
Ghana - Granules and Powders of Pig Iron - Market Analysis, Forecast, Size, Trends and Insights
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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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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