Report Update Mar 1, 2025

Ghana - Granules and Powders of Pig Iron - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Pig Iron Articles Market 2025

Pig Iron Articles Market Size in Ghana

In 2021, after four years of growth, there was significant decline in the Ghanian pig iron articles market, when its value decreased by -21.3% to $X. Overall, consumption, however, recorded significant growth. Over the period under review, the market hit record highs at $X in 2020, and then declined remarkably in the following year.

Pig Iron Articles Exports

Exports from Ghana

In 2020, shipments abroad of granules and powders of pig iron increased by 1,678% to X tons, rising for the fifth consecutive year after three years of decline. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pig iron articles exports surged to $X in 2020. Overall, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2019 when exports increased by 5,614% against the previous year. Over the period under review, the exports hit record highs in 2020 and are expected to retain growth in the near future.

Exports by Country

Niger (X tons) was the main destination for pig iron articles exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Niger totaled +168.1%.

In value terms, Niger ($X) emerged as the key foreign market for granules and powders of pig iron exports from Ghana.

From 2012 to 2020, the average annual rate of growth in terms of value to Niger totaled +143.1%.

Export Prices by Country

In 2020, the average pig iron articles export price amounted to $X per ton, dropping by -92.4% against the previous year. In general, the export price recorded a perceptible reduction. The pace of growth was the most pronounced in 2019 an increase of 228%. As a result, the export price attained the peak level of $X per ton, and then contracted notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Niger.

From 2012 to 2020, the rate of growth in terms of prices for Burkina Faso amounted to +38.2% per year.

Pig Iron Articles Imports

Imports into Ghana

In 2021, after four years of growth, there was significant decline in overseas purchases of granules and powders of pig iron, when their volume decreased by -27% to X tons. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 220% against the previous year. Imports peaked at X tons in 2020, and then dropped rapidly in the following year.

In value terms, pig iron articles imports shrank significantly to $X in 2021. In general, imports, however, showed a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 111%. Over the period under review, imports reached the peak figure at $X in 2020, and then shrank markedly in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of pig iron articles to Ghana, accounting for a 88% share of total imports. Moreover, pig iron articles imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was taken by the Netherlands (X tons), with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +118.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.6% per year) and the Netherlands (-2.4% per year).

In value terms, India ($X) constituted the largest supplier of granules and powders of pig iron to Ghana, comprising 63% of total imports. The second position in the ranking was taken by China ($X), with a 24% share of total imports. It was followed by the Netherlands, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value from India totaled +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.9% per year) and the Netherlands (+1.6% per year).

Import Prices by Country

The average pig iron articles import price stood at $X per ton in 2021, waning by -37.5% against the previous year. In general, the import price showed a abrupt curtailment. The growth pace was the most rapid in 2016 an increase of 89%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Turkey ($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 (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

This report provides an in-depth analysis of the pig iron articles market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24101410 - Granules and powders, of pig iron, spiegeleisen, iron or steel

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024