Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ghana - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ghana (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ghana (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ghana
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ghana
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ghana (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $550 per ton, declining by -16.9% against the previous year. Over the period under review, the import price recorded a mild decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by 48%. The import price peaked at $663 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Ukraine ($634 per ton), while the price for Belarus ($305 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ghana (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $526 per ton, shrinking by -9.7% against the previous year. In general, the export price showed a noticeable shrinkage. The growth pace was the most rapid in 2019 an increase of 92%. The export price peaked at $848 per ton in 2013; however, from 2014 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 ($788 per ton), while the average price for exports to Nigeria ($33 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 Mali (+0.1%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ghana
In 2022, the amount of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses imported into Ghana rose sharply to 175K tons, increasing by 5.1% compared with the previous year's figure. The total import volume increased at an average annual rate of +11.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 45% against the previous year. As a result, imports attained the peak of 183K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses declined to $96M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 38% against the previous year.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 10.2 | 17.2 | 24.8 | 29.1 | 41.8% |
| Russia | 8.1 | 15.2 | 27.9 | 18.9 | 32.6% |
| South Africa | 10.2 | 0.3 | 2.6 | 18.0 | 20.8% |
| Ukraine | 5.4 | 6.2 | 10.0 | 12.5 | 32.3% |
| Belarus | 3.2 | 6.7 | 8.0 | 5.5 | 19.8% |
| Turkey | 1.4 | 13.6 | 1.8 | 4.6 | 48.7% |
| China | 16.0 | 6.4 | 5.7 | 3.6 | -39.2% |
| Vietnam | N/A | 6.3 | N/A | N/A | 0% |
| Iran | N/A | 5.5 | 23.7 | N/A | 330.9% |
| Others | 5.2 | 4.8 | 5.4 | 3.9 | -9.1% |
| Total | 59.6 | 82.1 | 110 | 96.1 | 17.3% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Ghana in 2022:
- Malaysia (48.3K tons)
- Russia (37.0K tons)
- South Africa (30.7K tons)
- Ukraine (19.7K tons)
- Belarus (18.0K tons)
- Turkey (8.7K tons)
- China (6.2K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ghana
In 2022, after three years of growth, there was significant decline in overseas shipments of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses, when their volume decreased by -28.9% to 4K tons. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 137% against the previous year. As a result, the exports reached the peak of 5.6K tons, and then contracted dramatically in the following year.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses reduced dramatically to $2.1M in 2022. Overall, exports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 251%. As a result, the exports reached the peak of $3.2M, and then plummeted in the following year.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | 723 | 337 | 1,581 | 770 | 2.1% |
| Senegal | N/A | N/A | N/A | 766 | 0% |
| Togo | 210 | 275 | 749 | 240 | 4.6% |
| Benin | 293 | 238 | 659 | 214 | -9.9% |
| Mali | 47.3 | 46.4 | 155 | 60.4 | 8.5% |
| Nigeria | 26.8 | 20.1 | 51.0 | 15.2 | -17.2% |
| Others | 13.9 | 8.4 | 54.0 | 21.8 | 16.2% |
| Total | 1,314 | 925 | 3,249 | 2,087 | 16.7% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Ghana in 2022:
- Senegal (1493.0 tons)
- Burkina Faso (978.2 tons)
- Benin (461.7 tons)
- Nigeria (459.6 tons)
- Togo (457.8 tons)
- Mali (84.7 tons)
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