Ghana - Iron Or Steel Spring Washers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Spring Washer Price in Ghana - 2022
Contents:
- Metal Spring Washer Price in Ghana (CIF) - 2022
- Metal Spring Washer Price in Ghana (FOB) - 2022
- Metal Spring Washer Imports in Ghana
- Metal Spring Washer Exports in Ghana
Metal Spring Washer Price in Ghana (CIF) - 2022
The average metal spring washer import price stood at $12,361 per ton in 2022, growing by 90% against the previous year. Overall, the import price showed a temperate increase. The growth pace was the most rapid in 2019 when the average import price increased by 220% against the previous year. The import price peaked at $21,294 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 the UK ($75,578 per ton), while the price for South Korea ($890 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+34.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Spring Washer Price in Ghana (FOB) - 2022
The average metal spring washer export price stood at $25,389 per ton in 2022, with an increase of 128% against the previous year. In general, the export price posted prominent growth. The growth pace was the most rapid in 2019 an increase of 198%. As a result, the export price reached the peak level of $43,184 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($89,000 per ton), while the average price for exports to the Netherlands ($600 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 Belgium (+4.6%), while the prices for the other major destinations experienced a decline.
Metal Spring Washer Imports in Ghana
In 2022, supplies from abroad of iron or steel spring washers decreased by -35.4% to 13 tons, falling for the second consecutive year after two years of growth. In general, imports showed a deep setback. The growth pace was the most rapid in 2020 when imports increased by 5.4%. As a result, imports attained the peak of 22 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, metal spring washer imports surged to $159K in 2022. Over the period under review, imports faced a abrupt downturn.
| Import of Metal Spring Washer in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 195 | 121 | 11.9 | 104 | -18.9% |
| China | 13.3 | 42.2 | 21.7 | 23.1 | 20.2% |
| Belgium | 1.3 | 0.4 | 3.6 | 7.2 | 76.9% |
| United Arab Emirates | 1.6 | 1.0 | 11.4 | 2.9 | 21.9% |
| South Korea | 0.9 | 1.3 | 4.8 | 1.6 | 21.1% |
| Slovenia | 0.6 | 1.5 | 4.8 | 1.3 | 29.4% |
| South Africa | 6.4 | 4.8 | 5.6 | 0.5 | -57.3% |
| Netherlands | 11.8 | 2.1 | 2.5 | 0.2 | -74.3% |
| Others | 18.5 | 14.7 | 64.0 | 18.6 | 0.2% |
| Total | 250 | 188 | 130 | 159 | -14.0% |
Top Suppliers of Metal Spring Washer to Ghana in 2022:
- China (7.5 tons)
- South Korea (1.8 tons)
- United States (1.4 tons)
- Belgium (0.8 tons)
- United Arab Emirates (0.6 tons)
- Slovenia (0.2 tons)
Metal Spring Washer Exports in Ghana
In 2022, after two years of decline, there was significant growth in overseas shipments of iron or steel spring washers, when their volume increased by 125% to 18 kg. Overall, exports, however, continue to indicate a dramatic descent.
In value terms, metal spring washer exports soared to $457 in 2022. Over the period under review, exports, however, recorded a dramatic decline.
| Export of Metal Spring Washer in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1,623 | 744 | 82.0 | 445 | -35.0% |
| Netherlands | 26.0 | 14.0 | 1.0 | 3.0 | -51.3% |
| Cote d'Ivoire | 20.0 | 8.0 | 1.0 | 3.0 | -46.9% |
| Angola | 19.0 | 6.0 | 1.0 | 2.0 | -52.8% |
| South Africa | 8.0 | 4.0 | 1.0 | 2.0 | -37.0% |
| Burkina Faso | 1.0 | 1.0 | 1.0 | 1.0 | 0.0% |
| Senegal | 5.0 | 1.0 | 1.0 | 1.0 | -41.5% |
| Others | 414 | 51.0 | 1.0 | N/A | -95.1% |
| Total | 2,116 | 829 | 89.0 | 457 | -40.0% |
Top Export Markets for Metal Spring Washer from Ghana in 2022:
- Netherlands (5.0 kg)
- Belgium (5.0 kg)
- Angola (3.0 kg)
- Cote d'Ivoire (2.0 kg)
- South Africa (1.0 kg)
- Burkina Faso (1.0 kg)
- Senegal (1.0 kg)
This report provides an in-depth analysis of the metal spring washer 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 25941210 - Iron or steel spring washers and other lock washers
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
-
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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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