Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ghana - 2022
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ghana (CIF) - 2022
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ghana (FOB) - 2022
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ghana
- Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ghana
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ghana (CIF) - 2022
The average import price for stainless steel; flat-rolled products of width less than 600mms stood at $2,818 per ton in 2022, waning by -2.8% against the previous year. Over the period under review, the import price, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2019 an increase of 71%. The import price peaked at $2,898 per ton in 2021, and then shrank modestly in the following year.
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 Portugal ($8,181 per ton), while the price for China ($1,734 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ghana (FOB) - 2022
In 2022, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $3,169 per ton, with an increase of 44% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 130%. As a result, the export price reached the peak level of $6,825 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($4,561 per ton), while the average price for exports to Burkina Faso ($3,000 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 Mali (+34.9%), while the prices for the other major destinations experienced a decline.
Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ghana
In 2022, approx. 1.4K tons of stainless steel; flat-rolled products of width less than 600mms were imported into Ghana; rising by 123% on the year before. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 204% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of stainless steel; flat-rolled products of width less than 600mms skyrocketed to $4M in 2022. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 332% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 697 | 2,770 | 506 | 2,146 | 45.5% |
| India | 5.9 | 76.3 | 103 | 673 | 385.0% |
| Portugal | 38.5 | 125 | 0.3 | 207 | 75.2% |
| Egypt | N/A | N/A | 929 | N/A | 0% |
| Others | 64.0 | 511 | 307 | 982 | 148.5% |
| Total | 805 | 3,482 | 1,846 | 4,008 | 70.8% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Ghana in 2022:
- China (1237.4 tons)
- India (102.5 tons)
- Portugal (25.3 tons)
Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ghana
In 2022, the amount of stainless steel; flat-rolled products of width less than 600mms exported from Ghana soared to 29 tons, picking up by 531% against the previous year's figure. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of stainless steel; flat-rolled products of width less than 600mms surged to $92K in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mali | 0.6 | 5.0 | 5.9 | 73.3 | 396.2% |
| Cote d'Ivoire | 0.2 | 1.5 | 2.2 | 11.3 | 283.7% |
| Burkina Faso | 1.3 | 3.1 | 2.0 | 7.7 | 80.9% |
| Others | 0.3 | 0.4 | N/A | N/A | 33.3% |
| Total | 2.5 | 9.9 | 10.2 | 92.3 | 233.0% |
Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Ghana in 2022:
- Mali (24.1 tons)
- Burkina Faso (2.6 tons)
- Cote d'Ivoire (2.5 tons)
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