Ghana: Market for Copper Tubes And Pipes 2024

Market Size for Copper Tubes And Pipes in Ghana

The Ghanian copper tube and pipe market rose modestly to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Copper tube and pipe consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Copper Tubes And Pipes in Ghana

In value terms, copper tube and pipe production expanded sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Copper tube and pipe production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Copper Tubes And Pipes

Exports from Ghana

In 2022, exports of copper tubes and pipes from Ghana plummeted to X tons, falling by X% against the previous year. Overall, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, copper tube and pipe exports declined significantly to $X in 2022. Over the period under review, exports faced a deep downturn. The pace of growth appeared the most rapid in 2021 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

Sweden (X tons), Burkina Faso (X tons) and Cote d'Ivoire (X tons) were the main destinations of copper tube and pipe exports from Ghana, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Sweden ($X) remains the key foreign market for copper tubes and pipes exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Burkina Faso, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

The average copper tube and pipe export price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper tube and pipe export price increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Burkina Faso ($X 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 Cote d'Ivoire (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes And Pipes

Imports into Ghana

In 2022, overseas purchases of copper tubes and pipes decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, copper tube and pipe imports contracted sharply to $X in 2022. Overall, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then declined notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest copper tube and pipe supplier to Ghana, accounting for a X% share of total imports. Moreover, copper tube and pipe imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and the United Arab Emirates (X% per year).

In value terms, the largest copper tube and pipe suppliers to Ghana were China ($X), South Africa ($X) and the United Arab Emirates ($X), together comprising X% of total imports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average copper tube and pipe import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank significantly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Greece ($X per ton) and the United Arab Emirates ($X per ton), while the price for China ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :