Price for Steel, Alloy; Ingots and Other Primary Forms in Ghana - 2022
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Ghana (CIF) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Ghana
Price for Steel, Alloy; Ingots and Other Primary Forms in Ghana (CIF) - 2022
In 2022, the average import price for steel, alloy; ingots and other primary formses amounted to $1,734 per ton, rising by 330% against the previous year. Over the period under review, the import price, however, saw a deep downturn. The pace of growth was the most pronounced in 2019 an increase of 482%. The import price peaked at $10,510 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($10,360 per ton), while the price for Canada ($56 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Gabon (+483.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Ghana
After three years of growth, overseas purchases of steel, alloy; ingots and other primary formses decreased by -70.7% to 2.6K tons in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,820% against the previous year.
In value terms, imports of steel, alloy; ingots and other primary formses surged to $4.5M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 4.0 | 0% |
| Nigeria | N/A | N/A | N/A | 0.4 | 0% |
| Canada | N/A | N/A | N/A | 0.1 | 0% |
| Gabon | 3.1 | N/A | N/A | N/A | 0% |
| Iran | N/A | 2.8 | 3.6 | N/A | 28.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.1 | 2.9 | 3.6 | 4.5 | 13.2% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Ghana in 2022:
- Canada (1925.0 tons)
- United States (385.4 tons)
- Nigeria (292.5 tons)
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