Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Ghana - 2022

Contents:

  1. Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Ghana (CIF) - 2022
  2. Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Ghana (FOB) - 2022
  3. Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Ghana
  4. Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Ghana

Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Ghana (CIF) - 2022

In 2022, the average import price for clasps and frames with clasps amounted to $4,014 per ton, falling by -46.8% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 164%. As a result, import price attained the peak level of $14,914 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Israel ($98,625 per ton), while the price for Nigeria ($1,198 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+47.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Ghana (FOB) - 2022

In 2022, the average export price for clasps and frames with clasps amounted to $14,800 per ton, dropping by -6.2% against the previous year. Overall, the export price recorded a noticeable shrinkage. The growth pace was the most rapid in 2015 an increase of 169%. The export price peaked at $20,769 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Cote d'Ivoire ($40,000 per ton), while the average price for exports to Burkina Faso ($11,500 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 (+16.2%).

Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Ghana

In 2022, the amount of clasps and frames with clasps imported into Ghana surged to 34 tons, with an increase of 1,794% compared with 2021 figures. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of clasps and frames with clasps soared to $136K in 2022. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4.726.72.143.3109.6%
Germany1.41.91.423.1154.6%
United Kingdom0.10.10.113.4411.7%
Israel15.17.82.711.8-7.9%
Australia1.51.93.410.490.7%
Czech Republic2.31.60.86.440.7%
Spain0.40.40.33.2100.0%
Belgium0.80.10.23.055.4%
Poland1.40.80.31.76.7%
United Arab Emirates0.30.3N/A0.626.0%
Others10.15.02.118.923.2%
Total38.146.713.513652.8%

Top Suppliers of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal to Ghana in 2022:

  1. China (25.3 tons)
  2. Spain (1.7 tons)
  3. Czech Republic (1.0 tons)
  4. Germany (1.0 tons)
  5. United Kingdom (0.8 tons)
  6. Australia (0.7 tons)
  7. Belgium (0.7 tons)
  8. United Arab Emirates (0.4 tons)
  9. Israel (0.1 tons)
  10. Poland (0.1 tons)

Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Ghana

For the third year in a row, Ghana recorded decline in overseas shipments of clasps and frames with clasps, which decreased by -54.5% to 10 kg in 2022. Over the period under review, exports continue to indicate a precipitous curtailment.

In value terms, exports of clasps and frames with clasps dropped significantly to $148 in 2022. In general, exports showed a dramatic setback. The smallest decline of -34.6% was in 2020.

Export of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Ghana (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Burkina Faso60238724792.0-46.5%
Cote d'Ivoire21214510040.0-42.6%
NigerN/AN/AN/A16.00%
OthersN/AN/AN/AN/A0%
Total814532347148-43.3%

Top Export Markets for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal from Ghana in 2022:

  1. Burkina Faso (8.0 kg)
  2. Niger (1.0 kg)
  3. Cote d'Ivoire (1.0 kg)

Source: IndexBox Market Intelligence Platform

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