Quartzite Price in Ghana - 2023
Contents:
- Quartzite Price in Ghana (CIF) - 2022
- Quartzite Price in Ghana (FOB) - 2022
- Quartzite Imports in Ghana
- Quartzite Exports in Ghana
Quartzite Price in Ghana (CIF) - 2022
The average quartzite import price stood at $3,682 per ton in 2022, increasing by 128% against the previous year. In general, the import price posted prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Italy ($4,020 per ton), while the price for China ($1,049 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+33.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Quartzite Price in Ghana (FOB) - 2022
The average quartzite export price stood at $1,587 per ton in 2022, growing by 59% against the previous year. Over the period under review, the export price saw a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +18.9% per year.
Quartzite Imports in Ghana
In 2022, supplies from abroad of quartzite decreased by -52.7% to 2.5 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year. As a result, imports reached the peak of 5.6 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, quartzite imports expanded remarkably to $9.2K in 2022. In general, imports saw a noticeable decrease. The pace of growth was the most pronounced in 2021 when imports increased by 8.6% against the previous year.
| Import of Quartzite in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | N/A | 8.6 | 0% |
| India | 5.8 | 4.2 | 4.8 | 0.4 | -59.0% |
| China | 4.2 | 3.7 | 3.8 | 0.3 | -58.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.0 | 7.9 | 8.6 | 9.2 | -2.7% |
Top Suppliers of Quartzite to Ghana in 2022:
- Italy (2132.0 kg)
- China (264.0 kg)
- India (113.0 kg)
Quartzite Exports in Ghana
For the third consecutive year, Ghana recorded decline in overseas shipments of quartzite, which decreased by -66.7% to 1.9 tons in 2022. In general, exports saw a significant curtailment. The smallest decline of -42.3% was in 2021.
In value terms, quartzite exports dropped markedly to $2.9K in 2022. Over the period under review, exports continue to indicate a precipitous decrease. The smallest decline of -27.2% was in 2021.
| Export of Quartzite in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.5 | 7.6 | 5.6 | 2.9 | -34.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.5 | 7.6 | 5.6 | 2.9 | -34.9% |
Top Export Markets for Quartzite from Ghana in 2022:
- China (1.9 tons)
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