Ghana: Market for Non-Silver Precious Metal Non-Jewelry Articles 2024

Market Size for Non-Silver Precious Metal Non-Jewelry Articles in Ghana

After three years of growth, the Ghanian market for non-silver precious metal non-jewelry articles decreased by X% to $X in 2022. Overall, consumption recorded a deep setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Non-Silver Precious Metal Non-Jewelry Articles in Ghana

In value terms, non-silver precious metal non-jewelry article production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Non-silver precious metal non-jewelry article production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Non-Silver Precious Metal Non-Jewelry Articles

Exports from Ghana

In 2022, after two years of decline, there was decline in overseas shipments of non-silver precious metal non-jewelry articles, when their volume decreased by X% to X kg. Over the period under review, exports continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-silver precious metal non-jewelry article exports rose to $X in 2022. Overall, exports recorded a dramatic downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X kg) and France (X kg) were the main destinations of non-silver precious metal non-jewelry article exports from Ghana.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%).

In value terms, the United States ($X) and France ($X) appeared to be the largest markets for non-silver precious metal non-jewelry article exported from Ghana worldwide.

France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average export price for non-silver precious metal non-jewelry articles amounted to $X per kg, rising by X% against the previous year. Over the period under review, the export price, however, showed a precipitous curtailment. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per kg in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per kg), while the average price for exports to France stood at $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%), while the prices for the other major destinations experienced a decline.

Imports of Non-Silver Precious Metal Non-Jewelry Articles

Imports into Ghana

In 2022, after two years of decline, there was decline in overseas purchases of non-silver precious metal non-jewelry articles, when their volume decreased by X% to X kg. In general, imports showed a deep contraction. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X kg. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, non-silver precious metal non-jewelry article imports fell dramatically to $X in 2022. Overall, imports recorded a sharp shrinkage. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

South Africa (X kg), the United States (X kg) and Poland (X kg) were the main suppliers of non-silver precious metal non-jewelry article imports to Ghana, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-silver precious metal non-jewelry article suppliers to Ghana were Germany ($X), the United States ($X) and China ($X), with a combined X% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for non-silver precious metal non-jewelry articles stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price recorded a precipitous decrease. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X,000 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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