Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Jordan - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Jordan (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Jordan (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Jordan
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Jordan
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Jordan (CIF) - 2022
In December 2022, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,025 per ton, with an increase of 4.5% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 an increase of 12% month-to-month. The import price peaked at $1,171 per ton in March 2022; however, from April 2022 to December 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was the United Arab Emirates ($1,170 per ton), while the price for Egypt ($1,037 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Egypt (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Jordan (FOB) - 2022
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,073 per ton in 2022, growing by 26% against the previous year. Overall, the export price showed perceptible growth. The growth pace was the most rapid in 2016 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices hit record highs at $2,348 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($1,433 per ton), while the average price for exports to Saudi Arabia ($417 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+6.8%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Jordan
In 2022, the amount of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses imported into Jordan fell remarkably to 10K tons, dropping by -87.9% against 2021. In general, imports saw a precipitous decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. As a result, imports attained the peak of 83K tons, and then declined markedly in the following year.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses reduced remarkably to $9M in 2022. Over the period under review, imports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 129%. As a result, imports attained the peak of $70M, and then contracted sharply in the following year.
Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Jordan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Saudi Arabia | 9.9 | 9.4 | 18.7 | 2.8 | -34.4% |
Russia | 0.7 | 1.3 | 3.1 | 1.3 | 22.9% |
Egypt | 13.4 | 7.9 | 12.9 | 1.2 | -55.3% |
Iran | 0.5 | 1.8 | 4.4 | 1.1 | 30.1% |
Palestine | 1.2 | 2.4 | 4.1 | 1.0 | -5.9% |
United Arab Emirates | 4.4 | 5.6 | 20.3 | 0.9 | -41.1% |
Turkey | 1.6 | 0.4 | 0.2 | 0.2 | -50.0% |
China | 0.7 | 0.9 | 1.8 | 0.2 | -34.1% |
Tunisia | N/A | N/A | 3.2 | N/A | 0% |
Others | 1.0 | 0.7 | 1.0 | 0.2 | -41.5% |
Total | 33.4 | 30.4 | 69.6 | 9.0 | -35.4% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Jordan in 2022:
- Saudi Arabia (2.8K tons)
- Palestine (1.7K tons)
- Russia (1.3K tons)
- Iran (1.2K tons)
- Egypt (1.2K tons)
- United Arab Emirates (0.8K tons)
- Turkey (0.3K tons)
- China (0.2K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Jordan
In 2022, approx. 2.6K tons of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses were exported from Jordan; dropping by -4.1% on the previous year. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 99,895%. As a result, the exports attained the peak of 2.7K tons, and then declined modestly in the following year.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses surged to $2.8M in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 53,007%. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Jordan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Palestine | N/A | N/A | 1,049 | 1,774 | 69.1% |
Israel | 10.2 | 4.3 | 994 | 733 | 315.8% |
Free Zones | N/A | N/A | 122 | 185 | 51.6% |
Saudi Arabia | 0.1 | 0.1 | 126 | 99.3 | 897.7% |
Iraq | N/A | N/A | 33.4 | 24.1 | -27.8% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 10.3 | 4.4 | 2,324 | 2,816 | 549.0% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Jordan in 2022:
- Palestine (1679.5 tons)
- Israel (511.6 tons)
- Saudi Arabia (238.2 tons)
- Free Zones (160.7 tons)
- Iraq (35.1 tons)
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