Price for Mineral Substances Not Elsewhere Specified or Included in Ghana - 2023
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Ghana (CIF) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in Ghana (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in Ghana
- Exports of Mineral Substances Not Elsewhere Specified or Included in Ghana
Price for Mineral Substances Not Elsewhere Specified or Included in Ghana (CIF) - 2022
In 2022, the average import price for mineral substances not elsewhere specified or includeds amounted to $152 per ton, surging by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2015 an increase of 62% against the previous year. Over the period under review, average import prices hit record highs at $520 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($441 per ton), while the price for the Czech Republic ($41 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced a decline.
Price for Mineral Substances Not Elsewhere Specified or Included in Ghana (FOB) - 2022
In 2022, the average export price for mineral substances not elsewhere specified or includeds amounted to $2,754 per ton, waning by -10.9% against the previous year. Over the period under review, the export price, however, saw resilient growth. The most prominent rate of growth was recorded in 2013 an increase of 124%. The export price peaked at $3,091 per ton in 2021, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($16,150 per ton), while the average price for exports to Cote d'Ivoire ($307 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 Namibia (+47.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mineral Substances Not Elsewhere Specified or Included in Ghana
After three years of growth, supplies from abroad of mineral substances not elsewhere specified or includeds decreased by -8.6% to 14K tons in 2022. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 705% against the previous year.
In value terms, imports of mineral substances not elsewhere specified or includeds reached $2.1M in 2022. Over the period under review, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 326% against the previous year. As a result, imports attained the peak of $2.1M; afterwards, it flattened through to 2022.
| Import of Mineral Substances Not Elsewhere Specified or Included in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 141 | 1,704 | 1,310 | 1,703 | 129.4% |
| Germany | 64.8 | 54.4 | 82.6 | 56.2 | -4.6% |
| Australia | 49.6 | 90.5 | 60.4 | 23.0 | -22.6% |
| Czech Republic | 10.5 | 13.3 | 25.2 | 12.4 | 5.7% |
| Romania | N/A | N/A | N/A | 11.9 | 0% |
| Spain | 6.3 | 67.6 | 130 | 5.6 | -3.9% |
| Others | 221 | 172 | 406 | 246 | 3.6% |
| Total | 493 | 2,101 | 2,015 | 2,058 | 61.0% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Ghana in 2022:
- China (10.8K tons)
- Czech Republic (0.3K tons)
- Romania (0.2K tons)
- Australia (0.1K tons)
- Germany (0.1K tons)
- Spain (0.1K tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in Ghana
Exports of mineral substances not elsewhere specified or includeds from Ghana contracted markedly to 8.2 tons in 2022, which is down by -34.4% on the previous year. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 261% against the previous year.
In value terms, exports of mineral substances not elsewhere specified or includeds fell markedly to $23K in 2022. Over the period under review, exports saw a mild descent. The pace of growth appeared the most rapid in 2021 with an increase of 494% against the previous year. As a result, the exports attained the peak of $39K, and then contracted notably in the following year.
| Export of Mineral Substances Not Elsewhere Specified or Included in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | 10.2 | 3.9 | 13.5 | 10.7 | 1.6% |
| United States | 1.7 | 0.6 | 2.1 | 1.6 | -2.0% |
| United Kingdom | 1.4 | 0.5 | 1.6 | 1.3 | -2.4% |
| Cote d'Ivoire | 2.3 | 0.7 | 1.9 | 1.2 | -19.5% |
| South Africa | 2.6 | 0.2 | 3.3 | 0.3 | -51.3% |
| Norway | 2.0 | N/A | N/A | N/A | 0% |
| Others | 3.7 | 0.6 | 16.4 | 7.4 | 26.0% |
| Total | 23.9 | 6.5 | 38.7 | 22.6 | -1.8% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Ghana in 2022:
- Cote d'Ivoire (4.0 tons)
- Burkina Faso (2.3 tons)
- United States (1.5 tons)
- United Kingdom (0.2 tons)
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