Price for Ferrous Waste and Scrap; of Stainless Steel in Ghana - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in Ghana (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Stainless Steel in Ghana (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Stainless Steel in Ghana
- Imports of Ferrous Waste and Scrap; of Stainless Steel in Ghana
Price for Ferrous Waste and Scrap; of Stainless Steel in Ghana (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of stainless steels amounted to $1,582 per ton, leveling off at the previous year. Over the period under review, the export price saw a noticeable reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 28%. The export price peaked at $1,961 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($4,195 per ton), while the average price for exports to Italy ($593 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 China (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Stainless Steel in Ghana (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $1,675 per ton, surging by 13% against the previous year. In general, the import price, however, faced a sharp curtailment. The pace of growth was the most pronounced in 2014 when the average import price increased by 204%. As a result, import price attained the peak level of $29,800 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,239 per ton), while the price for Burkina Faso ($1,300 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (-11.1%), while the prices for the other major suppliers experienced a decline.
Exports of Ferrous Waste and Scrap; of Stainless Steel in Ghana
In 2022, exports of ferrous waste and scrap; of stainless steels from Ghana declined markedly to 1.1K tons, with a decrease of -17.8% on the previous year. In general, exports saw a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, the exports attained the peak of 1.4K tons, and then reduced notably in the following year.
In value terms, exports of ferrous waste and scrap; of stainless steels contracted notably to $1.8M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +5.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 87% against the previous year. As a result, the exports attained the peak of $2.2M, and then contracted significantly in the following year.
| Export of Ferrous Waste and Scrap; of Stainless Steel in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 512 | 361 | 1,529 | 880 | 19.8% |
| India | 162 | 596 | 69.4 | 226 | 11.7% |
| Bosnia and Herzegovina | N/A | N/A | N/A | 211 | 0% |
| China | 11.3 | 11.9 | 61.4 | 151 | 137.3% |
| Spain | 123 | 71.0 | 202 | 149 | 6.6% |
| Germany | 189 | 96.9 | 244 | 130 | -11.7% |
| Italy | 25.6 | 10.0 | 15.7 | 10.9 | -24.8% |
| Thailand | 460 | N/A | N/A | N/A | 0% |
| Others | 5.5 | 4.1 | 35.3 | 1.1 | -41.5% |
| Total | 1,489 | 1,151 | 2,157 | 1,759 | 5.7% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Ghana in 2022:
- Netherlands (364.7 tons)
- India (338.5 tons)
- Bosnia and Herzegovina (194.7 tons)
- Germany (90.0 tons)
- Spain (68.6 tons)
- China (35.9 tons)
- Italy (18.4 tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in Ghana
Imports of ferrous waste and scrap; of stainless steels into Ghana skyrocketed to 4.8 tons in 2022, jumping by 41% compared with the previous year's figure. In general, imports, however, showed a precipitous curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 335% against the previous year.
In value terms, imports of ferrous waste and scrap; of stainless steels skyrocketed to $8.1K in 2022. Overall, imports, however, showed a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 143%.
| Import of Ferrous Waste and Scrap; of Stainless Steel in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 30.4 | 1.2 | 1.4 | 6.6 | -39.9% |
| China | 7.5 | 0.1 | 0.2 | 0.6 | -56.9% |
| Burkina Faso | 25.0 | 0.7 | 2.4 | 0.1 | -84.1% |
| Poland | N/A | N/A | 0.8 | N/A | 0% |
| Others | 5.8 | 0.1 | 0.2 | 0.8 | -48.3% |
| Total | 68.8 | 2.1 | 5.1 | 8.1 | -51.0% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Ghana in 2022:
- United Kingdom (4.5 tons)
- China (0.3 tons)
- Burkina Faso (0.1 tons)
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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