Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Ghana - 2023
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Ghana (CIF) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Ghana
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Ghana (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $1,049 per ton in 2022, flattening at the previous year. In general, the import price saw a noticeable downturn. The most prominent rate of growth was recorded in 2017 an increase of 210% against the previous year. The import price peaked at $1,488 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($3,004 per ton), while the price for South Africa ($126 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.1%), while the prices for the other major suppliers experienced a decline.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Ghana
In 2022, after two years of decline, there was decline in purchases abroad of iron or non-alloy steel wire, plated or coated with non-zinc base metalses, when their volume decreased by 0% to 70 tons. Over the period under review, imports showed a significant contraction. The smallest decline of 99.9% was in 2020.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $74K in 2022. In general, imports showed a deep reduction. The smallest decline of 99.9% was in 2020.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 84.3 | N/A | N/A | 57.5 | -12.0% |
| India | 5.8 | N/A | N/A | 4.9 | -5.5% |
| China | 7.6 | N/A | N/A | 4.2 | -17.9% |
| South Africa | 9.2 | N/A | N/A | 2.3 | -37.0% |
| United Arab Emirates | 4.8 | N/A | N/A | 1.8 | -27.9% |
| Togo | 5.6 | N/A | N/A | N/A | 0% |
| Others | 5.3 | N/A | N/A | 2.8 | -19.2% |
| Total | 123 | N/A | N/A | 73.6 | -15.7% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Ghana in 2022:
- South Korea (19.1 tons)
- South Africa (18.6 tons)
- China (14.9 tons)
- India (11.0 tons)
- United Arab Emirates (5.3 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Ghana.
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