Price for Steel, Stainless; Angles, Shapes and Sections in Ghana - 2023
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Ghana (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in Ghana (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Ghana
- Exports of Steel, Stainless; Angles, Shapes and Sections in Ghana
Price for Steel, Stainless; Angles, Shapes and Sections in Ghana (CIF) - 2022
In 2022, the average import price for steel, stainless amounted to $478 per ton, shrinking by -37.8% against the previous year. Over the period under review, the import price showed a precipitous decrease. The pace of growth appeared the most rapid in 2015 an increase of 46% against the previous year. The import price peaked at $8,944 per ton in 2012; however, from 2013 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 Turkey ($3,107 per ton), while the price for China ($282 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+9.0%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Stainless; Angles, Shapes and Sections in Ghana (FOB) - 2022
The average export price for steel, stainless stood at $1,249 per ton in 2022, jumping by 78% against the previous year. In general, the export price, however, recorded a precipitous decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by 444% against the previous year. As a result, the export price attained the peak level of $97,241 per ton. From 2019 to 2022, 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 Burkina Faso.
From 2013 to 2022, the rate of growth in terms of prices for Burkina Faso amounted to -39.6% per year.
Imports of Steel, Stainless; Angles, Shapes and Sections in Ghana
In 2022, purchases abroad of steel, stainless decreased by -47.4% to 372 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a remarkable increase.
In value terms, imports of steel, stainless contracted sharply to $273K in 2022. In general, imports, however, saw a remarkable increase.
| Import of Steel, Stainless; Angles, Shapes and Sections in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 178 | N/A | 338 | 83.3 | -22.4% |
| Portugal | 0.1 | N/A | 17.2 | 45.9 | 671.4% |
| Turkey | 15.4 | N/A | 28.0 | 22.3 | 13.1% |
| South Korea | 0.4 | N/A | 3.4 | 12.2 | 212.4% |
| Hong Kong SAR | 7.1 | N/A | 21.5 | 5.6 | -7.6% |
| Others | 28.6 | N/A | 130 | 103 | 53.3% |
| Total | 230 | N/A | 538 | 273 | 5.9% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Ghana in 2022:
- China (295.6 tons)
- Portugal (25.3 tons)
- South Korea (13.5 tons)
- Hong Kong SAR (11.0 tons)
- Turkey (7.2 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Ghana
Exports of steel, stainless from Ghana skyrocketed to 12 tons in 2022, increasing by 232% compared with 2021. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, stainless surged to $15K in 2022. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; Angles, Shapes and Sections in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Burkina Faso | N/A | 14.9 | 0% | ||
| Togo | 2.5 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 2.5 | 14.9 | 496.0% | ||
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Ghana in 2022:
- Burkina Faso (12.0 tons)
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