Ghana: Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm 2022

Market Size for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm in Ghana

The Ghanian market for aluminium alloy plates, sheets and strip of thickness over X mm soared to $X in 2021, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a deep downturn. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Exports from Ghana

In 2021, the amount of aluminium alloy plates, sheets and strip of thickness over X mm exported from Ghana skyrocketed to X tons, picking up by X% on 2020 figures. Overall, exports saw a notable expansion. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm soared to $X in 2021. Over the period under review, exports, however, showed a deep setback. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Togo (X tons), Nigeria (X tons) and Niger (X tons) were the main destinations of exports of aluminium alloy plates, sheets and strip of thickness over X mm from Ghana, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in Niger (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Togo ($X) and Niger ($X) appeared to be the largest markets for aluminium alloy plate, sheet and strip of thickness over X mm exported from Ghana worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Niger, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for aluminium alloy plates, sheets and strip of thickness over X mm amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Benin ($X per ton), while the average price for exports to Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Imports into Ghana

In 2021, approx. X tons of aluminium alloy plates, sheets and strip of thickness over X mm were imported into Ghana; rising by X% against the previous year's figure. Overall, imports, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm soared to $X in 2021. In general, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Hong Kong SAR (X tons) and India (X tons) were the main suppliers of imports of aluminium alloy plates, sheets and strip of thickness over X mm to Ghana, together accounting for X% of total imports. These countries were followed by Cote d'Ivoire, which accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cote d'Ivoire (with a CAGR of +X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Hong Kong SAR ($X) and India ($X) constituted the largest aluminium alloy plate, sheet and strip of thickness over X mm suppliers to Ghana, together comprising X% of total imports. These countries were followed by Cote d'Ivoire, which accounted for a further X d'Ivoire, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for aluminium alloy plates, sheets and strip of thickness over X mm amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, saw a noticeable curtailment. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Cote d'Ivoire ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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