
Ghana - Wire of Iron or Non-Alloy Steel (Stainless Steel or Other Alloy Steel) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGhana: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022
Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Ghana
The Ghanian iron and steel wire market soared to $X in 2020, jumping 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 posted strong growth. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Iron and steel wire consumption peaked in 2020 and is likely to continue growth in years to come.
Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)
Exports from Ghana
In 2020, approx. X tons of wire of iron or non-alloy steel (stainless steel or other alloy steel) were exported from Ghana; with a decrease of -X% against 2019. Overall, exports, however, saw a noticeable increase. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. As a result, exports reached the peak of X tons. from 2017 to 2020, the growth exports failed to regain the momentum.
In value terms, iron and steel wire exports contracted modestly to $X in 2020. Over the period under review, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2019 when exports increased by X% year-to-year. Exports peaked at $X in 2016; however, from 2017 to 2020, exports remained at a lower figure.
Exports by Country
Senegal (X tons), Niger (X tons) and Burkina Faso (X tons) were the main destinations of iron and steel wire exports from Ghana.
From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Senegal (+X% per year), while exports for the other leaders experienced more modest paces of growth.
In value terms, Senegal ($X) remains the key foreign market for iron and steel wire exports from Ghana, comprising X% of total exports. The second position in the ranking was occupied by Niger ($X), with a X% share of total exports.
From 2007 to 2020, the average annual rate of growth in terms of value to Senegal totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+X% per year) and Burkina Faso (+X% per year).
Export Prices by Country
In 2020, the average iron and steel wire export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price posted a measured increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked in 2020 and is likely to see gradual growth in the near future.
Prices varied noticeably by the country of destination; the country with the highest price was Senegal ($X per ton), while the average price for exports to Niger ($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 Senegal (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)
Imports into Ghana
In 2020, the amount of wire of iron or non-alloy steel (stainless steel or other alloy steel) imported into Ghana skyrocketed to X tons, increasing by X% compared with 2019 figures. In general, imports posted a resilient expansion. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. As a result, imports attained the peak of X tons. from 2012 to 2020, the growth imports remained at a lower figure.
In value terms, iron and steel wire imports skyrocketed to $X in 2020. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2020 and are expected to retain growth in the near future.
Imports by Country
In 2020, China (X tons) constituted the largest iron and steel wire supplier to Ghana, accounting for a X% share of total imports. Moreover, iron and steel wire imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fourfold.
From 2007 to 2020, the average annual rate of growth in terms of volume from China amounted to +X%.
In value terms, China ($X) constituted the largest supplier of iron and steel wire to Ghana, comprising X% of total imports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total imports.
From 2007 to 2020, the average annual rate of growth in terms of value from China stood at +X%.
Import Prices by Country
The average iron and steel wire import price stood at $X per ton in 2020, with an increase of X% against the previous year. Overall, the import price recorded a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin; the country with the highest price was China ($X per ton), while the price for South Africa amounted to $X per ton.
From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for iron and steel wire 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 2025.
Product coverage:
- Prodcom 24341130 - Iron or non-alloy steel wire containing < 0,25 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing - duplex wire - saw-tooth wire, insulated electric wire
- Prodcom 24341150 - Iron or non-alloy steel wire containing 0,25-0,6 % of carbon including crimped wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
- Prodcom 24341170 - Iron or non-alloy steel wire containing . 0,6 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
- Prodcom 24341200 - Stainless steel wire (excluding very fine sterile stainless wire used for surgical sutures)
- Prodcom 24341300 - Alloy steel wire (excluding stranded wire, barbed wire of a kind used for fencing, duplex wire, saw-tooth wire, insulated electric wire, of stainless 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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