Ghana: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2022

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Ghana

In 2021, after two years of decline, there was significant growth in the Ghanian silicon-electrical steel flat-rolled product market, when its value increased by X% to $X. Overall, consumption, however, recorded a relatively flat trend pattern. Silicon-electrical steel flat-rolled product consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in Ghana

In value terms, silicon-electrical steel flat-rolled product production expanded rapidly to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Ghana

In 2021, silicon-electrical steel flat-rolled product exports from Ghana was estimated at less than X kg, flattening at the year before. In general, exports saw a dramatic contraction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, silicon-electrical steel flat-rolled product exports totaled less than $X in 2021. Over the period under review, exports faced a sharp decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Liberia (X kg) was the main destination for silicon-electrical steel flat-rolled product exports from Ghana, with a approx. X% share of total exports.

From 2012 to 2016, the average annual growth rate of volume to Liberia was relatively modest.

From 2012 to 2016, the average annual rate of growth in terms of value to Liberia was relatively modest.

Export Prices by Country

In 2016, the average silicon-electrical steel flat-rolled product export price amounted to $X per ton, stabilizing at the previous year. In general, the export price showed significant growth. The export price peaked in 2016 and is likely to continue growth in the near future.

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

From 2012 to 2016, the rate of growth in terms of prices for Liberia amounted to X% per year.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Ghana

In 2021, approx. X tons of flat-rolled products of silicon-electrical steel were imported into Ghana; with a decrease of -X% on the previous year's figure. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, silicon-electrical steel flat-rolled product imports reduced rapidly to $X in 2021. Overall, imports faced a abrupt decrease. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and South Africa (X tons) were the main suppliers of silicon-electrical steel flat-rolled product imports to Ghana, together accounting for X% of total imports.

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

In value terms, China ($X) constituted the largest supplier of silicon-electrical steel flat-rolled product to Ghana, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.

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

Import Prices by Country

In 2021, the average silicon-electrical steel flat-rolled product import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, showed a abrupt descent. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was South Africa ($X per ton), while the price for India ($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 a decline.

Source: IndexBox Platform