Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ghana - 2023

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ghana (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ghana (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ghana
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ghana

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ghana (CIF) - 2022

In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $2.9 per unit, growing by 32% against the previous year. Over the period under review, the import price, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 an increase of 69%. As a result, import price attained the peak level of $6.5 per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($26 per unit), while the price for China ($1.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ghana (FOB) - 2022

In 2021, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to less than $0.1 per unit, waning by -95.3% against the previous year. In general, the export price showed a dramatic descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 1,359% against the previous year. As a result, the export price reached the peak level of $4.9 per unit. From 2016 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for Burkina Faso amounted to -4.3% per year.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ghana

In 2022, supplies from abroad of millstones, grindstones, grinding wheels and the like; of natural stones decreased by -27.2% to 103K units for the first time since 2019, thus ending a two-year declining trend. In general, imports saw a precipitous shrinkage. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones attained the peak figure at 242K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones shrank slightly to $301K in 2022. Overall, imports, however, showed a buoyant increase. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones hit record highs at $314K in 2021, and then dropped slightly in the following year.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Ghana in 2022:

1. China (67.2K units)
2. Singapore (2.6K units)
3. Germany (1.9K units)
4. Italy (0.3K units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ghana

In 2021, approx. 5K units of millstones, grindstones, grinding wheels and the like; of natural stones were exported from Ghana; picking up by 178% on the previous year's figure. In general, exports, however, recorded a mild decrease. The exports peaked at 5.1K units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones reduced remarkably to $51 in 2021. Over the period under review, exports, however, saw a sharp decrease. The smallest decline of -85.7% was in 2020. The exports peaked at $2.7K in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Ghana in 2022:

1. South Africa (5.0K units)

Source: IndexBox Market Intelligence Platform