Ghana: Base Metal Hook Market 2022

Base Metal Hook Market Size in Ghana

After two years of growth, the Ghanian base metal hook market decreased by -X% to $X in 2021. Overall, consumption showed a noticeable descent. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Base Metal Hook Exports

Exports from Ghana

In 2021, shipments abroad of base metal hooks, eyes and eyelets increased by X% to X kg, rising for the fourth consecutive year after four years of decline. Overall, exports, however, faced a abrupt slump. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at X kg in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, base metal hook exports shrank to $X in 2021. In general, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X kg) was the main destination for base metal hook exports from Ghana, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Burkina Faso was relatively modest.

In value terms, Burkina Faso ($X) also remains the key foreign market for base metal hook exports from Ghana.

From 2012 to 2021, the average annual growth rate of value to Burkina Faso amounted to -X%.

Export Prices by Country

The average base metal hook export price stood at $X per ton in 2021, falling by -X% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Burkina Faso.

From 2012 to 2021, the rate of growth in terms of prices for Burkina Faso amounted to -X% per year.

Base Metal Hook Imports

Imports into Ghana

In 2021, purchases abroad of base metal hooks, eyes and eyelets decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, base metal hook imports contracted remarkably to $X in 2021. Over the period under review, imports recorded a noticeable slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of base metal hook to Ghana, with a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of base metal hook to Ghana.

From 2012 to 2021, the average annual growth rate of value from China stood at +X%.

Import Prices by Country

The average base metal hook import price stood at $X per ton in 2021, shrinking by -X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +X% per year.

Source: IndexBox Platform