Price for Iron and Non-Alloy Steel in Ingot in Sri Lanka - 2022
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Sri Lanka (CIF) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Sri Lanka (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Sri Lanka
- Exports of Iron and Non-Alloy Steel in Ingot in Sri Lanka
Price for Iron and Non-Alloy Steel in Ingot in Sri Lanka (CIF) - 2022
In 2022, the average import price for iron and non-alloy steel in ingots amounted to $1,326 per ton, growing by 11% against the previous year. In general, the import price recorded a pronounced increase. The growth pace was the most rapid in 2018 an increase of 130% against the previous year. As a result, import price attained the peak level of $2,050 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +16.8% per year.
Price for Iron and Non-Alloy Steel in Ingot in Sri Lanka (FOB) - 2022
In 2022, the average export price for iron and non-alloy steel in ingots amounted to $2,313 per ton, therefore, remained relatively stable against the previous year. In general, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in 2019 an increase of 54%. As a result, the export price attained the peak level of $3,441 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to -11.9% per year.
Imports of Iron and Non-Alloy Steel in Ingot in Sri Lanka
After three years of growth, supplies from abroad of iron and non-alloy steel in ingots decreased by -7.3% to 9.2 tons in 2022. The total import volume increased at an average annual rate of +7.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 17%. As a result, imports attained the peak of 9.9 tons, and then shrank in the following year.
In value terms, imports of iron and non-alloy steel in ingots rose modestly to $12K in 2022. In general, imports continue to indicate a noticeable descent.
| Import of Iron and Non-Alloy Steel in Ingot in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.8 | 2.7 | 2.5 | 0.2 | -51.9% |
| Japan | 1.4 | 0.9 | 1.2 | N/A | -7.4% |
| India | 0.7 | 0.5 | 0.4 | N/A | -24.4% |
| United Arab Emirates | 0.1 | N/A | N/A | N/A | 0% |
| Singapore | 2.0 | 1.6 | 1.1 | N/A | -25.8% |
| Australia | 6.2 | 6.0 | 5.6 | N/A | -5.0% |
| Canada | 0.6 | N/A | N/A | N/A | 0% |
| Others | 0.6 | 0.8 | 0.9 | 12.0 | 171.4% |
| Total | 13.4 | 12.6 | 11.8 | 12.2 | -3.1% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Sri Lanka in 2022:
- China (0.5 tons)
Exports of Iron and Non-Alloy Steel in Ingot in Sri Lanka
Exports of iron and non-alloy steel in ingots from Sri Lanka fell to 14 kg in 2022, waning by -12.5% against 2021. Overall, exports recorded a sharp decrease. The smallest decline of -5.9% was in 2021.
In value terms, exports of iron and non-alloy steel in ingots reduced to $33 in 2022. In general, exports faced a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 5.7%.
| Export of Iron and Non-Alloy Steel in Ingot in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 33.0 | 0% |
| United Kingdom | 1,274 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | 37.0 | N/A | 0% |
| Singapore | N/A | 33.0 | N/A | N/A | 0% |
| Others | 1,221 | 2.0 | N/A | N/A | -99.8% |
| Total | 2,495 | 35.0 | 37.0 | 33.0 | -76.4% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Sri Lanka in 2022:
- China (188.0 kg)
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