Report Update Nov 1, 2024

Ghana - Welded Link Chain of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Market for Welded Link Chain Of Iron Or Steel 2024

Market Size for Welded Link Chain Of Iron Or Steel in Ghana

The Ghanian metal welded link chain market skyrocketed to $X in 2021, picking up by 147% 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). In general, consumption enjoyed a buoyant expansion. Metal welded link chain consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Welded Link Chain Of Iron Or Steel

Exports from Ghana

Metal welded link chain exports from Ghana skyrocketed to X tons in 2018, with an increase of 20% compared with 2017 figures. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal welded link chain exports surged to $X in 2018. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for metal welded link chain exports from Ghana, accounting for a 94% share of total exports. Moreover, metal welded link chain exports to the Netherlands exceeded the volume sent to the second major destination, Lebanon (X tons), more than tenfold.

From 2012 to 2018, the average annual growth rate of volume to the Netherlands totaled +70.2%.

In value terms, the Netherlands ($X) emerged as the key foreign market for welded link chain of iron or steel exports from Ghana, comprising 99% of total exports. The second position in the ranking was taken by Lebanon ($X), with a 0.6% share of total exports.

From 2012 to 2018, the average annual growth rate of value to the Netherlands amounted to +43.5%.

Export Prices by Country

The average metal welded link chain export price stood at $X per ton in 2018, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, recorded a deep reduction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2018, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2018, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Lebanon totaled $X per ton.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-15.7%).

Imports of Welded Link Chain Of Iron Or Steel

Imports into Ghana

Metal welded link chain imports into Ghana surged to X tons in 2021, growing by 209% compared with the previous year. Overall, imports showed a remarkable increase. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, metal welded link chain imports skyrocketed to $X in 2021. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 255%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal welded link chain supplier to Ghana, accounting for a 88% share of total imports. It was followed by Australia (X tons), with a 2.5% share of total imports. The third position in this ranking was taken by Japan (X tons), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +37.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+18.2% per year) and Japan (+8.5% per year).

In value terms, China ($X) constituted the largest supplier of welded link chain of iron or steel to Ghana, comprising 52% of total imports. The second position in the ranking was held by Belgium ($X), with a 12% share of total imports. It was followed by Australia, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +38.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+15.7% per year) and Australia (+3.1% per year).

Import Prices by Country

The average metal welded link chain import price stood at $X per ton in 2021, which is down by -61.1% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 268% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for welded link chain of iron or steel in the world?

China constituted the country with the largest volume of metal welded link chain consumption, comprising approx. 33% of total volume. Moreover, metal welded link chain consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. Russia ranked third in terms of total consumption with a 5.8% share.

What are the largest producers of welded link chain of iron or steel in the world?

The country with the largest volume of metal welded link chain production was China, accounting for 54% of total volume. Moreover, metal welded link chain production in China exceeded the figures recorded by the second-largest producer, the United States, more than tenfold. Russia ranked third in terms of total production with a 4.1% share.

What are the leading suppliers of welded link chain of iron or steel to Ghana?

In value terms, the largest metal welded link chain suppliers to Ghana were South Africa, France and Australia, together comprising 76% of total imports.

What is the average export price for welded link chain of iron or steel in Ghana?

In 2018, the average metal welded link chain export price amounted to $1,913 per ton, surging by 3.5% against the previous year.

What is the average import price for welded link chain of iron or steel in Ghana?

In 2020, the average metal welded link chain import price amounted to $2,714 per ton, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the market for metal welded link chain 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 25931724 - Welded link chain of iron or steel (excluding articulated link chain, skid chain and stud-link chain)

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