Price for Hot-Rolled Wire Rod in Coils in Iraq - 2022
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Iraq (CIF) - 2022
- Price for Hot-Rolled Wire Rod in Coils in Iraq (FOB) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Iraq
- Exports of Hot-Rolled Wire Rod in Coils in Iraq
Price for Hot-Rolled Wire Rod in Coils in Iraq (CIF) - 2022
The average import price for hot-rolled wire rods in coils stood at $632 per ton in 2022, shrinking by -2.1% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 46% against the previous year. As a result, import price attained the peak level of $646 per ton, and then contracted modestly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($727 per ton), while the price for Ukraine ($356 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Wire Rod in Coils in Iraq (FOB) - 2022
The average export price for hot-rolled wire rods in coils stood at $953 per ton in 2022, jumping by 45% against the previous year. Overall, the export price showed prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($965 per ton), while the average price for exports to Qatar totaled $658 per ton.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+23.1%).
Imports of Hot-Rolled Wire Rod in Coils in Iraq
Hot-rolled wire rod in coils imports into Iraq contracted remarkably to 60K tons in 2022, dropping by -53.6% on the previous year. Overall, imports recorded a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 24%.
In value terms, hot-rolled wire rod in coils imports dropped remarkably to $38M in 2022. In general, imports saw a significant contraction. The growth pace was the most rapid in 2021 when imports increased by 81%. As a result, imports reached the peak of $84M, and then contracted notably in the following year.
| Import of Hot-Rolled Wire Rod in Coils in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 67.5 | 39.0 | 75.3 | 33.6 | -20.7% |
| Ukraine | 3.0 | 3.1 | 4.0 | 2.2 | -9.8% |
| Turkey | 3.0 | 2.7 | 2.2 | 1.0 | -30.7% |
| Russia | 1.2 | 1.2 | 1.6 | 0.8 | -12.6% |
| Others | 0.9 | 0.4 | 0.7 | 0.5 | -17.8% |
| Total | 75.7 | 46.4 | 83.9 | 38.1 | -20.5% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Iraq in 2022:
- Iran (50.6K tons)
- Ukraine (6.0K tons)
- Russia (1.8K tons)
- Turkey (1.4K tons)
Exports of Hot-Rolled Wire Rod in Coils in Iraq
In 2022, shipments abroad of hot-rolled wire rods in coils decreased by -20% to 5.1K tons, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 115%. As a result, the exports reached the peak of 7.7K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, hot-rolled wire rod in coils exports soared to $4.9M in 2022. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 106% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Hot-Rolled Wire Rod in Coils in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 1.3 | 3.5 | 4.2 | 4.8 | 54.6% |
| Qatar | N/A | N/A | N/A | 0.1 | 0% |
| United Arab Emirates | 0.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.7 | 3.5 | 4.2 | 4.9 | 42.3% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Iraq in 2022:
- Oman (4.9K tons)
- Qatar (0.2K tons)
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