Ghana - Base Metal Coated Electrodes For Electric Arc-Welding - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCoated Arc-Welding Electrode Price in Ghana - 2022
Contents:
- Coated Arc-Welding Electrode Price in Ghana (CIF) - 2022
- Coated Arc-Welding Electrode Price in Ghana (FOB) - 2022
- Coated Arc-Welding Electrode Imports in Ghana
- Coated Arc-Welding Electrode Exports in Ghana
Coated Arc-Welding Electrode Price in Ghana (CIF) - 2022
In 2022, the average coated arc-welding electrode import price amounted to $1,275 per ton, increasing by 3.7% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coated arc-welding electrode import price increased by +93.2% against 2019 indices. The growth pace was the most rapid in 2020 when the average import price increased by 37%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($81,463 per ton), while the price for China ($1,190 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+46.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Coated Arc-Welding Electrode Price in Ghana (FOB) - 2022
In 2022, the average coated arc-welding electrode export price amounted to $1,643 per ton, which is down by -6.6% against the previous year. Overall, the export price saw a slight reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,401 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($3,970 per ton), while the average price for exports to Niger ($542 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+12.7%), while the prices for the other major destinations experienced mixed trend patterns.
Coated Arc-Welding Electrode Imports in Ghana
In 2022, supplies from abroad of coated base metal electrodes for electric arc-welding decreased by -18.7% to 9K tons, falling for the second year in a row after two years of growth. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 168%. As a result, imports reached the peak of 12K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, coated arc-welding electrode imports fell remarkably to $12M in 2022. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 269% against the previous year.
| Import of Coated Arc-Welding Electrode in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.5 | 9.1 | 11.7 | 9.4 | 84.4% |
| United Arab Emirates | 0.1 | 0.3 | 0.8 | 0.8 | 100.0% |
| India | 0.3 | 0.2 | 0.3 | 0.4 | 10.1% |
| Czech Republic | 0.2 | 0.3 | 0.2 | 0.2 | 0.0% |
| Others | 0.7 | 0.7 | 0.7 | 0.7 | 0.0% |
| Total | 2.9 | 10.6 | 13.6 | 11.5 | 58.3% |
Top Suppliers of Coated Arc-Welding Electrode to Ghana in 2022:
- China (7.9K tons)
- United Arab Emirates (0.5K tons)
- India (0.2K tons)
- Czech Republic (0.1K tons)
Coated Arc-Welding Electrode Exports in Ghana
For the fourth consecutive year, Ghana recorded growth in overseas shipments of coated base metal electrodes for electric arc-welding, which increased by 20% to 23 tons in 2022. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 83% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, coated arc-welding electrode exports expanded rapidly to $38K in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 86% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Coated Arc-Welding Electrode in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 9.1 | 12.4 | 22.2 | 23.1 | 36.4% |
| Burkina Faso | 1.4 | 1.8 | 6.0 | 9.2 | 87.3% |
| Togo | 0.2 | 0.6 | 1.3 | 1.7 | 104.1% |
| Benin | 0.7 | 1.7 | 2.2 | 1.3 | 22.9% |
| Niger | 0.4 | 0.6 | 0.9 | 0.7 | 20.5% |
| Others | 0.6 | 1.3 | 1.4 | 1.9 | 46.8% |
| Total | 12.4 | 18.3 | 33.9 | 37.9 | 45.1% |
Top Export Markets for Coated Arc-Welding Electrode from Ghana in 2022:
- Nigeria (12.4 tons)
- Burkina Faso (6.7 tons)
- Togo (2.0 tons)
- Niger (1.2 tons)
- Benin (0.3 tons)
This report provides an in-depth analysis of the coated arc-welding electrode 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 25931510 - Base metal coated electrodes for electric arc-welding
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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