Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ghana - 2022

Contents:

  1. Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ghana (CIF) - 2022
  2. Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ghana (FOB) - 2022
  3. Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ghana
  4. Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ghana

Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ghana (CIF) - 2022

The average import price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $5,607 per ton in 2022, rising by 43% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for aluminium; alloys, bars, rods and profiles, other than hollows increased by +76.8% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($12,658 per ton), while the price for the United Arab Emirates ($4,029 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ghana (FOB) - 2022

The average export price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $2,422 per ton in 2022, jumping by 37% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2016 an increase of 211% against the previous year. Over the period under review, the average export prices reached the maximum at $4,528 per ton in 2014; however, from 2015 to 2022, the export prices remained at a 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 Cote d'Ivoire ($5,575 per ton), while the average price for exports to Benin ($951 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 Togo (+51.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ghana

For the third year in a row, Ghana recorded decline in purchases abroad of aluminium; alloys, bars, rods and profiles, other than hollows, which decreased by -14.7% to 1.7K tons in 2022. Overall, imports recorded a abrupt shrinkage. The smallest decline of -9.5% was in 2021.

In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows skyrocketed to $9.3M in 2022. The total import value increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ghana (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China5.34.95.34.0-9.0%
Turkey0.80.51.32.342.2%
Italy0.40.40.32.071.0%
United Arab Emirates0.20.20.10.314.5%
Germany0.10.10.10.344.2%
IndiaN/AN/A0.10.2100.0%
Others0.50.40.40.1-41.5%
Total7.36.57.69.38.4%

Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Ghana in 2022:

  1. China (956.7 tons)
  2. Turkey (376.6 tons)
  3. Italy (161.0 tons)
  4. United Arab Emirates (75.4 tons)
  5. India (37.5 tons)
  6. Germany (29.2 tons)

Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ghana

In 2022, approx. 187 tons of aluminium; alloys, bars, rods and profiles, other than hollows were exported from Ghana; rising by 124% on 2021 figures. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 175% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows soared to $453K in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 222%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Burkina Faso40.10.4N/A17463.1%
Togo19.62.3128166103.8%
Cote d'Ivoire49.8N/AN/A11331.4%
Nigeria22.9N/AN/AN/A0%
Niger5.210.817.9N/A85.5%
United Arab EmiratesN/A32.4N/AN/A0%
Others0.9N/A2.40.1-51.9%
Total13845.914845348.6%

Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Ghana in 2022:

  1. Burkina Faso (96.5 tons)
  2. Togo (70.2 tons)
  3. Cote d'Ivoire (20.2 tons)

Source: IndexBox Market Intelligence Platform

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