Price for Iron Ore and Concentrate, Non-Agglomerated in Ghana - 2022

Contents:

1. Price for Iron Ore and Concentrate, Non-Agglomerated in Ghana (CIF) - 2022
2. Price for Iron Ore and Concentrate, Non-Agglomerated in Ghana (FOB) - 2022
3. Imports of Iron Ore and Concentrate, Non-Agglomerated in Ghana
4. Exports of Iron Ore and Concentrate, Non-Agglomerated in Ghana

Price for Iron Ore and Concentrate, Non-Agglomerated in Ghana (CIF) - 2022

In 2022, the average import price for iron ores and concentrates, non-agglomerated amounted to $115 per ton, declining by -91.9% against the previous year. In general, the import price continues to indicate a sharp reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 72% against the previous year. As a result, import price attained the peak level of $2,581 per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($4,836 per ton), while the price for Senegal ($7.2 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-18.6%), while the prices for the other major suppliers experienced a decline.

Price for Iron Ore and Concentrate, Non-Agglomerated in Ghana (FOB) - 2022

The average export price for iron ores and concentrates, non-agglomerated stood at $381 per ton in 2022, surging by 272% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decrease. Over the period under review, the average export prices hit record highs at $503 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($471 per ton), while the average price for exports to Canada totaled $80 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (-1.0%).

Imports of Iron Ore and Concentrate, Non-Agglomerated in Ghana

In 2022, the amount of iron ores and concentrates, non-agglomerated imported into Ghana surged to 22 tons, with an increase of 2,010% against the previous year. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron ore and concentrate, non-agglomerated imports surged to $2.5K in 2022. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Ghana in 2022:

1. Senegal (20.2 tons)
2. United Kingdom (0.7 tons)
3. South Africa (0.4 tons)
4. Germany (0.4 tons)
5. India (0.2 tons)

Exports of Iron Ore and Concentrate, Non-Agglomerated in Ghana

In 2022, shipments abroad of iron ores and concentrates, non-agglomerated decreased by -90.2% to 5.2 tons, falling for the second year in a row after two years of growth. In general, exports saw a precipitous slump. The pace of growth appeared the most rapid in 2020 when exports increased by 125%. As a result, the exports reached the peak of 98 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, iron ore and concentrate, non-agglomerated exports fell notably to $2K in 2022. Overall, exports faced a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 35%. As a result, the exports reached the peak of $8.8K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Ghana in 2022:

1. South Africa (4.0 tons)
2. Canada (1.2 tons)

Source: IndexBox Market Intelligence Platform