Ghana: Non-Alloy Steel U-Section Market 2025

Non-Alloy Steel U-Section Market Size in Ghana

In 2022, after three years of growth, there was significant decline in the Ghanian non-alloy steel u-section market, when its value decreased by -19.7% to $X. Over the period under review, consumption, however, saw a prominent expansion. Over the period under review, the market attained the peak level at $X in 2021, and then fell markedly in the following year.

Non-Alloy Steel U-Section Exports

Exports from Ghana

In 2022, non-alloy steel u-section exports from Ghana reduced to X tons, which is down by -7.9% against the previous year. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 154%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-alloy steel u-section exports shrank to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 271%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Niger (X tons), Burkina Faso (X tons) and Benin (X tons) were the main destinations of non-alloy steel u-section exports from Ghana, together accounting for 91% of total exports.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of +74.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-alloy steel u-section exported from Ghana were Niger ($X), Burkina Faso ($X) and Benin ($X), together accounting for 95% of total exports.

Burkina Faso, with a CAGR of +69.7%, saw 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 non-alloy steel u-section export price stood at $X per ton in 2022, falling by -2.3% against the previous year. In general, the export price showed a noticeable reduction. The growth pace was the most rapid in 2013 when the average export price increased by 46%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($X per ton), while the average price for exports to Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (-1.9%), while the prices for the other major destinations experienced a decline.

Non-Alloy Steel U-Section Imports

Imports into Ghana

In 2022, after three years of growth, there was significant decline in supplies from abroad of u-sections of non-alloy steel, when their volume decreased by -15.6% to X tons. Overall, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 334% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-alloy steel u-section imports dropped notably to $X in 2022. In general, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 366%. Imports peaked at $X in 2021, and then fell dramatically in the following year.

Imports by Country

China (X tons), Turkey (X tons) and Ukraine (X tons) were the main suppliers of non-alloy steel u-section imports to Ghana, with a combined 97% share of total imports. Nigeria and South Africa lagged somewhat behind, together comprising a further 2%.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +67.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Ukraine ($X) constituted the largest non-alloy steel u-section suppliers to Ghana, together comprising 97% of total imports. Nigeria and South Africa lagged somewhat behind, together accounting for a further 1.9%.

Nigeria, with a CAGR of +36.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-alloy steel u-section import price amounted to $X per ton, with a decrease of -6% against the previous year. Over the period under review, the import price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 38% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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