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Ghana - Flat-Rolled Products of Iron or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
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Flat-Rolled Steel Products Market Size in Ghana
In 2023, after two years of growth, there was significant decline in the Ghanian flat-rolled steel products market, when its value decreased by X% to less than $X. Over the period under review, consumption, however, continues to indicate a significant increase. Flat-rolled steel products consumption peaked at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.
Flat-Rolled Steel Products Production in Ghana
In value terms, flat-rolled steel products production declined remarkably to $X in 2023 estimated in export price. In general, production, however, recorded a buoyant increase. The growth pace was the most rapid in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2023, production growth remained at a lower figure.
Flat-Rolled Steel Products Exports
Exports from Ghana
In 2022, after three years of decline, there was significant decline in shipments abroad of flat-rolled products of iron or non-alloy steel, when their volume decreased by X% to X tons. In general, exports, however, saw a resilient increase. The smallest decline of X% was in 2016. The exports peaked at X tons in 2021, and then dropped rapidly in the following year.
In value terms, flat-rolled steel products exports declined remarkably to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The smallest decline of X% was in 2019. Over the period under review, the exports hit record highs at $X in 2021, and then dropped sharply in the following year.
Exports by Country
South Africa (X tons) was the main destination for flat-rolled steel products exports from Ghana, with a X% share of total exports. Moreover, flat-rolled steel products exports to South Africa exceeded the volume sent to the second major destination, Togo (X tons), threefold.
From 2012 to 2022, the average annual growth rate of volume to South Africa totaled X%.
In value terms, South Africa ($X) emerged as the key foreign market for flat-rolled products of iron or non-alloy steel exports from Ghana, comprising X% of total exports. The second position in the ranking was held by Togo ($X), with a X% share of total exports.
From 2012 to 2022, the average annual rate of growth in terms of value to South Africa stood at X%.
Export Prices by Country
In 2022, the average flat-rolled steel products export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price continues to indicate significant growth. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Togo totaled $X per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%), while the prices for the other major destinations experienced a decline.
Flat-Rolled Steel Products Imports
Imports into Ghana
In 2023, purchases abroad of flat-rolled products of iron or non-alloy steel decreased by X% to X tons, falling for the second consecutive year after five years of decline. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2023, the growth of imports failed to regain momentum.
In value terms, flat-rolled steel products imports shrank notably to $X in 2023. In general, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2023, the growth of imports remained at a somewhat lower figure.
Imports by Country
In 2023, China (X tons) constituted the largest supplier of flat-rolled steel products to Ghana, with a X% share of total imports. Moreover, flat-rolled steel products imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was taken by Belgium (X tons), with an X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Belgium (X% per year).
In value terms, Malaysia ($X), Spain ($X) and China ($X) were the largest flat-rolled steel products suppliers to Ghana, with a combined X% share of total imports. Italy, Vietnam, Belgium, Singapore, South Korea and Turkey lagged somewhat behind, together accounting for a further X%.
Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2023, the average flat-rolled steel products import price amounted to $X per ton, waning by X% against the previous year. In general, the import price saw a noticeable slump. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the flat-rolled steel products market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24105110 - Tinplate, other tinned sheet and strip, including electrolytically chromium coated steel (ECCS)
- Prodcom 243220Z1 - Steel sheet and strip as well as cold-rolled slit strip (of nonalloy steel), hot-dipped or electrolytically metal-coated, of a width < .600 mm
Country coverage:
- Ghana
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ghana
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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