Price for Winding Wire, Other than of Copper in Ghana - 2023
Contents:
- Price for Winding Wire, Other than of Copper in Ghana (CIF) - 2022
- Price for Winding Wire, Other than of Copper in Ghana (FOB) - 2022
- Imports of Winding Wire, Other than of Copper in Ghana
- Exports of Winding Wire, Other than of Copper in Ghana
Price for Winding Wire, Other than of Copper in Ghana (CIF) - 2022
In 2022, the average import price for winding wire, other than of coppers amounted to $2,172 per ton, increasing by 4.4% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 474% against the previous year. As a result, import price attained the peak level of $29,100 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($20,105 per ton), while the price for the United Arab Emirates ($813 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire, Other than of Copper in Ghana (FOB) - 2022
The average export price for winding wire, other than of coppers stood at $3,705 per ton in 2022, waning by -37.8% against the previous year. Overall, the export price, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 111% against the previous year. The export price peaked at $5,955 per ton in 2021, and then fell sharply in the following year.
As there is only one major export destination, the average price level is determined by prices for Burkina Faso.
From 2012 to 2022, the rate of growth in terms of prices for Burkina Faso amounted to +18.7% per year.
Imports of Winding Wire, Other than of Copper in Ghana
In 2022, after two years of decline, there was significant decline in supplies from abroad of winding wire, other than of coppers, when their volume decreased by -28.9% to 228 tons. Over the period under review, imports, however, saw a prominent increase.
In value terms, imports of winding wire, other than of coppers fell significantly to $496K in 2022. Overall, imports recorded a abrupt shrinkage.
| Import of Winding Wire, Other than of Copper in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.6 | N/A | 89.8 | 184 | 203.2% |
| Portugal | 0.7 | N/A | 6.9 | 97.0 | 417.5% |
| India | 250 | N/A | 11.6 | 80.5 | -31.5% |
| United Arab Emirates | 12.8 | N/A | 157 | 75.9 | 81.0% |
| South Africa | 2.7 | N/A | 12.5 | 19.2 | 92.3% |
| United States | 528 | N/A | 12.0 | 3.4 | -81.4% |
| South Korea | N/A | N/A | 320 | 1.1 | -99.7% |
| Others | 36.8 | N/A | 68.7 | 34.9 | -1.8% |
| Total | 838 | N/A | 679 | 496 | -16.0% |
Top Suppliers of Winding Wire, Other than of Copper to Ghana in 2022:
- United Arab Emirates (93.4 tons)
- China (79.8 tons)
- India (27.2 tons)
- Portugal (17.3 tons)
- South Africa (4.5 tons)
- United States (0.2 tons)
- South Korea (0.1 tons)
Exports of Winding Wire, Other than of Copper in Ghana
In 2022, the amount of winding wire, other than of coppers exported from Ghana skyrocketed to 1.6 tons, increasing by 1,007% against the year before. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of winding wire, other than of coppers soared to $3.2K in 2022. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Winding Wire, Other than of Copper in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | N/A | N/A | N/A | 3.2 | 0% |
| Ethiopia | 0.1 | N/A | N/A | N/A | 0% |
| Democratic Republic of the Congo | N/A | N/A | 0.9 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.1 | N/A | 0.9 | 3.2 | 217.5% |
Top Export Markets for Winding Wire, Other than of Copper from Ghana in 2022:
- Burkina Faso (1.6 tons)
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