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Report Ghana - Hot-Rolled Bars in Free-Cutting Steels - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Mar 1, 2025

Ghana - Hot-Rolled Bars in Free-Cutting Steels - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Hot-Rolled Free-Cutting Steel Market 2025

Hot-Rolled Free-Cutting Steel Market Size in Ghana

In 2021, the Ghanian hot-rolled free-cutting steel market increased by 9.8% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a perceptible slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Hot-Rolled Free-Cutting Steel Exports

Exports from Ghana

For the ninth year in a row, Ghana recorded decline in overseas shipments of hot-rolled bars in free-cutting steels, which decreased by -4.8% to X tons in 2021. Overall, exports recorded a significant contraction. The smallest decline of -4.8% was in 2018. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, hot-rolled free-cutting steel exports soared to $X in 2021. In general, exports faced a abrupt slump. The pace of growth was the most pronounced in 2015 when exports increased by 20% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Togo (X tons) was the main destination for hot-rolled free-cutting steel exports from Ghana, accounting for a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Togo stood at -29.6%.

In value terms, Togo ($X) also remains the key foreign market for hot-rolled bars in free-cutting steels exports from Ghana.

From 2012 to 2021, the average annual growth rate of value to Togo totaled -14.4%.

Export Prices by Country

In 2021, the average hot-rolled free-cutting steel export price amounted to $X per ton, growing by 26% against the previous year. Overall, the export price continues to indicate a significant increase. The growth pace was the most rapid in 2015 when the average export price increased by 26%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the rate of growth in terms of prices for Niger amounted to +44.0% per year.

Hot-Rolled Free-Cutting Steel Imports

Imports into Ghana

In 2021, supplies from abroad of hot-rolled bars in free-cutting steels decreased by 0% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 453% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, hot-rolled free-cutting steel imports totaled $X in 2021. In general, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2015 when imports increased by 351% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of hot-rolled free-cutting steel to Ghana, with a 71% share of total imports. Moreover, hot-rolled free-cutting steel imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +60.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+59.9% per year) and Germany (-59.0% per year).

In value terms, the largest hot-rolled free-cutting steel suppliers to Ghana were China ($X), South Africa ($X) and Germany ($X), with a combined 99% share of total imports.

South Africa, with a CAGR of +31.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average hot-rolled free-cutting steel import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the import price recorded a deep slump. The pace of growth appeared the most rapid in 2014 an increase of 66%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+58.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of hot-rolled free-cutting steel consumption in 2020 were the UK, Japan and Italy, together accounting for 48% of global consumption. These countries were followed by Taiwan Chinese), France, Switzerland, the United States, Argentina, India, Algeria, Bahrain and Turkey, which together accounted for a further 38%.
The countries with the highest volumes of hot-rolled free-cutting steel production in 2020 were the UK, Japan and Taiwan Chinese), with a combined 45% share of global production. Switzerland, France, Saudi Arabia, the United Arab Emirates, Spain, Argentina, Italy, India and Germany lagged somewhat behind, together accounting for a further 46%.
In value terms, South Africa and China appeared to be the largest hot-rolled free-cutting steel suppliers to Ghana.
In value terms, Togo remains the key foreign market for hot-rolled free-cutting steel exports from Ghana.
In 2020, the average hot-rolled free-cutting steel export price amounted to $499 per ton, surging by 6.1% against the previous year.
In 2020, the average hot-rolled free-cutting steel import price amounted to $325 per ton, shrinking by -26.6% against the previous year.

This report provides an in-depth analysis of the hot-rolled free-cutting steel 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 24106230 - Hot-rolled bars in free-cutting steels

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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