Ghana: Sheet Piling Market 2024

Sheet Piling Market Size in Ghana

The Ghanian sheet piling market shrank notably to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a mild slump. Sheet piling consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Sheet Piling Exports

Exports from Ghana

In 2022, overseas shipments of sheet piling, shapes and sections (of iron or steel) increased by X% to X tons, rising for the second consecutive year after eight years of decline. In general, exports, however, faced a significant curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sheet piling exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for sheet piling exports from Ghana, accounting for a X% share of total exports. Moreover, sheet piling exports to Burkina Faso exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), fourfold. The third position in this ranking was held by Mali (X kg), with a X% share.

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

In value terms, Burkina Faso ($X) remains the key foreign market for sheet piling, shapes and sections (of iron or steel) exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by Mali ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

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

Export Prices by Country

In 2022, the average sheet piling export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price saw strong growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Guinea ($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 Burkina Faso (X%), while the prices for the other major destinations experienced a decline.

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Sheet Piling Imports

Imports into Ghana

In 2022, the amount of sheet piling, shapes and sections (of iron or steel) imported into Ghana contracted significantly to X tons, with a decrease of X% on 2021 figures. Over the period under review, imports continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, sheet piling imports fell significantly to $X in 2022. In general, imports continue to indicate a deep setback. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Togo (X tons) constituted the largest supplier of sheet piling to Ghana, accounting for a X% share of total imports. Moreover, sheet piling imports from Togo exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. China (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, the largest sheet piling suppliers to Ghana were Japan ($X), China ($X) and the United States ($X), together comprising X% of total imports. Belgium, Luxembourg, Togo and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sheet piling import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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