Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Ghana - 2022

Contents:

  1. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Ghana (CIF) - 2022
  2. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Ghana (FOB) - 2022
  3. Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Ghana
  4. Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Ghana

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Ghana (CIF) - 2022

The average import price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s stood at $3,074 per ton in 2022, rising by 39% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.6% 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; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s increased by +65.5% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 45% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($3,992 per ton), while the price for Nigeria ($2,411 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Ghana (FOB) - 2022

The average export price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s stood at $1,278 per ton in 2022, shrinking by -31.9% against the previous year. In general, the export price saw a abrupt descent. The pace of growth was the most pronounced in 2013 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices attained the maximum at $4,704 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($3,558 per ton), while the average price for exports to Togo ($880 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 Benin (+73.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Ghana

After three years of growth, overseas purchases of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s decreased by -17.7% to 4.1K tons in 2022. The total import volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 25% against the previous year.

In value terms, imports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s expanded notably to $13M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +19.2% 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 +69.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Import of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Ghana (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3.75.78.98.833.5%
India0.30.30.41.571.0%
Hong Kong SAR2.41.21.21.3-18.5%
KenyaN/AN/AN/A0.50%
Nigeria0.50.20.20.2-26.3%
Others0.50.20.20.3-15.7%
Total7.47.611.012.619.4%

Top Suppliers of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) to Ghana in 2022:

  1. China (2908.5 tons)
  2. Hong Kong SAR (536.1 tons)
  3. India (368.6 tons)
  4. Kenya (148.2 tons)
  5. Nigeria (65.3 tons)

Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Ghana

In 2022, the amount of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s exported from Ghana soared to 483 tons, increasing by 203% against the previous year. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 211% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s skyrocketed to $618K in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 109% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Export of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Nigeria82.411419432558.0%
Togo11.615.153.4120117.9%
ChinaN/AN/AN/A1090%
BeninN/AN/A18.950.7168.3%
Cote d'Ivoire6.512.432.312.624.7%
Niger27.6N/AN/AN/A0%
Others13.91.60.91.3-54.6%
Total14214330061863.3%

Top Export Markets for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) from Ghana in 2022:

  1. Nigeria (276.3 tons)
  2. Togo (136.1 tons)
  3. China (47.7 tons)
  4. Benin (14.3 tons)
  5. Cote d'Ivoire (4.8 tons)

Source: IndexBox Market Intelligence Platform

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