Price for Railway or Tramway Track Constructions of Iron or Steel in Ghana - 2023

Contents:

1. Price for Railway or Tramway Track Constructions of Iron or Steel in Ghana (CIF) - 2022
2. Price for Railway or Tramway Track Constructions of Iron or Steel in Ghana (FOB) - 2022
3. Imports of Railway or Tramway Track Constructions of Iron or Steel in Ghana
4. Exports of Railway or Tramway Track Constructions of Iron or Steel in Ghana

Price for Railway or Tramway Track Constructions of Iron or Steel in Ghana (CIF) - 2022

The average import price for railway or tramway track constructions of iron or steel stood at $1,506 per ton in 2022, shrinking by -24.7% against the previous year. Over the period under review, the import price recorded a mild slump. The pace of growth appeared the most rapid in 2016 an increase of 95% against the previous year. As a result, import price reached the peak level of $3,715 per ton. From 2017 to 2022, the average import prices remained 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 the UK ($5,617 per ton), while the price for China ($1,164 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Railway or Tramway Track Constructions of Iron or Steel in Ghana (FOB) - 2022

In 2022, the average export price for railway or tramway track constructions of iron or steel amounted to $2,220 per ton, increasing by 9% against the previous year. In general, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of 226% against the previous year. Over the period under review, the average export prices hit record highs at $4,943 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for Burkina Faso amounted to +58.5% per year.

Imports of Railway or Tramway Track Constructions of Iron or Steel in Ghana

In 2022, approx. 1.2K tons of railway or tramway track constructions of iron or steel were imported into Ghana; growing by 130% against 2021 figures. Over the period under review, imports, however, saw a significant curtailment.

In value terms, imports of railway or tramway track constructions of iron or steel skyrocketed to $1.8M in 2022. In general, imports, however, faced a precipitous slump.

Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to Ghana in 2022:

1. India (647.7 tons)
2. China (431.0 tons)
3. Italy (129.6 tons)
4. France (0.1 tons)
5. Belgium (0.1 tons)

Exports of Railway or Tramway Track Constructions of Iron or Steel in Ghana

In 2022, overseas shipments of railway or tramway track constructions of iron or steel decreased by -99.8% to 41 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports continue to indicate a sharp contraction.

In value terms, exports of railway or tramway track constructions of iron or steel reduced notably to $91 in 2022. Over the period under review, exports recorded a significant contraction.

Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from Ghana in 2022:

1. South Africa (41.0 kg)

Source: IndexBox Market Intelligence Platform