Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Ghana - 2023

Contents:

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

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

The average import price for ferrous waste and scrap; of tinned iron or steels stood at $201 per ton in 2022, dropping by -21.8% against the previous year. Over the period under review, the import price, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 7,168%. As a result, import price attained the peak level of $1,500 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Burkina Faso ($204 per ton), while the price for Togo stood at $149 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+93.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for ferrous waste and scrap; of tinned iron or steels amounted to $130 per ton, falling by -58% against the previous year. Over the period under review, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of 106% against the previous year. Over the period under review, the average export prices hit record highs at $360 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Togo ($281 per ton), while the average price for exports to Burkina Faso stood at $60 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Togo (+25.6%), while the prices for the other major destinations experienced a decline.

Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Ghana

In 2022, overseas purchases of ferrous waste and scrap; of tinned iron or steels decreased by -44.4% to 2.1K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, posted significant growth.

In value terms, imports of ferrous waste and scrap; of tinned iron or steels fell sharply to $430K in 2022. Overall, imports, however, showed a significant increase.

Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Ghana in 2022:

1. Burkina Faso (1962.7 tons)
2. Togo (166.6 tons)

Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Ghana

Exports of ferrous waste and scrap; of tinned iron or steels from Ghana contracted modestly to 20 tons in 2022, shrinking by -3.9% compared with the previous year. Over the period under review, exports faced a dramatic decline.

In value terms, exports of ferrous waste and scrap; of tinned iron or steels reduced notably to $2.6K in 2022. In general, exports continue to indicate a dramatic contraction. The smallest decline of -26.6% was in 2021.

Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Ghana in 2022:

1. Burkina Faso (13.7 tons)
2. Togo (6.3 tons)

Source: IndexBox Market Intelligence Platform