Ghana - Iron Or Steel Hot-Worked Helical Springs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Metal Hot-Worked Helical Spring in Ghana - 2022
Contents:
- Price for Metal Hot-Worked Helical Spring in Ghana (CIF) - 2022
- Price for Metal Hot-Worked Helical Spring in Ghana (FOB) - 2022
- Imports of Metal Hot-Worked Helical Spring in Ghana
- Exports of Metal Hot-Worked Helical Spring in Ghana
Price for Metal Hot-Worked Helical Spring in Ghana (CIF) - 2022
In 2022, the average metal hot-worked helical spring import price amounted to $4,074 per ton, reducing by -6.7% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal hot-worked helical spring import price increased by +70.4% against 2016 indices. The growth pace was the most rapid in 2014 an increase of 40%. Over the period under review, average import prices attained the peak figure at $4,365 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($43,282 per ton), while the price for South Korea ($724 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+39.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Metal Hot-Worked Helical Spring in Ghana (FOB) - 2022
In 2022, the average metal hot-worked helical spring export price amounted to $2,217 per ton, growing by 4.4% against the previous year. Over the period under review, the export price, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2015 an increase of 46%. As a result, the export price reached the peak level of $9,679 per ton. From 2016 to 2022, the average export prices remained 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 the Netherlands ($7,184 per ton), while the average price for exports to Burkina Faso ($1,099 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 Cote d'Ivoire (+2.5%), while the prices for the other major destinations experienced a decline.
Imports of Metal Hot-Worked Helical Spring in Ghana
After three years of growth, overseas purchases of iron or steel hot-worked helical springs decreased by -9.4% to 262 tons in 2022. The total import volume increased at an average annual rate of +11.1% 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 was the most pronounced in 2021 with an increase of 23%. As a result, imports attained the peak of 289 tons, and then fell in the following year.
In value terms, metal hot-worked helical spring imports shrank sharply to $1.1M in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 59%.
| Import of Metal Hot-Worked Helical Spring in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 44.3 | 490 | 905 | 840 | 166.7% |
| Turkey | 91.8 | 52.7 | 66.9 | 68.6 | -9.3% |
| Belgium | 175 | 100 | 73.2 | 17.9 | -53.2% |
| Italy | 3.1 | 9.6 | 5.5 | 14.8 | 68.4% |
| South Korea | 3.2 | 15.1 | 15.5 | 1.8 | -17.5% |
| Others | 232 | 205 | 197 | 125 | -18.6% |
| Total | 549 | 873 | 1,263 | 1,068 | 24.8% |
Top Suppliers of Metal Hot-Worked Helical Spring to Ghana in 2022:
- China (159.3 tons)
- Turkey (73.8 tons)
- Italy (9.1 tons)
- South Korea (2.5 tons)
- Belgium (1.4 tons)
Exports of Metal Hot-Worked Helical Spring in Ghana
After three years of growth, overseas shipments of iron or steel hot-worked helical springs decreased by -43.6% to 3.7 tons in 2022. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 682%. As a result, the exports reached the peak of 6.5 tons, and then dropped sharply in the following year.
In value terms, metal hot-worked helical spring exports reduced remarkably to $8.1K in 2022. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 464% against the previous year. As a result, the exports attained the peak of $14K, and then reduced dramatically in the following year.
| Export of Metal Hot-Worked Helical Spring in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | N/A | 0.6 | 5.1 | 4.6 | 176.9% |
| Angola | 0.3 | 0.7 | 2.5 | 0.9 | 44.2% |
| Nigeria | 0.1 | N/A | 1.5 | 0.6 | 81.7% |
| Burkina Faso | 0.2 | 0.4 | 1.0 | 0.6 | 44.2% |
| Netherlands | 0.2 | 0.8 | 3.6 | 0.3 | 14.5% |
| Others | 0.4 | N/A | N/A | 1.1 | 40.1% |
| Total | 1.2 | 2.4 | 13.8 | 8.1 | 89.0% |
Top Export Markets for Metal Hot-Worked Helical Spring from Ghana in 2022:
- Cote d'Ivoire (1487.0 kg)
- Angola (679.0 kg)
- Burkina Faso (543.0 kg)
- Nigeria (144.0 kg)
- Netherlands (38.0 kg)
This report provides an in-depth analysis of the market for metal hot-worked helical spring in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931631 - Iron or steel hot-worked helical springs
- Prodcom 25931633 - Iron or steel cold-formed helical coil compression springs
- Prodcom 25931635 - Iron or steel cold-formed helical coil tension springs
- Prodcom 25931637 - Iron or steel cold-formed helical springs (excluding helical coil compression springs, helical coil tension springs)
Country coverage:
- Ghana
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ghana
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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