Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ghana - 2022
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ghana (CIF) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ghana
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ghana (CIF) - 2022
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $594 per ton in 2022, declining by -4.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 28%. Over the period under review, average import prices hit record highs at $688 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($618 per ton), while the price for Turkey totaled $483 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.6%).
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ghana
In 2022, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses into Ghana shrank markedly to 31K tons, with a decrease of -37.2% on the year before. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 291% against the previous year. As a result, imports attained the peak of 50K tons, and then declined significantly in the following year.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses declined notably to $19M in 2022. In general, imports, however, enjoyed tangible growth. The pace of growth was the most pronounced in 2021 with an increase of 400% against the previous year. As a result, imports reached the peak of $31M, and then shrank significantly in the following year.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.7 | 2.6 | 28.7 | 15.2 | 1.1% |
| Turkey | 2.2 | 3.0 | 1.9 | 3.1 | 12.1% |
| Others | 0.3 | 0.6 | 0.3 | 0.3 | 0.0% |
| Total | 17.2 | 6.2 | 31.0 | 18.6 | 2.6% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Ghana in 2022:
- China (24.6K tons)
- Turkey (6.5K tons)
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