Price for Safety Pins and Other Pins; of Iron or Steel in Ghana - 2023

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Ghana (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Ghana (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Ghana
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Ghana

Price for Safety Pins and Other Pins; of Iron or Steel in Ghana (CIF) - 2022

In 2022, the average import price for safety pins and other pins; of iron or steels amounted to $730 per ton, dropping by -5% against the previous year. Overall, the import price faced a deep reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 45%. The import price peaked at $2,291 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 China ($473 per ton), while the price for Morocco ($114 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (-6.4%).

Price for Safety Pins and Other Pins; of Iron or Steel in Ghana (FOB) - 2022

The average export price for safety pins and other pins; of iron or steels stood at $1,200 per ton in 2022, dropping by -98.5% against the previous year. Overall, the export price recorded a abrupt decline. The growth pace was the most rapid in 2019 an increase of 651% against the previous year. The export price peaked at $77,972 per ton in 2021, and then shrank rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($1,259 per ton), while the average price for exports to Canada ($471 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+18.1%).

Imports of Safety Pins and Other Pins; of Iron or Steel in Ghana

In 2022, approx. 321 tons of safety pins and other pins; of iron or steels were imported into Ghana; rising by 17% against the year before. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of safety pins and other pins; of iron or steels expanded significantly to $234K in 2022. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Ghana in 2022:

1. China (271.8 tons)
2. Morocco (26.4 tons)
3. Thailand (7.0 tons)
4. Australia (4.5 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Ghana

In 2022, approx. 340 kg of safety pins and other pins; of iron or steels were exported from Ghana; jumping by 379% compared with the previous year. 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 safety pins and other pins; of iron or steels declined significantly to $408 in 2022. Overall, exports saw significant growth.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Ghana in 2022:

1. Netherlands (313.0 kg)
2. Canada (17.0 kg)
3. Nigeria (10.0 kg)

Source: IndexBox Market Intelligence Platform