Ghana: Iron Angle Market 2025

Iron Angle Market Size in Ghana

In 2021, the Ghanian iron angle market increased by 2.6% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, posted a buoyant expansion. Iron angle consumption peaked in 2021 and is likely to see steady growth in years to come.

Iron Angle Exports

Exports from Ghana

In 2021, approx. X tons of angles, shapes and sections (of iron or non-alloy steel) were exported from Ghana; rising by 18% compared with the previous year's figure. Overall, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 77%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, iron angle exports skyrocketed to $X in 2021. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 49% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Burkina Faso (X tons), Niger (X tons) and Benin (X tons) were the main destinations of iron angle exports from Ghana, together comprising 85% of total exports. Togo and Mali lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the biggest increases were recorded for Mali (with a CAGR of +42.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Niger ($X), Burkina Faso ($X) and Benin ($X) appeared to be the largest markets for iron angle exported from Ghana worldwide, with a combined 84% share of total exports. Togo and Mali lagged somewhat behind, together comprising a further 15%.

Mali, with a CAGR of +44.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average iron angle export price amounted to $X per ton, growing by 5.6% against the previous year. In general, the export price, however, saw a perceptible decline. The pace of growth was the most pronounced in 2018 an increase of 14% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Mali ($X per ton), while the average price for exports to Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Togo (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Angle Imports

Imports into Ghana

In 2021, imports of angles, shapes and sections (of iron or non-alloy steel) into Ghana dropped remarkably to X tons, falling by -15.8% compared with 2020 figures. Over the period under review, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2013 when imports increased by 131%. Imports peaked at X tons in 2020, and then dropped notably in the following year.

In value terms, iron angle imports stood at $X in 2021. In general, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 133% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and the United States (X tons) were the main suppliers of iron angle imports to Ghana, with a combined 69% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +89.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United Arab Emirates ($X) and the United States ($X) appeared to be the largest iron angle suppliers to Ghana, with a combined 71% share of total imports.

The United Arab Emirates, with a CAGR of +88.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average iron angle import price amounted to $X per ton, surging by 33% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Ukraine ($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 (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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