Metals; Palladium, Semi-Manufactured Price in Ghana - 2022

Metals; Palladium, Semi-Manufactured Price in Ghana (CIF) - 2022

In 2022, the average metals; palladium, semi-manufactured import price amounted to $1,233,667 per ton, remaining constant against the previous year. Overall, the import price, however, showed a deep slump. The growth pace was the most rapid in 2014 an increase of 72%. As a result, import price reached the peak level of $6,310 per kg. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -10.3% per year.

Metals; Palladium, Semi-Manufactured Imports in Ghana

In 2022, imports of metals; palladium, semi-manufactureds into Ghana was estimated at 3 kg, leveling off at the year before. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.0% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 50%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, metals; palladium, semi-manufactured imports amounted to $3.7K in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 0.1% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.