Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Ghana - 2023

Contents:

1. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Ghana (CIF) - 2022
2. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Ghana (FOB) - 2022
3. Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Ghana
4. Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Ghana

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Ghana (CIF) - 2022

In 2022, the average import price for sanitary ware and parts thereof, of iron or steel amounted to $7.2 per unit, picking up by 4% against the previous year. Over the period under review, the import price saw buoyant growth. The pace of growth appeared the most rapid in 2014 an increase of 8.7% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($32 per unit), while the price for China ($4.6 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 States (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Ghana (FOB) - 2022

In 2022, the average export price for sanitary ware and parts thereof, of iron or steel amounted to $6.4 per unit, approximately mirroring the previous year. In general, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 78% against the previous year. The export price peaked at $6.4 per unit in 2021, and then fell modestly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($43 per unit), while the average price for exports to Burkina Faso totaled $4.7 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+35.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Ghana

In 2022, imports of sanitary ware and parts thereof, of iron or steel into Ghana stood at 490K units, picking up by 4.9% on 2021 figures. In general, imports, however, faced a sharp downturn. Over the period under review, imports of attained the peak figure at 1.6M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of sanitary ware and parts thereof, of iron or steel rose rapidly to $3.6M in 2022. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Ghana in 2022:

1. China (310.1K units)
2. United Kingdom (26.7K units)
3. Hong Kong SAR (26.6K units)
4. Lebanon (22.0K units)
5. Turkey (17.2K units)
6. India (15.5K units)
7. Spain (14.4K units)
8. United Arab Emirates (12.3K units)
9. Italy (9.0K units)
10. Netherlands (8.7K units)
11. Germany (5.5K units)
12. United States (1.9K units)

Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Ghana

In 2022, approx. 2.5K units of sanitary ware and parts thereof, of iron or steel were exported from Ghana; growing by 35% against the previous year's figure. Over the period under review, exports, however, recorded a dramatic setback. The exports peaked at 7K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of sanitary ware and parts thereof, of iron or steel skyrocketed to $16K in 2022. In general, exports, however, continue to indicate a abrupt decrease. The exports peaked at $19K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from Ghana in 2022:

1. Burkina Faso (2400.0 units)
2. Niger (111.0 units)
3. United States (12.0 units)

Source: IndexBox Market Intelligence Platform