Price for Wire of Other Alloy Steel in Morocco - 2023
Contents:
- Price for Wire of Other Alloy Steel in Morocco (CIF) - 2023
- Price for Wire of Other Alloy Steel in Morocco (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Morocco
- Exports of Wire of Other Alloy Steel in Morocco
Price for Wire of Other Alloy Steel in Morocco (CIF) - 2023
In December 2022, the average import price for wire of other alloy steels amounted to $1,807 per ton, growing by 21% against the previous month. Over the period under review, the import price, however, continues to indicate a mild slump. The pace of growth was the most pronounced in October 2022 when the average import price increased by 22% m-o-m. As a result, import price attained the peak level of $2,015 per ton. From November 2022 to December 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Belgium ($2,698 per ton), while the price for Turkey ($1,405 per ton) was amongst the lowest.
From June 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Morocco (FOB) - 2022
In 2022, the average export price for wire of other alloy steels amounted to $99,410 per ton, growing by 1,208% against the previous year. Overall, the export price recorded significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Senegal.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +59.3% per year.
Imports of Wire of Other Alloy Steel in Morocco
Wire of other alloy steel imports into Morocco surged to 3K tons in 2022, jumping by 72% on 2021. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, wire of other alloy steel imports skyrocketed to $5.4M in 2022. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Wire of Other Alloy Steel in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 612 | 979 | 975 | 1,730 | 41.4% |
| Italy | 1,088 | 616 | 621 | 1,325 | 6.8% |
| China | 432 | 462 | 283 | 912 | 28.3% |
| Czech Republic | 0.3 | 38.5 | 245 | 530 | 1108.9% |
| Vietnam | 110 | 108 | 147 | 372 | 50.1% |
| India | N/A | 25.4 | 38.0 | 287 | 236.1% |
| Belgium | N/A | N/A | 97.2 | 165 | 69.8% |
| Others | 64.8 | 19.6 | 359 | 116 | 21.4% |
| Total | 2,308 | 2,248 | 2,765 | 5,438 | 33.1% |
Top Suppliers of Wire of Other Alloy Steel to Morocco in 2022:
- Turkey (1136.1 tons)
- Italy (694.2 tons)
- China (573.6 tons)
- Czech Republic (241.0 tons)
- Vietnam (190.1 tons)
- India (92.9 tons)
- Belgium (62.0 tons)
Exports of Wire of Other Alloy Steel in Morocco
In 2022, overseas shipments of wire of other alloy steels decreased by -82.5% to 566 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 474% against the previous year. As a result, the exports attained the peak of 8.6 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, wire of other alloy steel exports skyrocketed to $56K in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 775%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Wire of Other Alloy Steel in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Senegal | N/A | N/A | N/A | 56.3 | 0% |
| Cote d'Ivoire | N/A | N/A | 4.2 | N/A | 0% |
| Gabon | 0.8 | 2.7 | N/A | N/A | 237.5% |
| France | 0.1 | 4.7 | 0.5 | N/A | 123.6% |
| Turkey | N/A | N/A | 15.5 | N/A | 0% |
| Others | N/A | N/A | 4.5 | N/A | 0% |
| Total | 0.9 | 7.5 | 24.6 | 56.3 | 297.0% |
Top Export Markets for Wire of Other Alloy Steel from Morocco in 2022:
- Senegal (566.0 kg)
271
This report provides an in-depth analysis of the market for iron and steel wire in Morocco.
291
This report provides an in-depth analysis of the market for iron and steel wire in Morocco.
1959
This report provides an in-depth analysis of the global market for iron and steel wire.
551
This report provides an in-depth analysis of the global market for iron and steel wire.
854
In value terms, wire of other alloy steel imports stood at $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual rate of +...
1520
In value terms, barbed wire of iron and steel imports amounted to $X in 2016. In general, barbed wire of iron and steel imports continue to indicate a mild slump. Over the period under review, glob...
1017
In value terms, wires, rods, tubes, plates, electrodes of base metal imports totaled $X in 2016. In general, wires, rods, tubes, plates, electrodes of base metal imports continue to indicate a mild...
1246
In value terms, wire of other alloy steel exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some...
682
In value terms, barbed wire of iron and steel exports totaled $X in 2016. In general, barbed wire of iron and steel exports continue to indicate a relatively flat trend pattern. Over the period und...
945
In value terms, wires, rods, tubes, plates, electrodes of base metal exports amounted to $X in 2016. Overall, wires, rods, tubes, plates, electrodes of base metal exports continue to indicate a sli...
3555
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
768
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
277
Discover the top import markets for iron and steel wire and key statistics on their import values. Learn about the global demand for this essential material.
235
Explore the top countries importing iron and steel wire in 2023 and the factors driving their demand. Get insights into the global market for these essential materials.
