Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ghana - 2023
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ghana (CIF) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ghana (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ghana
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ghana
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ghana (CIF) - 2022
In 2022, the average import price for iron or steel; non-threaded cotters and cotter-pinses amounted to $6,133 per ton, declining by -57.2% against the previous year. Overall, the import price continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2013 an increase of 77% against the previous year. The import price peaked at $15,613 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 Australia ($30,658 per ton), while the price for China ($1,554 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ghana (FOB) - 2022
In 2022, the average export price for iron or steel; non-threaded cotters and cotter-pinses amounted to $6,101 per ton, shrinking by -65.9% against the previous year. Overall, the export price faced a deep reduction. The growth pace was the most rapid in 2013 an increase of 476%. The export price peaked at $559,636 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($9,288 per ton), while the average price for exports to South Africa ($1,938 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 Cote d'Ivoire (-3.8%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ghana
Imports of iron or steel; non-threaded cotters and cotter-pinses into Ghana surged to 532 tons in 2022, rising by 175% on 2021 figures. Overall, imports, however, recorded a deep slump.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses soared to $3.3M in 2022. In general, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 236 | N/A | 459 | 553 | 32.8% |
| United States | 637 | N/A | 119 | 191 | -33.1% |
| France | 0.7 | N/A | 48.1 | 175 | 530.0% |
| Netherlands | 2.9 | N/A | 240 | 129 | 254.3% |
| United Kingdom | 145 | N/A | 68.5 | 128 | -4.1% |
| China | 22.5 | N/A | 77.5 | 110 | 69.7% |
| United Arab Emirates | 25.9 | N/A | 54.8 | 99.5 | 56.6% |
| Australia | 69.0 | N/A | 20.1 | 95.6 | 11.5% |
| Panama | 77.2 | N/A | N/A | N/A | 0% |
| Others | 1,453 | N/A | 1,687 | 1,783 | 7.1% |
| Total | 2,669 | N/A | 2,775 | 3,262 | 6.9% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Ghana in 2022:
- China (70.6 tons)
- Belgium (34.3 tons)
- United States (33.4 tons)
- United Kingdom (14.1 tons)
- France (13.8 tons)
- United Arab Emirates (13.2 tons)
- Australia (3.1 tons)
- Netherlands (2.7 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ghana
In 2022, the amount of iron or steel; non-threaded cotters and cotter-pinses exported from Ghana expanded rapidly to 7.5 tons, growing by 9.6% against the previous year. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses declined dramatically to $45K in 2022. In general, exports continue to indicate a significant expansion.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | N/A | 0.3 | 12.1 | 3933.3% |
| Cote d'Ivoire | 0.1 | N/A | 11.4 | 8.9 | 346.5% |
| South Africa | N/A | N/A | N/A | 1.7 | 0% |
| United States | N/A | N/A | 49.1 | N/A | 0% |
| Others | 8.5 | N/A | 60.8 | 22.8 | 38.9% |
| Total | 8.6 | N/A | 122 | 45.5 | 74.2% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Ghana in 2022:
- Belgium (2.9 tons)
- Cote d'Ivoire (1.0 tons)
- South Africa (0.9 tons)
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