Ghana: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Ghana

The Ghanian market for iron, steel or aluminium reservoirs, tanks, vats and similar containers shrank to $X in 2020, which is down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a tangible increase. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. from 2012 to 2020, the growth of the market remained at a somewhat lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Ghana

For the third consecutive year, Ghana recorded decline in shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers, which decreased by -X% to X tons in 2020. In general, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. As a result, exports reached the peak of X tons. from 2018 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir exports skyrocketed to $X in 2020. Overall, exports, however, saw a strong expansion. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. As a result, exports attained the peak of $X. from 2018 to 2020, the growth exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for iron, steel or aluminium reservoir exports from Ghana, accounting for a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to France exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was occupied by South Africa (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to France totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and South Africa (+X% per year).

In value terms, the largest markets for iron, steel or aluminium reservoir exported from Ghana were the UK ($X), France ($X) and South Africa ($X), together comprising X% of total exports. These countries were followed by Mauritius, which accounted for a further X (+X% per year) recorded 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

The average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, surging by X% against the previous year. In general, the export price posted a mild expansion. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. The export price peaked at $X per ton in 2010; however, from 2011 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the UK ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Africa, while the prices for the other major destinations experienced a decline.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Ghana

In 2020, approx. X tons of iron, steel or aluminium reservoirs, tanks, vats and similar containers were imported into Ghana; waning by -X% on the previous year's figure. Over the period under review, imports, however, showed a modest expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Imports peaked at X tons in 2013; however, from 2014 to 2020, imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports shrank slightly to $X in 2020. In general, imports, however, recorded a notable increase. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of iron, steel or aluminium reservoir to Ghana, with a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from China exceeded the figures recorded by the second-largest supplier, Lebanon (X tons), sixfold. The third position in this ranking was occupied by Poland (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (-X% per year) and Poland (+X% per year).

In value terms, China ($X) constituted the largest supplier of iron, steel or aluminium reservoir to Ghana, comprising X% of total imports. The second position in the ranking was occupied by Lebanon ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (+X% per year) and Poland (+X% per year).

Import Prices by Country

In 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, surging by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per ton), while the price for Lebanon ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Lebanon, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :