Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Ghana - 2022
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Ghana (CIF) - 2022
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Ghana (FOB) - 2022
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Ghana
- Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Ghana
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Ghana (CIF) - 2022
The average import price for aluminium oxide (including artificial corundum); aluminium hydroxide stood at $501 per ton in 2022, picking up by 9.2% against the previous year. Overall, the import price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 63% against the previous year. The import price peaked at $2,133 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($2,383 per ton), while the price for Brazil ($315 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+982.3%), while the prices for the other major suppliers experienced a decline.
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Ghana (FOB) - 2022
In 2022, the average export price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $732 per ton, therefore, remained relatively stable against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 14%. The export price peaked at $919 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +3.8% per year.
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Ghana
For the fourth year in a row, Ghana recorded growth in supplies from abroad of aluminium oxide (including artificial corundum); aluminium hydroxide, which increased by 20% to 74K tons in 2022. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 65% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide surged to $37M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Ghana (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | 4.5 | 12.4 | 175.6% |
| Australia | 0.4 | 1.0 | 6.7 | 8.6 | 178.1% |
| Brazil | 10.9 | 8.2 | 6.0 | 7.9 | -10.2% |
| Jamaica | 14.1 | 12.7 | 9.1 | 7.3 | -19.7% |
| Netherlands | N/A | N/A | 1.5 | 0.2 | -86.7% |
| Others | 0.2 | 0.3 | 0.3 | 0.4 | 26.0% |
| Total | 25.6 | 22.2 | 28.2 | 36.9 | 13.0% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to Ghana in 2022:
- Brazil (25.0K tons)
- Spain (23.6K tons)
- Jamaica (20.9K tons)
- Australia (3.6K tons)
- Netherlands (0.1K tons)
Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Ghana
After two years of decline, overseas shipments of aluminium oxide (including artificial corundum); aluminium hydroxide decreased by 0% to 32 tons in 2022. Over the period under review, exports saw a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of aluminium oxide (including artificial corundum); aluminium hydroxide totaled $23K in 2022. In general, exports recorded significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 23.3 | 0% |
| Burkina Faso | 3.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 3.2 | N/A | N/A | 23.4 | 94.1% |
Top Export Markets for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide from Ghana in 2022:
- India (31.9 tons)
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