Price for Winding Wire of Copper in Ghana - 2023
Contents:
- Price for Winding Wire of Copper in Ghana (CIF) - 2022
- Price for Winding Wire of Copper in Ghana (FOB) - 2022
- Imports of Winding Wire of Copper in Ghana
- Exports of Winding Wire of Copper in Ghana
Price for Winding Wire of Copper in Ghana (CIF) - 2022
In 2022, the average winding wire of copper import price amounted to $6,456 per ton, picking up by 29% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 588%. Over the period under review, average import prices attained the peak figure at $13,556 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($38,893 per ton), while the price for Turkey ($903 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire of Copper in Ghana (FOB) - 2022
The average winding wire of copper export price stood at $7,358 per ton in 2022, leveling off at the previous year. In general, the export price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 228% against the previous year. As a result, the export price reached the peak level of $7,395 per ton, leveling off in the following year.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +168.8% per year.
Imports of Winding Wire of Copper in Ghana
In 2022, approx. 640 tons of winding wire of coppers were imported into Ghana; rising by 295% compared with 2021 figures. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, winding wire of copper imports surged to $2.1M in 2022. Over the period under review, imports recorded a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Winding Wire of Copper in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 43.6 | N/A | 139 | 648 | 145.9% |
| United Kingdom | 464 | N/A | 131 | 441 | -1.7% |
| United Arab Emirates | 130 | N/A | 111 | 403 | 45.8% |
| Portugal | 1.2 | N/A | 1.6 | 252 | 494.4% |
| South Africa | 59.5 | N/A | 170 | 99.7 | 18.8% |
| India | 310 | N/A | 131 | 42.6 | -48.4% |
| Turkey | 26.0 | N/A | 3.9 | 18.5 | -10.7% |
| Others | 520 | N/A | 154 | 206 | -26.6% |
| Total | 1,554 | N/A | 842 | 2,111 | 10.8% |
Top Suppliers of Winding Wire of Copper to Ghana in 2022:
- China (246.2 tons)
- Portugal (233.7 tons)
- United Arab Emirates (104.5 tons)
- Turkey (20.5 tons)
- United Kingdom (11.3 tons)
- India (7.5 tons)
- South Africa (7.0 tons)
Exports of Winding Wire of Copper in Ghana
For the fourth consecutive year, Ghana recorded growth in shipments abroad of winding wire of coppers, which increased by 301% to 50 tons in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, winding wire of copper exports soared to $365K in 2022. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 893% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Winding Wire of Copper in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 365 | 0% |
| Burkina Faso | N/A | 9.2 | N/A | N/A | 0% |
| South Africa | N/A | N/A | 24.1 | N/A | 0% |
| Angola | N/A | N/A | 66.5 | N/A | 0% |
| Others | 1.3 | N/A | 0.9 | N/A | -16.8% |
| Total | 1.3 | 9.2 | 91.5 | 365 | 554.8% |
Top Export Markets for Winding Wire of Copper from Ghana in 2022:
- United Arab Emirates (49.6 tons)
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