Price for Hot-Rolled Wire Rod in Coils in Cameroon - 2022
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Cameroon (CIF) - 2022
- Price for Hot-Rolled Wire Rod in Coils in Cameroon (FOB) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Cameroon
- Exports of Hot-Rolled Wire Rod in Coils in Cameroon
Price for Hot-Rolled Wire Rod in Coils in Cameroon (CIF) - 2022
In 2022, the average import price for hot-rolled wire rods in coils amounted to $821 per ton, rising by 36% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire rod in coils import price increased by +89.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 40% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Antigua and Barbuda ($1,047 per ton), while the price for Hong Kong SAR ($320 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Wire Rod in Coils in Cameroon (FOB) - 2022
In 2022, the average export price for hot-rolled wire rods in coils amounted to $1,424 per ton, picking up by 11% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 65% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,649 per ton in 2013; however, from 2014 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 Chad ($2,492 per ton), while the average price for exports to Central African Republic ($579 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 Myanmar (+18.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Hot-Rolled Wire Rod in Coils in Cameroon
In 2022, after three years of growth, there was significant decline in overseas purchases of hot-rolled wire rods in coils, when their volume decreased by -77.7% to 13K tons. In general, imports showed a sharp decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 29%.
In value terms, hot-rolled wire rod in coils imports fell sharply to $11M in 2022. Overall, imports faced a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 53%. As a result, imports attained the peak of $35M, and then shrank dramatically in the following year.
| Import of Hot-Rolled Wire Rod in Coils in Cameroon (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 2.1 | 2.2 | 3.0 | 1.9 | -3.3% |
| Portugal | 1.5 | 1.5 | 2.1 | 1.3 | -4.7% |
| Ukraine | 7.2 | 7.2 | 18.3 | 1.2 | -45.0% |
| Russia | 1.3 | 1.3 | 1.8 | 1.2 | -2.6% |
| China | 2.7 | 0.6 | 6.1 | 1.0 | -28.2% |
| Turkey | 1.5 | 1.7 | 0.4 | 0.7 | -22.4% |
| Antigua and Barbuda | 0.5 | 0.5 | 0.6 | 0.3 | -15.7% |
| Hong Kong SAR | 0.4 | 0.3 | 0.3 | 0.1 | -37.0% |
| Others | 3.3 | 7.5 | 2.2 | 2.7 | -6.5% |
| Total | 20.6 | 22.8 | 34.7 | 10.6 | -19.9% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Cameroon in 2022:
- Belarus (3.5K tons)
- Portugal (1.7K tons)
- Ukraine (1.5K tons)
- China (1.2K tons)
- Russia (1.2K tons)
- Turkey (0.7K tons)
- Hong Kong SAR (0.4K tons)
- Antigua and Barbuda (0.3K tons)
Exports of Hot-Rolled Wire Rod in Coils in Cameroon
In 2022, overseas shipments of hot-rolled wire rods in coils decreased by -9.7% to 11 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 154%.
In value terms, hot-rolled wire rod in coils exports totaled $15K in 2022. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 255%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.
| Export of Hot-Rolled Wire Rod in Coils in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chad | 1.5 | 5.0 | 9.9 | 10.3 | 90.1% |
| Central African Republic | 0.5 | 1.9 | 3.8 | 3.4 | 89.5% |
| Congo | 0.1 | 0.7 | 1.6 | 1.7 | 157.1% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 2.1 | 7.6 | 15.3 | 15.4 | 94.3% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Cameroon in 2022:
- Central African Republic (5.9 tons)
- Chad (4.1 tons)
- Congo (0.8 tons)
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