Ghana: Market for Iron Or Steel Doors, Thresholds For Doors And Windows 2023

Exports of Iron Or Steel Doors, Thresholds For Doors And Windows

Exports from Ghana

In 2022, overseas shipments of iron or steel doors, thresholds for doors and windows decreased by -17% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 573% against the previous year. The exports peaked at X units in 2021, and then contracted notably in the following year.

In value terms, exports of iron or steel doors, thresholds for doors and windows shrank to $X in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 871%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Togo (X units) was the main destination for exports of iron or steel doors, thresholds for doors and windows from Ghana, accounting for a 96% share of total exports. It was followed by Burkina Faso (X units), with a 2.3% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Togo totaled +135.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+62.1% per year) and Angola (+17.5% per year).

In value terms, Togo ($X) remains the key foreign market for iron or steel doors, thresholds for doors and windows exports from Ghana, comprising 77% of total exports. The second position in the ranking was taken by Angola ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Togo amounted to +112.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+57.6% per year) and Burkina Faso (+85.8% per year).

Export Prices by Country

The average export price for iron or steel doors, thresholds for doors and windows stood at $X per unit in 2022, picking up by 3.8% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Togo ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mali (+125.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Doors, Thresholds For Doors And Windows

Imports into Ghana

In 2022, after two years of growth, there was significant decline in overseas purchases of iron or steel doors, thresholds for doors and windows, when their volume decreased by -8.9% to X units. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 166%. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, imports of iron or steel doors, thresholds for doors and windows shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 205% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest iron or steel window and door supplier to Ghana, with a 78% share of total imports. Moreover, imports of iron or steel doors, thresholds for doors and windows from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +16.4%.

In value terms, China ($X) constituted the largest supplier of iron or steel doors, thresholds for doors and windows to Ghana, comprising 73% of total imports. The second position in the ranking was held by Turkey ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +16.8%.

Import Prices by Country

In 2022, the average import price for iron or steel doors, thresholds for doors and windows amounted to $X per unit, declining by -2.9% against the previous year. Overall, the import price showed a slight reduction. The most prominent rate of growth was recorded in 2019 an increase of 28%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Turkey amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.4%).

Source: IndexBox Platform

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