Price for Ferrous Waste and Scrap; of Cast Iron in Ghana - 2023

Contents:

1. Price for Ferrous Waste and Scrap; of Cast Iron in Ghana (CIF) - 2022
2. Price for Ferrous Waste and Scrap; of Cast Iron in Ghana (FOB) - 2022
3. Imports of Ferrous Waste and Scrap; of Cast Iron in Ghana
4. Exports of Ferrous Waste and Scrap; of Cast Iron in Ghana

Price for Ferrous Waste and Scrap; of Cast Iron in Ghana (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; of cast ira amounted to $122 per ton, reducing by -28.9% against the previous year. Overall, the import price saw a sharp decline. The pace of growth was the most pronounced in 2017 when the average import price increased by 46%. Over the period under review, average import prices hit record highs at $9,500 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($154 per ton), while the price for Burkina Faso ($98 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (+11.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Ferrous Waste and Scrap; of Cast Iron in Ghana (FOB) - 2022

In 2022, the average export price for ferrous waste and scrap; of cast ira amounted to $1,413 per ton, declining by -21% against the previous year. Overall, the export price recorded a deep reduction. Over the period under review, the average export prices attained the peak figure at $3,086 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +177.1% per year.

Imports of Ferrous Waste and Scrap; of Cast Iron in Ghana

In 2022, after two years of decline, there was significant decline in purchases abroad of ferrous waste and scrap; of cast ira, when their volume decreased by -37.3% to 1.2K tons. In general, imports, however, saw a significant expansion.

In value terms, imports of ferrous waste and scrap; of cast ira declined markedly to $148K in 2022. Over the period under review, imports, however, saw a significant increase.

Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Ghana in 2022:

1. Burkina Faso (640.6 tons)
2. Togo (541.5 tons)
3. Cote d'Ivoire (31.5 tons)

Exports of Ferrous Waste and Scrap; of Cast Iron in Ghana

In 2022, exports of ferrous waste and scrap; of cast ira from Ghana skyrocketed to 300 kg, with an increase of 233% on 2021 figures. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of ferrous waste and scrap; of cast ira skyrocketed to $424 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 Ferrous Waste and Scrap; of Cast Iron from Ghana in 2022:

1. Cote d'Ivoire (300.0 kg)

Source: IndexBox Market Intelligence Platform