Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Sri Lanka - 2022
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Sri Lanka (CIF) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Sri Lanka (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Sri Lanka
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Sri Lanka
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Sri Lanka (CIF) - 2022
In 2022, the average import price for iron or steel; non-threaded cotters and cotter-pinses amounted to $5,002 per ton, picking up by 15% against the previous year. Over the period under review, the import price, however, showed a noticeable downturn. The growth pace was the most rapid in 2018 an increase of 138% against the previous year. The import price peaked at $13,896 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($81,134 per ton), while the price for India ($2,526 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Sri Lanka (FOB) - 2022
The average export price for iron or steel; non-threaded cotters and cotter-pinses stood at $3,267 per ton in 2022, which is down by -77.4% against the previous year. In general, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 139% against the previous year. As a result, the export price reached the peak level of $27,571 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +18.2% per year.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Sri Lanka
After three years of growth, supplies from abroad of iron or steel; non-threaded cotters and cotter-pinses decreased by -29.6% to 59 tons in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, imports reached the peak of 84 tons, and then reduced remarkably in the following year.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses declined notably to $297K in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. As a result, imports reached the peak of $367K, and then fell rapidly in the following year.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 67.3 | 90.9 | 175 | 117 | 20.2% |
| India | 32.2 | 39.0 | 89.4 | 58.5 | 22.0% |
| Japan | 6.2 | 2.5 | 7.0 | 31.0 | 71.0% |
| South Korea | 0.6 | 2.4 | 3.8 | 20.8 | 226.1% |
| Malaysia | 18.1 | 38.6 | 4.4 | 11.0 | -15.3% |
| Others | 178 | 78.0 | 87.2 | 58.9 | -30.8% |
| Total | 303 | 251 | 367 | 297 | -0.7% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Sri Lanka in 2022:
- China (28.5 tons)
- India (23.2 tons)
- Japan (3.4 tons)
- South Korea (1.6 tons)
- Malaysia (1.4 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Sri Lanka
In 2022, overseas shipments of iron or steel; non-threaded cotters and cotter-pinses were finally on the rise to reach 1.6 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a dramatic contraction.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses surged to $5.2K in 2022. In general, exports, however, saw a sharp contraction.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | N/A | N/A | N/A | 5.2 | 0% |
| Spain | 97.7 | N/A | N/A | N/A | 0% |
| Norway | 0.2 | N/A | N/A | N/A | 0% |
| China | 2.1 | N/A | N/A | N/A | 0% |
| Malaysia | 6.2 | N/A | N/A | N/A | 0% |
| Ethiopia | 1.9 | N/A | N/A | N/A | 0% |
| Others | 1.6 | 2.8 | 2.1 | N/A | 14.6% |
| Total | 110 | 2.8 | 2.1 | 5.2 | -63.8% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Sri Lanka in 2022:
- Maldives (1588.0 kg)
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