Ghana - Iron Or Steel Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Wool Price in Ghana - 2022
Contents:
- Metal Wool Price in Ghana (CIF) - 2022
- Metal Wool Price in Ghana (FOB) - 2022
- Metal Wool Imports in Ghana
- Metal Wool Exports in Ghana
Metal Wool Price in Ghana (CIF) - 2022
The average metal wool import price stood at $4,079 per ton in 2022, surging by 15% against the previous year. Over the period under review, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 69%. Over the period under review, average import prices attained the peak figure at $4,531 per ton in 2020; however, from 2021 to 2022, 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 Egypt ($5,603 per ton), while the price for Hong Kong SAR ($749 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Wool Price in Ghana (FOB) - 2022
The average metal wool export price stood at $2,022 per ton in 2022, approximately reflecting the previous year. Overall, the export price, however, saw a abrupt descent. The pace of growth was the most pronounced in 2019 an increase of 55%. Over the period under review, the average export prices attained the maximum at $6,980 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($10,028 per ton), while the average price for exports to Benin ($773 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 Nigeria (+3.7%), while the prices for the other major destinations experienced a decline.
Metal Wool Imports in Ghana
Metal wool imports into Ghana surged to 1.4K tons in 2022, growing by 22% compared with the previous year. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 23%. As a result, imports reached the peak of 1.6K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, metal wool imports skyrocketed to $5.7M in 2022. Overall, total imports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +2.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -22.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 40%. As a result, imports reached the peak of $7.3M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Metal Wool in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.0 | 7.1 | 3.9 | 5.4 | 10.5% |
| Hong Kong SAR | 0.2 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | N/A | N/A | 0% |
| Others | 1.0 | 0.1 | 0.1 | 0.2 | -41.5% |
| Total | 5.2 | 7.3 | 4.1 | 5.7 | 3.1% |
Top Suppliers of Metal Wool to Ghana in 2022:
- China (1264.8 tons)
- Hong Kong SAR (47.0 tons)
- United Arab Emirates (31.4 tons)
Metal Wool Exports in Ghana
After three years of growth, shipments abroad of iron or steel wool decreased by -43.1% to 16 tons in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 726% against the previous year. As a result, the exports reached the peak of 28 tons, and then fell dramatically in the following year.
In value terms, metal wool exports contracted significantly to $32K in 2022. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 552%. As a result, the exports reached the peak of $56K, and then fell dramatically in the following year.
| Export of Metal Wool in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mali | 5.7 | 6.4 | 27.1 | 22.7 | 58.5% |
| Nigeria | N/A | N/A | 0.4 | 2.8 | 600.0% |
| Togo | N/A | N/A | N/A | 2.7 | 0% |
| Benin | 0.3 | 0.4 | 1.8 | 1.9 | 85.0% |
| South Africa | 0.1 | 0.2 | 0.9 | 1.0 | 115.4% |
| Cote d'Ivoire | 0.2 | 0.4 | 24.5 | 0.4 | 26.0% |
| Burkina Faso | 0.7 | 1.1 | 0.4 | 0.2 | -34.1% |
| Others | 0.1 | 0.1 | 0.5 | 0.4 | 58.7% |
| Total | 7.0 | 8.5 | 55.6 | 32.0 | 66.0% |
Top Export Markets for Metal Wool from Ghana in 2022:
- Mali (9.8 tons)
- Benin (2.4 tons)
- Togo (2.2 tons)
- South Africa (0.5 tons)
- Cote d'Ivoire (0.3 tons)
- Nigeria (0.3 tons)
- Burkina Faso (0.2 tons)
This report provides an in-depth analysis of the metal wool 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 25991280 - Iron or steel wool, pot scourers and scouring or polishing pads, and gloves and the like
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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