Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Ghana - 2022

Contents:

1. Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Ghana (CIF) - 2022
2. Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Ghana (FOB) - 2022
3. Imports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Ghana
4. Exports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Ghana

Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Ghana (CIF) - 2022

The average import price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds stood at $4,664 per ton in 2022, surging by 6.4% against the previous year. Overall, the import price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 20%. The import price peaked at $6,356 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 Turkey ($15,945 per ton), while the price for the United Arab Emirates ($1,252 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Ghana (FOB) - 2022

The average export price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds stood at $3,211 per ton in 2022, which is down by -4.8% against the previous year. In general, the export price showed a pronounced decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 103%. The export price peaked at $8,853 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Togo ($3,594 per ton), while the average price for exports to Burkina Faso ($1,781 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 Burkina Faso (+0.4%), while the prices for the other major destinations experienced a decline.

Imports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Ghana

In 2022, supplies from abroad of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds decreased by -25.2% to 357 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 96%. As a result, imports reached the peak of 920 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds fell markedly to $1.7M in 2022. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 81%. As a result, imports reached the peak of $4.8M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled to Ghana in 2022:

1. Israel (150.8 tons)
2. China (116.9 tons)
3. India (62.9 tons)
4. United Arab Emirates (8.3 tons)
5. Denmark (7.9 tons)
6. Turkey (1.2 tons)

Exports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in Ghana

In 2022, approx. 816 kg of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds were exported from Ghana; picking up by 36% against the previous year. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.5% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds skyrocketed to $2.6K in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.5% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled from Ghana in 2022:

1. Togo (621.0 kg)
2. Burkina Faso (114.0 kg)
3. Cote d'Ivoire (80.0 kg)

Source: IndexBox Market Intelligence Platform