Ghana: Expanded Metal Market 2025

Expanded Metal Market Size in Ghana

The Ghanian expanded metal market contracted slightly to $X in 2022, stabilizing at the previous year. Overall, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +81.7% against 2016 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced slightly in the following year.

Expanded Metal Production in Ghana

In value terms, expanded metal production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild slump. The growth pace was the most rapid in 2018 when the production volume increased by 40%. Expanded metal production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Expanded Metal Exports

Exports from Ghana

In 2022, exports of iron or steel expanded metal from Ghana was estimated at X tons, surging by 14% against the year before. Over the period under review, exports, however, saw a perceptible downturn. The growth pace was the most rapid in 2020 when exports increased by 17,971%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, expanded metal exports surged to $X in 2022. In general, exports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 11,994% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Togo (X tons) and Niger (X tons) were the main destinations of expanded metal exports from Ghana.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Niger (with a CAGR of +136.8%).

In value terms, the largest markets for expanded metal exported from Ghana were Togo ($X) and Niger ($X).

In terms of the main countries of destination, Niger, with a CAGR of +125.2%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average expanded metal export price amounted to $X per ton, jumping by 40% against the previous year. In general, the export price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2014 an increase of 161%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($X per ton), while the average price for exports to Togo amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Togo (-0.2%), while the prices for the other major destinations experienced a decline.

Expanded Metal Imports

Imports into Ghana

In 2022, purchases abroad of iron or steel expanded metal decreased by -1.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a slight increase. The pace of growth appeared the most rapid in 2020 when imports increased by 912%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, expanded metal imports dropped to $X in 2022. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 934% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of expanded metal to Ghana, with a 81% share of total imports. It was followed by Belgium (X tons), with a 2.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+6.9% per year) and Italy (-8.9% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel expanded metal to Ghana, comprising 90% of total imports. The second position in the ranking was held by Belgium ($X), with a 0.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+8.1% per year) and Italy (-12.2% per year).

Import Prices by Country

In 2022, the average expanded metal import price amounted to $X per ton, which is down by -10.8% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, expanded metal import price increased by +36.3% against 2017 indices. The pace of growth appeared the most rapid in 2015 an increase of 46%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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