Price for Iron or Steel; Cast Articles in Ghana - 2023

Contents:

1. Price for Iron or Steel; Cast Articles in Ghana (CIF) - 2022
2. Price for Iron or Steel; Cast Articles in Ghana (FOB) - 2022
3. Imports of Iron or Steel; Cast Articles in Ghana
4. Exports of Iron or Steel; Cast Articles in Ghana

Price for Iron or Steel; Cast Articles in Ghana (CIF) - 2022

In 2022, the average import price for iron or steel; cast articleses amounted to $1,648 per ton, increasing by 12% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of 68% against the previous year. Over the period under review, average import prices reached the peak figure at $8,664 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 India ($1,583 per ton), while the price for China stood at $1,044 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-3.8%).

Price for Iron or Steel; Cast Articles in Ghana (FOB) - 2022

In 2022, the average export price for iron or steel; cast articleses amounted to $2,284 per ton, increasing by 79% against the previous year. Over the period under review, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 1,449%. As a result, the export price reached the peak level of $2,430 per ton. From 2019 to 2022, the average 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 the United Arab Emirates ($3,595 per ton), while the average price for exports to Guinea ($2,235 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 Vietnam (+217.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel; Cast Articles in Ghana

In 2022, after two years of decline, there was significant decline in overseas purchases of iron or steel; cast articleses, when their volume decreased by -32.4% to 18K tons. Overall, imports, however, continue to indicate a significant expansion.

In value terms, iron or steel; cast articles imports declined remarkably to $30M in 2022. Over the period under review, imports, however, continue to indicate significant growth.

Top Suppliers of Iron or Steel; Cast Articles to Ghana in 2022:

1. India (16.5K tons)
2. China (0.9K tons)

Exports of Iron or Steel; Cast Articles in Ghana

In 2022, approx. 196 tons of iron or steel; cast articleses were exported from Ghana; growing by 9.6% against the year before. Overall, exports, however, continue to indicate a abrupt curtailment.

In value terms, iron or steel; cast articles exports surged to $448K in 2022. Over the period under review, exports continue to indicate a modest increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Iron or Steel; Cast Articles from Ghana in 2022:

1. Guinea (190.5 tons)
2. Sierra Leone (0.2 tons)
3. Cote d'Ivoire (0.1 tons)

Source: IndexBox Market Intelligence Platform