Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in Ghana - 2023

Contents:

  1. Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in Ghana (CIF) - 2022
  2. Imports of Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in Ghana

Price for Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in Ghana (CIF) - 2022

The average import price for zinc; unwrought, (not alloyed), containing by weight 99.99% or more of zincs stood at $1,326 per ton in 2022, waning by -6.3% against the previous year. In general, the import price saw a pronounced descent. The pace of growth was the most pronounced in 2014 when the average import price increased by 5.9%. As a result, import price reached the peak level of $2,155 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 Netherlands ($1,526 per ton), while the price for Belgium ($73 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.1%), while the prices for the other major suppliers experienced a decline.

Imports of Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in Ghana

In 2022, approx. 529 tons of zinc; unwrought, (not alloyed), containing by weight 99.99% or more of zincs were imported into Ghana; with an increase of 16% compared with the previous year's figure. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of zinc; unwrought, (not alloyed), containing by weight 99.99% or more of zincs rose significantly to $701K in 2022. The total import value increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 9.2% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

Import of Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands5225766346919.8%
Belgium4.44.24.03.8-4.8%
Togo4.13.52.92.5-15.2%
South KoreaN/AN/AN/A0.80%
Others8.34.31.43.7-23.6%
Total5395886427019.2%

Top Suppliers of Zinc; Unwrought, (Not Alloyed), Containing by Weight 99.99% or More of Zinc to Ghana in 2022:

  1. Netherlands (452.5 tons)
  2. Belgium (51.8 tons)
  3. Togo (12.9 tons)
  4. South Korea (8.8 tons)

Source: IndexBox Market Intelligence Platform

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