollow Profiles in Ghana
- Exports of Aluminium; Alloys, Hollow Profiles in Ghana
Price for Aluminium; Alloys, Hollow Profiles in Ghana (CIF) - 2023
The average aluminium; alloys, hollow profiles import price stood at $3,200 per ton in December 2023, declining by -8.6% against the previous month. Overall, the import price recorded a slight slump. The pace of growth was the most pronounced in November 2023 when the average import price increased by 17% month-to-month. The import price peaked at $3,607 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was China ($3,273 per ton), while the price for India ($2,185 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Turkey (-0.3%), while the prices for the other major suppliers experienced a decline.
Price for Aluminium; Alloys, Hollow Profiles in Ghana (FOB) - 2022
The average aluminium; alloys, hollow profiles export price stood at $2,142 per ton in 2022, reducing by -13.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2021 when the average export price increased by 76% against the previous year. As a result, the export price reached the peak level of $2,474 per ton, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($3,175 per ton), while the average price for exports to Niger ($445 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 Togo (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Alloys, Hollow Profiles in Ghana
After two years of decline, overseas purchases of aluminium; alloys, hollow profileses decreased by -52.7% to 2.4K tons in 2022. In general, imports showed a dramatic decrease.
In value terms, aluminium; alloys, hollow profiles imports fell notably to $7.4M in 2022. Over the period under review, imports showed a sharp curtailment.
| Import of Aluminium; Alloys, Hollow Profiles in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.7 | N/A | 15.4 | 7.0 | -20.1% |
| Others | 0.7 | N/A | 1.2 | 0.3 | -24.6% |
| Total | 14.4 | N/A | 16.6 | 7.4 | -19.9% |
Top Suppliers of Aluminium; Alloys, Hollow Profiles to Ghana in 2022:
- China (2.3K tons)
Exports of Aluminium; Alloys, Hollow Profiles in Ghana
Aluminium; alloys, hollow profiles exports from Ghana soared to 59 tons in 2022, increasing by 332% on 2021. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, aluminium; alloys, hollow profiles exports soared to $126K in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 384% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Aluminium; Alloys, Hollow Profiles in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 26.2 | 4.5 | 25.7 | 103 | 57.8% |
| Togo | 0.4 | 2.5 | 2.4 | 15.8 | 240.6% |
| Niger | N/A | N/A | N/A | 6.5 | 0% |
| Benin | N/A | N/A | 5.6 | 1.3 | -76.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 26.6 | 7.0 | 33.8 | 126 | 67.9% |
Top Export Markets for Aluminium; Alloys, Hollow Profiles from Ghana in 2022:
- Cote d'Ivoire (32.4 tons)
- Niger (14.6 tons)
- Togo (11.0 tons)
- Benin (1.0 tons)
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