Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Ghana - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Ghana (CIF) - 2022
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Ghana
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Ghana (CIF) - 2022
In 2022, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $4,481 per ton, reducing by -19.9% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms increased by +81.3% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 62% against the previous year. As a result, import price attained the peak level of $5,597 per ton, and then dropped markedly in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($5,718 per ton), while the price for China totaled $4,441 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Ghana
In 2022, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms into Ghana shrank dramatically to 5 tons, with a decrease of -77% compared with the year before. Overall, imports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. As a result, imports attained the peak of 22 tons, and then reduced rapidly in the following year.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms shrank rapidly to $22K in 2022. Over the period under review, imports saw a sharp setback. The growth pace was the most rapid in 2021 with an increase of 172%. As a result, imports reached the peak of $121K, and then declined notably in the following year.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 4.5 | 21.5 | 377.8% |
| Netherlands | 80.3 | 44.6 | 117 | 0.9 | -77.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 80.3 | 44.6 | 121 | 22.3 | -34.8% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Ghana in 2022:
- China (4.8 tons)
- Netherlands (0.2 tons)
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