Sulphates; of Copper Price in Ghana - 2023

Contents:

  1. Sulphates; of Copper Price in Ghana (CIF) - 2022
  2. Sulphates; of Copper Price in Ghana (FOB) - 2022
  3. Sulphates; of Copper Imports in Ghana
  4. Sulphates; of Copper Exports in Ghana

Sulphates; of Copper Price in Ghana (CIF) - 2022

In 2022, the average sulphates; of copper import price amounted to $2,715 per ton, with an increase of 11% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of copper import price increased by +79.0% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 45%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($84,561 per ton), while the price for Romania ($2,079 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+43.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphates; of Copper Price in Ghana (FOB) - 2022

In 2022, the average sulphates; of copper export price amounted to $3,417 per ton, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices reached the maximum at $3,463 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($3,420 per ton), while the average price for exports to Cote d'Ivoire stood at $3,392 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+7.9%).

Sulphates; of Copper Imports in Ghana

In 2022, approx. 619 tons of sulphates; of coppers were imported into Ghana; growing by 81% compared with the previous year's figure. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 255%. As a result, imports reached the peak of 624 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sulphates; of copper imports skyrocketed to $1.7M in 2022. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 295% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Import of Sulphates; of Copper in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Romania14643442875072.5%
China11.569.9163456241.0%
Russia36.840385.026492.9%
Turkey0.12.273.1123971.4%
Taiwan (Chinese)58.889.755.739.0-12.8%
Others13.352.327.848.053.4%
Total2661,0518331,68084.8%

Top Suppliers of Sulphates; of Copper to Ghana in 2022:

  1. Romania (360.8 tons)
  2. China (109.0 tons)
  3. Russia (100.9 tons)
  4. Turkey (29.0 tons)
  5. Taiwan (Chinese) (11.8 tons)

Sulphates; of Copper Exports in Ghana

After two years of decline, overseas shipments of sulphates; of coppers decreased by 0% to 14 tons in 2022. In general, exports showed a dramatic decline. The smallest decline of -48.9% was in 2020.

In value terms, sulphates; of copper exports totaled $49K in 2022. Overall, exports continue to indicate a abrupt setback. The smallest decline of -48.6% was in 2020.

Export of Sulphates; of Copper in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Burkina Faso68.741.848.043.7-14.0%
Cote d'Ivoire26.47.21.05.2-41.8%
OthersN/AN/AN/AN/A0%
Total95.148.948.948.9-19.9%

Top Export Markets for Sulphates; of Copper from Ghana in 2022:

  1. Burkina Faso (12.8 tons)
  2. Cote d'Ivoire (1.5 tons)

Source: IndexBox Market Intelligence Platform

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