Ghana: Metal Link Chain Market 2022

Metal Link Chain Market Size in Ghana

In 2021, the Ghanian metal link chain market decreased by -X% to $X for the first time since 2014, thus ending a six-year rising trend. In general, consumption, however, recorded a significant increase. Metal link chain consumption peaked at $X in 2020, and then dropped in the following year.

Metal Link Chain Exports

Exports from Ghana

After four years of growth, overseas shipments of iron or steel articulated link chain decreased by -X% to X tons in 2021. Overall, exports faced a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, metal link chain exports dropped rapidly to $X in 2021. Over the period under review, exports saw a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for metal link chain exports from Ghana, accounting for a approx. X% share of total exports.

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

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

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

Export Prices by Country

In 2021, the average metal link chain export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price saw a strong increase. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat 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.

Metal Link Chain Imports

Imports into Ghana

In 2021, after nine years of growth, there was significant decline in supplies from abroad of iron or steel articulated link chain, when their volume decreased by -X% to X tons. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2020, and then fell notably in the following year.

In value terms, metal link chain imports surged to $X in 2021. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal link chain supplier to Ghana, with a X% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. Sweden (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of metal link chain to Ghana, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

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

Import Prices by Country

In 2021, the average metal link chain import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Sweden ($X per ton), while the price for China ($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 mixed trend patterns.

Source: IndexBox Platform