Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Ghana - 2022

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Ghana (CIF) - 2022
2. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Ghana (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Ghana
4. Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Ghana

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Ghana (CIF) - 2022

In 2022, the average import price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $995 per ton, surging by 4.7% against the previous year. Overall, the import price, however, recorded a deep setback. The pace of growth appeared the most rapid in 2021 when the average import price increased by 32% against the previous year. Over the period under review, average import prices reached the peak figure at $2,227 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Cote d'Ivoire ($4,722 per ton), while the price for the United States ($531 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.1%), while the prices for the other major suppliers experienced a decline.

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Ghana (FOB) - 2022

The average export price for alloy steel flat-rolled products, of a width of less than 600mms stood at $1,329 per ton in 2022, surging by 2.4% against the previous year. In general, the export price, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2020 an increase of 61% against the previous year. Over the period under review, the average export prices attained the peak figure at $2,010 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($1,717 per ton), while the average price for exports to Mali totaled $597 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (-2.8%).

Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Ghana

In 2022, the amount of alloy steel flat-rolled products, of a width of less than 600mms imported into Ghana reduced sharply to 116 tons, with a decrease of -25.5% compared with the previous year. In general, imports recorded a dramatic shrinkage. The smallest decline of -7.6% was in 2020.

In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms shrank markedly to $115K in 2022. Overall, imports recorded a sharp downturn. The smallest decline of -11.4% was in 2020.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm to Ghana in 2022:

1. China (44.0 tons)
2. Turkey (41.5 tons)
3. Sweden (10.7 tons)
4. United States (8.6 tons)
5. Cote d'Ivoire (7.3 tons)
6. United Kingdom (1.4 tons)
7. South Africa (0.7 tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Ghana

In 2022, exports of alloy steel flat-rolled products, of a width of less than 600mms from Ghana soared to 6.7 tons, growing by 16% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.9% 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 2021 when exports increased by 19%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms soared to $8.9K in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.2% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 32% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm from Ghana in 2022:

1. Burkina Faso (4.4 tons)
2. Mali (2.3 tons)

Source: IndexBox Market Intelligence Platform