Price for Hot-Rolled Wire Rod in Coils in Angola - 2022

Contents:

1. Price for Hot-Rolled Wire Rod in Coils in Angola (CIF) - 2022
2. Price for Hot-Rolled Wire Rod in Coils in Angola (FOB) - 2022
3. Imports of Hot-Rolled Wire Rod in Coils in Angola
4. Exports of Hot-Rolled Wire Rod in Coils in Angola

Price for Hot-Rolled Wire Rod in Coils in Angola (CIF) - 2022

The average import price for hot-rolled wire rods in coils stood at $776 per ton in 2022, waning by -5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 69% against the previous year. As a result, import price reached the peak level of $822 per ton, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($1,162 per ton), while the price for Spain ($421 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Hot-Rolled Wire Rod in Coils in Angola (FOB) - 2022

The average export price for hot-rolled wire rods in coils stood at $375 per ton in 2022, which is down by -22.9% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 33% against the previous year. The export price peaked at $519 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($22,700 per ton), while the average price for exports to Mozambique ($349 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 Democratic Republic of the Congo (+245.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Wire Rod in Coils in Angola

Hot-rolled wire rod in coils imports into Angola surged to 15K tons in 2022, increasing by 40% on the year before. Overall, imports posted a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 87% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, hot-rolled wire rod in coils imports skyrocketed to $12M in 2022. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2021 when imports increased by 217% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Hot-Rolled Wire Rod in Coils to Angola in 2022:

1. Spain (3.9K tons)
2. Russia (3.2K tons)
3. Brazil (2.3K tons)
4. Turkey (2.2K tons)
5. Portugal (1.8K tons)
6. China (1.2K tons)
7. South Africa (0.3K tons)

Exports of Hot-Rolled Wire Rod in Coils in Angola

For the third consecutive year, Angola recorded decline in shipments abroad of hot-rolled wire rods in coils, which decreased by -59.1% to 37 tons in 2022. Over the period under review, exports recorded a sharp setback. The smallest decline of -37.4% was in 2020.

In value terms, hot-rolled wire rod in coils exports dropped remarkably to $14K in 2022. In general, exports faced a dramatic decrease. The smallest decline of -30.7% was in 2020.

Top Export Markets for Hot-Rolled Wire Rod in Coils from Angola in 2022:

1. Mozambique (36.4 tons)
2. United Kingdom (0.7 tons)

Source: IndexBox Market Intelligence Platform