Price for Iron and Non-Alloy Steel in Ingot in Algeria - 2022
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Algeria (FOB) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Algeria (CIF) - 2022
- Exports of Iron and Non-Alloy Steel in Ingot in Algeria
- Imports of Iron and Non-Alloy Steel in Ingot in Algeria
Price for Iron and Non-Alloy Steel in Ingot in Algeria (FOB) - 2022
In 2022, the average export price for iron and non-alloy steel in ingots amounted to $132 per ton, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a deep setback. The pace of growth was the most pronounced in 2020 when the average export price decreased by -6.8%. Over the period under review, the average export prices reached the peak figure at $426 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2014 to 2022, the rate of growth in terms of prices for Portugal amounted to -30.8% per year.
Price for Iron and Non-Alloy Steel in Ingot in Algeria (CIF) - 2022
In 2022, the average import price for iron and non-alloy steel in ingots amounted to $1,731 per ton, waning by -6.8% against the previous year. In general, the import price, however, showed a temperate increase. The pace of growth appeared the most rapid in 2013 an increase of 121% against the previous year. The import price peaked at $2,602 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,049 per ton), while the price for Italy ($1,128 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.3%), while the prices for the other major suppliers experienced a decline.
Exports of Iron and Non-Alloy Steel in Ingot in Algeria
In 2022, shipments abroad of iron and non-alloy steel in ingots decreased by 0% to 4K tons, falling for the second year in a row after two years of growth. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 88%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of iron and non-alloy steel in ingots amounted to $533K in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 75% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Iron and Non-Alloy Steel in Ingot in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Niger | 174 | N/A | 86.9 | -29.3% | |
| Others | N/A | N/A | 446 | 0% | |
| Total | 174 | N/A | 533 | 75.0% | |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Algeria in 2022:
- Niger (0.3K tons)
Imports of Iron and Non-Alloy Steel in Ingot in Algeria
In 2022, imports of iron and non-alloy steel in ingots into Algeria dropped to 5.4 tons, which is down by -6.9% compared with 2021 figures. In general, imports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 16%.
In value terms, imports of iron and non-alloy steel in ingots contracted to $9.3K in 2022. Overall, imports faced a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 36%.
| Import of Iron and Non-Alloy Steel in Ingot in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.1 | 3.5 | 5.3 | 4.5 | -14.1% |
| Germany | 5.6 | 2.8 | 4.3 | 3.7 | -12.9% |
| Italy | 2.9 | 1.0 | 1.0 | 0.2 | -59.0% |
| India | N/A | 0.5 | N/A | N/A | 0% |
| Others | 0.3 | 0.1 | 0.1 | 0.8 | 38.7% |
| Total | 15.8 | 7.9 | 10.7 | 9.3 | -16.2% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Algeria in 2022:
- Germany (2.7 tons)
- China (2.2 tons)
- Italy (0.2 tons)
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