Price for Hot-Rolled Wire Rod in Coils in Libya - 2022
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Libya (CIF) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Libya
Price for Hot-Rolled Wire Rod in Coils in Libya (CIF) - 2022
In 2022, the average import price for hot-rolled wire rods in coils amounted to $748 per ton, surging by 2.1% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 +31.4% against 2018 indices. The growth pace was the most rapid in 2021 when the average import price increased by 49%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
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 Egypt ($1,130 per ton), while the price for Ukraine ($423 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Hot-Rolled Wire Rod in Coils in Libya
In 2022, the amount of hot-rolled wire rods in coils imported into Libya shrank to 27K tons, with a decrease of -9.2% compared with the previous year. Over the period under review, imports showed a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 119% against the previous year.
In value terms, hot-rolled wire rod in coils imports shrank to $20M in 2022. Overall, imports continue to indicate a pronounced descent. The growth pace was the most rapid in 2021 with an increase of 225% against the previous year.
| Import of Hot-Rolled Wire Rod in Coils in Libya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 3.2 | 2.3 | 8.4 | 8.8 | 40.1% |
| Turkey | 13.1 | 3.4 | 10.3 | 7.7 | -16.2% |
| Ukraine | 1.5 | 0.9 | 2.8 | 3.2 | 28.7% |
| Spain | 1.1 | N/A | N/A | N/A | 0% |
| Belarus | 3.6 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.1 | 0.4 | 0.5 | 35.7% |
| Total | 22.7 | 6.7 | 21.9 | 20.3 | -3.7% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Libya in 2022:
- Turkey (11.6K tons)
- Egypt (7.8K tons)
- Ukraine (7.6K tons)
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