Report Ghana - Angles, Shapes and Sections (Of Iron or Non-Alloy Steel) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jun 27, 2022

Ghana - Angles, Shapes and Sections (Of Iron or Non-Alloy Steel) - Market Analysis, Forecast, Size, Trends and Insights
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Ghana: Iron Angle Market 2022

Iron Angle Market Size in Ghana

The Ghanian iron angle market dropped to $X in 2021, reducing 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, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Iron Angle Exports

Exports from Ghana

In 2021, after two years of decline, there was significant growth in overseas shipments of angles, shapes and sections (of iron or non-alloy steel), when their volume increased by X% to X tons. In general, exports saw a moderate increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, iron angle exports expanded sharply to $X in 2021. Overall, exports enjoyed mild growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for iron angle exports from Ghana, with a X% share of total exports. Moreover, iron angle exports to Burkina Faso exceeded the volume sent to the second major destination, Benin (X tons), twofold. The third position in this ranking was occupied by Togo (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Burkina Faso totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+X% per year) and Togo (-X% per year).

In value terms, Burkina Faso ($X), Benin ($X) and Togo ($X) appeared to be the largest markets for iron angle exported from Ghana worldwide, with a combined X% share of total exports.

Among the main countries of destination, Benin, with a CAGR of +X%, saw the highest growth rate of 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

The average iron angle export price stood at $X per ton in 2021, reducing by -X% against the previous year. Overall, the export price continues to indicate a perceptible setback. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Benin ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Togo (+X%), while the prices for the other major destinations experienced a decline.

Iron Angle Imports

Imports into Ghana

In 2021, the amount of angles, shapes and sections (of iron or non-alloy steel) imported into Ghana shrank to X tons, declining by -X% against the previous year. Over the period under review, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2020, and then reduced in the following year.

In value terms, iron angle imports contracted to $X in 2021. Overall, imports, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2021, Turkey (X tons) constituted the largest iron angle supplier to Ghana, with a X% share of total imports. Moreover, iron angle imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Ukraine (-X% per year).

In value terms, Turkey ($X) constituted the largest supplier of iron angle to Ghana, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Ukraine (-X% per year).

Import Prices by Country

The average iron angle import price stood at $X per ton in 2021, falling by -X% against the previous year. Overall, the import price saw a noticeable decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for angles, shapes and sections (of iron or non-alloy steel) in the world?
+
China remains the largest iron angle consuming country worldwide, accounting for 60% of total volume. Moreover, iron angle consumption in China exceeded the figures recorded by the second-largest consumer, India, more than tenfold. Iran ranked third in terms of total consumption with a 4.1% share.
What are the largest producers of angles, shapes and sections (of iron or non-alloy steel) in the world?
+
China constituted the country with the largest volume of iron angle production, comprising approx. 61% of total volume. Moreover, iron angle production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. The third position in this ranking was occupied by Iran, with a 4.1% share.
What are the leading suppliers of angles, shapes and sections (of iron or non-alloy steel) to Ghana?
+
In value terms, Turkey constituted the largest supplier of iron angle to Ghana, comprising 67% of total imports. The second position in the ranking was occupied by China, with a 22% share of total imports.
What are the leading importers of angles, shapes and sections (of iron or non-alloy steel) from Ghana?
+
In value terms, Burkina Faso, Benin and Togo constituted the largest markets for iron angle exported from Ghana worldwide, together comprising 93% of total exports.
What is the average export price for angles, shapes and sections (of iron or non-alloy steel) in Ghana?
+
The average iron angle export price stood at $504 per ton in 2021, declining by -1.6% against the previous year.
What is the average import price for angles, shapes and sections (of iron or non-alloy steel) in Ghana?
+
In 2021, the average iron angle import price amounted to $615 per ton, declining by -1.9% against the previous year.

This report provides an in-depth analysis of the iron angle market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 24107110 - U-sections of a web height of .80 mm or more (of non-alloy steel)
• Prodcom 24107120 - I-sections of a web height of .80 mm or more (of non-alloy steel)
• Prodcom 24107130 - H-sections of a web height of .80 mm or more (of non-alloy steel)
• Prodcom 24107140 - Other open sections, not further worked than hot-rolled, hotdrawn or extruded, of non-alloy steel
Country coverage:
• Ghana

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Ghana
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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