Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ethiopia - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ethiopia (CIF) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ethiopia
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ethiopia (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $4,184 per ton, increasing by 488% against the previous year. Overall, the import price continues to indicate a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 China ($5,428 per ton), while the price for India ($2,621 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+74.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ethiopia
In 2022, overseas purchases of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses decreased by -16.3% to 3.6K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2020 with an increase of 26%. As a result, imports reached the peak of 59K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses soared to $15M in 2022. Overall, imports recorded a dramatic curtailment.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.3 | 3.3 | 0.6 | 6.5 | 71.0% |
| Ukraine | 5.2 | 3.9 | 0.2 | 4.0 | -8.4% |
| Turkey | 21.8 | 13.8 | 0.9 | 1.7 | -57.3% |
| Moldova | 0.8 | 0.9 | 0.5 | 1.2 | 14.5% |
| Vietnam | 0.7 | 1.4 | 0.1 | 1.0 | 12.6% |
| India | 0.1 | 0.5 | 0.2 | 0.4 | 58.7% |
| Hong Kong SAR | N/A | 2.8 | 0.5 | N/A | -82.1% |
| Others | 0.4 | 0.3 | 0.1 | 0.3 | -9.1% |
| Total | 30.2 | 27.0 | 3.1 | 15.0 | -20.8% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Ethiopia in 2022:
- Ukraine (1283.4 tons)
- China (1206.5 tons)
- Turkey (319.6 tons)
- Moldova (317.6 tons)
- Vietnam (228.8 tons)
- India (147.3 tons)
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