Price for Steel, Stainless; Ingots and Other Primary Forms in Ghana - 2023

Contents:

1. Price for Steel, Stainless; Ingots and Other Primary Forms in Ghana (CIF) - 2022
2. Price for Steel, Stainless; Ingots and Other Primary Forms in Ghana (FOB) - 2022
3. Imports of Steel, Stainless; Ingots and Other Primary Forms in Ghana
4. Exports of Steel, Stainless; Ingots and Other Primary Forms in Ghana

Price for Steel, Stainless; Ingots and Other Primary Forms in Ghana (CIF) - 2022

In 2022, the average import price for steel, stainless; ingots and other primary formses amounted to $3,942 per ton, shrinking by -42.6% against the previous year. Over the period under review, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2019 an increase of 127%. Over the period under review, average import prices attained the maximum at $19,591 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 the UK ($4,242 per ton), while the price for South Africa stood at $1,979 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+68.1%), while the prices for the other major suppliers experienced a decline.

Price for Steel, Stainless; Ingots and Other Primary Forms in Ghana (FOB) - 2022

The average export price for steel, stainless; ingots and other primary formses stood at $1,410 per ton in 2021, approximately equating the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 a decrease of 99.9%. Over the period under review, the average export prices hit record highs at $1,429 per ton in 2017; afterwards, it flattened through to 2021.

As there is only one major export destination, the average price level is determined by prices for China.

From 2017 to 2021, the rate of growth in terms of prices for China amounted to -5.9% per year.

Imports of Steel, Stainless; Ingots and Other Primary Forms in Ghana

In 2022, the amount of steel, stainless; ingots and other primary formses imported into Ghana fell to 411 kg, waning by -5.5% on the previous year's figure. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 2,189% against the previous year. As a result, imports attained the peak of 435 kg, and then declined in the following year.

In value terms, imports of steel, stainless; ingots and other primary formses dropped rapidly to $1.6K in 2022. In general, imports showed a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 1,276%. As a result, imports attained the peak of $3K, and then declined notably in the following year.

Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Ghana in 2022:

1. United Kingdom (359.0 kg)
2. South Africa (48.0 kg)

Exports of Steel, Stainless; Ingots and Other Primary Forms in Ghana

Exports of steel, stainless; ingots and other primary formses from Ghana was estimated at 2.4K tons in 2021, therefore, remained relatively stable against 2020. Overall, exports showed a relatively flat trend pattern. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, exports of steel, stainless; ingots and other primary formses totaled $3.4M in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in years to come.

Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Ghana in 2022:

1. China (1.2K tons)

Source: IndexBox Market Intelligence Platform