Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Morocco - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Morocco (CIF) - 2023
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Morocco (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Morocco
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Morocco
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Morocco (CIF) - 2023
In December 2022, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $910 per ton, picking up by 20% against the previous month. Over the period under review, the import price, however, saw a perceptible downturn. The import price peaked at $1,161 per ton in June 2022; however, from July 2022 to December 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was Turkey ($1,208 per ton), while the price for Portugal amounted to $897 per ton.
From June 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.6%).
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Morocco (FOB) - 2022
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,072 per ton in 2022, jumping by 24% against the previous year. Overall, the export price, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2021 an increase of 75%. The export price peaked at $1,463 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($1,262 per ton), while the average price for exports to Senegal stood at $1,044 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Morocco
Imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Morocco fell to 51K tons in 2022, reducing by -10.3% against the previous year. Overall, imports saw a precipitous decrease.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $44M in 2022. In general, imports faced a sharp decrease.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 50.1 | 28.5 | 18.5 | 21.4 | -24.7% |
| Portugal | 40.1 | 33.2 | 13.2 | 13.2 | -31.0% |
| Spain | 6.0 | 5.9 | 5.2 | 3.9 | -13.4% |
| Egypt | 2.0 | 2.6 | 3.2 | 3.2 | 17.0% |
| Italy | 7.5 | 4.1 | 3.2 | 2.1 | -34.6% |
| Others | 2.7 | 0.6 | 0.2 | 0.2 | -58.0% |
| Total | 108 | 74.8 | 43.4 | 44.0 | -25.9% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Morocco in 2022:
- Turkey (21.5K tons)
- Portugal (17.1K tons)
- Spain (5.4K tons)
- Egypt (4.0K tons)
- Italy (2.8K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Morocco
In 2022, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses from Morocco dropped markedly to 94 tons, shrinking by -99.6% against the previous year. In general, exports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 120,377% against the previous year. As a result, the exports reached the peak of 24K tons, and then shrank remarkably in the following year.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses fell notably to $101K in 2022. Overall, exports recorded a sharp downturn. The pace of growth was the most pronounced in 2021 with an increase of 210,679%. As a result, the exports attained the peak of $21M, and then shrank sharply in the following year.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Senegal | 2.2 | N/A | 4.0 | 0.1 | -64.3% |
| Benin | 0.3 | N/A | 0.4 | N/A | 15.5% |
| Germany | N/A | N/A | 16.4 | N/A | 0% |
| United States | 4.5 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 7.1 | N/A | 20.9 | 0.1 | -75.9% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Morocco in 2022:
- Senegal (86.7 tons)
- Benin (6.2 tons)
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