Report Update Nov 1, 2024

Ghana - U-Sections of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Ghana: Non-Alloy Steel U-Section Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for u-sections of non-alloy steel in the world?

China remains the largest non-alloy steel u-section consuming country worldwide, comprising approx. 26% of total volume. Moreover, non-alloy steel u-section consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of u-sections of non-alloy steel in the world?

The country with the largest volume of non-alloy steel u-section production was China, comprising approx. 28% of total volume. Moreover, non-alloy steel u-section production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Japan, with a 6.2% share.

What are the leading suppliers of u-sections of non-alloy steel to Ghana?

In value terms, Turkey constituted the largest supplier of non-alloy steel u-section to Ghana, comprising 59% of total imports. The second position in the ranking was occupied by China, with a 21% share of total imports. It was followed by Ukraine, with a 12% share.

What are the leading importers of u-sections of non-alloy steel from Ghana?

In value terms, Benin remains the key foreign market for non-alloy steel u-section exports from Ghana, comprising 70% of total exports. The second position in the ranking was occupied by Togo, with a 16% share of total exports. It was followed by Cote d'Ivoire, with an 11% share.

What is the average export price for u-sections of non-alloy steel in Ghana?

The average non-alloy steel u-section export price stood at $551 per ton in 2021, approximately equating the previous year.

What is the average import price for u-sections of non-alloy steel in Ghana?

The average non-alloy steel u-section import price stood at $524 per ton in 2021, rising by 2.9% against the previous year.

This report provides an in-depth analysis of the non-alloy steel u-section 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 24107110 - U-sections of a web height of .80 mm or more (of non-alloy 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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023