Stainless Steel Wire Price in Ghana - 2023
Contents:
Stainless Steel Wire Price in Ghana (CIF) - 2022
The average stainless steel wire import price stood at $1,259 per ton in 2022, leveling off at the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 110% against the previous year. As a result, import price reached the peak level of $2,563 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($12,183 per ton), while the price for Singapore ($267 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+13.0%), while the prices for the other major suppliers experienced a decline.
Stainless Steel Wire Imports in Ghana
In 2022, after two years of decline, there was decline in supplies from abroad of stainless steel wire, when their volume decreased by 0% to 80 tons. Over the period under review, imports saw a precipitous slump. The smallest decline of 99.9% was in 2020.
In value terms, stainless steel wire imports amounted to $101K in 2022. In general, imports showed a abrupt descent. The smallest decline of 99.9% was in 2020.
| Import of Stainless Steel Wire in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.1 | N/A | N/A | 29.3 | 564.2% |
| China | 113 | N/A | N/A | 22.0 | -42.0% |
| South Africa | 13.0 | N/A | N/A | 21.9 | 19.0% |
| Israel | 2.9 | N/A | N/A | 1.9 | -13.1% |
| Singapore | 0.7 | N/A | N/A | 0.8 | 4.6% |
| Spain | 25.3 | N/A | N/A | N/A | 0% |
| Others | 15.6 | N/A | N/A | 24.8 | 16.7% |
| Total | 171 | N/A | N/A | 101 | -16.1% |
Top Suppliers of Stainless Steel Wire to Ghana in 2022:
- China (45.5 tons)
- South Africa (22.2 tons)
- Israel (3.2 tons)
- Singapore (3.0 tons)
- Japan (2.4 tons)
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