Price for Tube or Pipe Flanges, Other than Stainless Steel in Ghana - 2023
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Ghana (CIF) - 2022
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Ghana (FOB) - 2022
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in Ghana
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in Ghana
Price for Tube or Pipe Flanges, Other than Stainless Steel in Ghana (CIF) - 2022
The average import price for tube or pipe flanges, other than stainless steels stood at $4,617 per ton in 2022, with an increase of 51% against the previous year. Overall, the import price, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 71% against the previous year. The import price peaked at $8,818 per ton in 2017; however, from 2018 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 United States ($39,320 per ton), while the price for China ($1,421 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+84.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Flanges, Other than Stainless Steel in Ghana (FOB) - 2022
The average export price for tube or pipe flanges, other than stainless steels stood at $19,772 per ton in 2022, waning by -51.2% against the previous year. Over the period under review, the export price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 6,299% against the previous year. Over the period under review, the average export prices attained the peak figure at $40,540 per ton in 2021, and then dropped remarkably in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Guinea ($28,010 per ton), while the average price for exports to South Africa ($3,818 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 the UK (+3.9%), while the prices for the other major destinations experienced a decline.
Imports of Tube or Pipe Flanges, Other than Stainless Steel in Ghana
Imports of tube or pipe flanges, other than stainless steels into Ghana surged to 494 tons in 2022, rising by 22% against 2021 figures. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of tube or pipe flanges, other than stainless steels soared to $2.3M in 2022. Overall, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tube or Pipe Flanges, Other than Stainless Steel in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 203 | N/A | 130 | 642 | 46.8% |
| China | 62.6 | N/A | 316 | 437 | 91.1% |
| South Africa | 132 | N/A | 68.8 | 129 | -0.8% |
| Italy | 369 | N/A | 33.3 | 127 | -29.9% |
| India | 117 | N/A | 131 | 89.6 | -8.5% |
| Trinidad and Tobago | N/A | N/A | 39.7 | 71.9 | 81.1% |
| United Arab Emirates | 25.5 | N/A | 33.5 | 50.5 | 25.6% |
| Others | 767 | N/A | 478 | 735 | -1.4% |
| Total | 1,675 | N/A | 1,231 | 2,281 | 10.8% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to Ghana in 2022:
- China (307.6 tons)
- United Kingdom (46.0 tons)
- South Africa (26.2 tons)
- India (25.7 tons)
- United Arab Emirates (14.6 tons)
- Italy (13.3 tons)
- Trinidad and Tobago (12.0 tons)
Exports of Tube or Pipe Flanges, Other than Stainless Steel in Ghana
In 2022, the amount of tube or pipe flanges, other than stainless steels exported from Ghana soared to 2.8 tons, rising by 64% on 2021 figures. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tube or pipe flanges, other than stainless steels fell rapidly to $55K in 2022. Over the period under review, exports saw a significant expansion.
| Export of Tube or Pipe Flanges, Other than Stainless Steel in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mali | N/A | N/A | N/A | 24.6 | 0% |
| Guinea | N/A | N/A | 66.2 | 24.1 | -63.6% |
| Democratic Republic of the Congo | N/A | N/A | N/A | 4.0 | 0% |
| Benin | N/A | N/A | N/A | 1.7 | 0% |
| Sierra Leone | N/A | N/A | 0.1 | N/A | 0% |
| United Kingdom | 3.1 | N/A | 0.6 | N/A | -56.0% |
| France | N/A | N/A | 0.3 | N/A | 0% |
| Others | 2.6 | N/A | 1.4 | 0.4 | -46.4% |
| Total | 5.7 | N/A | 68.6 | 54.7 | 112.5% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from Ghana in 2022:
- Mali (1181.0 kg)
- Guinea (860.0 kg)
- Democratic Republic of the Congo (401.0 kg)
- Benin (270.0 kg)
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