Sulphates; of Aluminium Price in Ghana - 2022
Contents:
- Sulphates; of Aluminium Price in Ghana (CIF) - 2022
- Sulphates; of Aluminium Price in Ghana (FOB) - 2022
- Sulphates; of Aluminium Imports in Ghana
- Sulphates; of Aluminium Exports in Ghana
Sulphates; of Aluminium Price in Ghana (CIF) - 2022
The average sulphates; of aluminium import price stood at $257 per ton in 2022, rising by 8.7% against the previous year. In general, the import price, however, continues to indicate a perceptible setback. The growth pace was the most rapid in 2021 an increase of 13%. Over the period under review, average import prices hit record highs at $317 per ton in 2012; however, from 2013 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 Nigeria ($442 per ton), while the price for Spain ($157 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Aluminium Price in Ghana (FOB) - 2022
In 2022, the average sulphates; of aluminium export price amounted to $763 per ton, increasing by 23% against the previous year. Over the period under review, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 36% against the previous year. As a result, the export price attained the peak level of $904 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($19,074 per ton), while the average price for exports to Togo ($396 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+35.4%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Aluminium Imports in Ghana
In 2022, the amount of sulphates; of aluminia imported into Ghana reduced to 11K tons, which is down by -14.3% compared with 2021. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 2.1%.
In value terms, sulphates; of aluminium imports shrank to $2.8M in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year. As a result, imports reached the peak of $3M, and then shrank in the following year.
| Import of Sulphates; of Aluminium in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,220 | 401 | 540 | 1,250 | 0.8% |
| Sweden | 548 | 824 | 792 | 682 | 7.6% |
| Finland | 394 | 442 | 446 | 259 | -13.1% |
| Nigeria | 214 | 251 | 265 | 167 | -7.9% |
| China | 66.2 | 376 | 599 | 139 | 28.1% |
| Spain | 98.4 | 103 | 96.7 | 52.2 | -19.0% |
| Others | 135 | 166 | 228 | 215 | 16.8% |
| Total | 2,677 | 2,561 | 2,967 | 2,764 | 1.1% |
Top Suppliers of Sulphates; of Aluminium to Ghana in 2022:
- Turkey (5.6K tons)
- Sweden (2.5K tons)
- Finland (1.2K tons)
- China (0.4K tons)
- Nigeria (0.4K tons)
- Spain (0.3K tons)
Sulphates; of Aluminium Exports in Ghana
In 2022, shipments abroad of sulphates; of aluminia was finally on the rise to reach 80 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a deep reduction.
In value terms, sulphates; of aluminium exports skyrocketed to $61K in 2022. Overall, exports, however, showed a relatively flat trend pattern.
| Export of Sulphates; of Aluminium in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 55.3 | 62.8 | 40.8 | 42.8 | -8.2% |
| Togo | 4.8 | 7.0 | 6.7 | 15.7 | 48.4% |
| Others | 2.3 | 2.7 | 2.1 | 2.6 | 4.2% |
| Total | 62.3 | 72.4 | 49.6 | 61.0 | -0.7% |
Top Export Markets for Sulphates; of Aluminium from Ghana in 2022:
- Niger (40.2 tons)
- Togo (39.6 tons)
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