Price for Stainless Steel in Ingots or Other Primary Forms in Ghana - 2022
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Ghana (CIF) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Ghana (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Ghana
- Exports of Stainless Steel in Ingots or Other Primary Forms in Ghana
Price for Stainless Steel in Ingots or Other Primary Forms in Ghana (CIF) - 2022
The average import price for stainless steel in ingots or other primary forms stood at $33,886 per ton in 2022, jumping by 50% against the previous year. Over the period under review, the import price recorded significant growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 227% against the previous year. Over the period under review, average import prices reached the peak figure at $59,322 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($241,182 per ton), while the price for Canada ($16,224 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 (+46.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel in Ingots or Other Primary Forms in Ghana (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $1,152 per ton, growing by 5.5% against the previous year. Over the period under review, the export price, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2019 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices reached the maximum at $2,666 per ton in 2012; however, from 2013 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 Niger.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +19.7% per year.
Imports of Stainless Steel in Ingots or Other Primary Forms in Ghana
In 2022, supplies from abroad of stainless steel in ingots or other primary forms increased by 17% to 13 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a precipitous decline.
In value terms, imports of stainless steel in ingots or other primary forms surged to $446K in 2022. Over the period under review, imports, however, continue to indicate a dramatic shrinkage.
Import of Stainless Steel in Ingots or Other Primary Forms in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 26.7 | 32.1 | N/A | 249 | 110.5% |
China | 41.9 | 421 | 192 | 149 | 52.6% |
Canada | 5.1 | 39.6 | 14.0 | 8.4 | 18.1% |
Others | 1,516 | 144 | 49.1 | 39.4 | -70.4% |
Total | 1,589 | 637 | 255 | 446 | -34.5% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Ghana in 2022:
- China (6.4 tons)
- India (5.9 tons)
- Canada (0.5 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Ghana
In 2022, overseas shipments of stainless steel in ingots or other primary forms decreased by -31.7% to 11 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 173% against the previous year. As a result, the exports attained the peak of 16 tons, and then fell dramatically in the following year.
In value terms, exports of stainless steel in ingots or other primary forms shrank significantly to $12K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 126%. As a result, the exports attained the peak of $17K, and then declined rapidly in the following year.
Export of Stainless Steel in Ingots or Other Primary Forms in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Niger | N/A | 7.6 | 11.3 | 9.4 | 11.2% |
Japan | 3.2 | N/A | N/A | N/A | 0% |
China | 0.9 | N/A | N/A | N/A | 0% |
Indonesia | 0.7 | N/A | N/A | N/A | 0% |
Others | 0.7 | N/A | 5.9 | 2.9 | 60.6% |
Total | 5.6 | 7.6 | 17.2 | 12.4 | 30.3% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Ghana in 2022:
- Niger (8.1 tons)
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Ghana.
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
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