Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Ghana - 2023

Contents:

  1. Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Ghana (CIF) - 2022
  2. Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Ghana

Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Ghana (CIF) - 2022

The average import price for steel alloy wire of materials other than silico-manganese steels stood at $1,521 per ton in 2022, remaining constant against the previous year. In general, the import price saw a dramatic decline. The pace of growth was the most pronounced in 2017 an increase of 56%. The import price peaked at $48,779 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Italy ($7,453 per ton), while the price for China ($1,224 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-4.3%), while the prices for the other major suppliers experienced a decline.

Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Ghana

After two years of decline, supplies from abroad of steel alloy wire of materials other than silico-manganese steels decreased by 0% to 152 tons in 2022. In general, imports recorded a significant increase. The smallest decline of 99.9% was in 2020. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of steel alloy wire of materials other than silico-manganese steels totaled $231K in 2022. Over the period under review, imports saw a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1.6N/AN/A161365.1%
India7.0N/AN/A26.455.7%
Turkey2.2N/AN/A22.0115.4%
MalaysiaN/AN/AN/A7.60%
Italy3.7N/AN/A3.1-5.7%
Lebanon1.1N/AN/A1.0-3.1%
Others1.7N/AN/A9.275.6%
Total17.3N/AN/A231137.2%

Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Ghana in 2022:

  1. China (131.9 tons)
  2. Turkey (7.4 tons)
  3. India (6.5 tons)
  4. Malaysia (3.9 tons)
  5. Italy (0.4 tons)
  6. Lebanon (0.3 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Steel, alloy; wire, of materials other than high speed or silico-manganese steel - Ghana