Price for Steel, Alloy; Semi-Finished Products in Ghana - 2022
Contents:
- Price for Steel, Alloy; Semi-Finished Products in Ghana (CIF) - 2022
- Imports of Steel, Alloy; Semi-Finished Products in Ghana
Price for Steel, Alloy; Semi-Finished Products in Ghana (CIF) - 2022
In 2022, the average steel, alloy; semi-finished products import price amounted to $4,731 per ton, surging by 98% against the previous year. Overall, the import price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 119%. Over the period under review, average import prices hit record highs at $7,810 per ton in 2017; however, from 2018 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 India ($7,426 per ton), while the price for China ($1,146 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.5%), while the prices for the other major suppliers experienced a decline.
Imports of Steel, Alloy; Semi-Finished Products in Ghana
In 2022, after three years of growth, there was significant decline in overseas purchases of steel, alloy; semi-finished productses, when their volume decreased by -65.9% to 7.4 tons. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,320%. As a result, imports attained the peak of 22 tons, and then shrank rapidly in the following year.
In value terms, steel, alloy; semi-finished products imports declined notably to $35K in 2022. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 372%. As a result, imports attained the peak of $52K, and then contracted notably in the following year.
| Import of Steel, Alloy; Semi-Finished Products in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 0.6 | 1.9 | 5.9 | 13.2 | 180.2% |
| Italy | 0.9 | 1.8 | 2.0 | 5.2 | 79.4% |
| China | 4.1 | 2.4 | 0.8 | 2.1 | -20.0% |
| India | 0.2 | 0.7 | 0.1 | 1.5 | 95.7% |
| United Arab Emirates | N/A | N/A | 38.1 | N/A | 0% |
| Others | 1.7 | 4.1 | 4.7 | 12.9 | 96.5% |
| Total | 7.4 | 10.9 | 51.5 | 34.9 | 67.7% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to Ghana in 2022:
- South Africa (2.8 tons)
- Italy (2.3 tons)
- China (1.8 tons)
- India (0.2 tons)
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