Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Angola - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Angola (FOB) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Angola (CIF) - 2022
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Angola
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Angola
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Angola (FOB) - 2022
The average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $637 per ton in 2022, rising by 77% against the previous year. Overall, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2020 an increase of 86% against the previous year. As a result, the export price attained the peak level of $793 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($1,858 per ton), while the average price for exports to Senegal ($392 per ton) was amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+55.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Angola (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $18,617 per ton, flattening at the previous year. In general, the import price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2013 an increase of 107%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($25,466 per ton), while the price for Portugal stood at $9,426 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+765.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Angola
Exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s from Angola skyrocketed to 27K tons in 2022, jumping by 24% compared with the year before. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 4,242%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s skyrocketed to $17M in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 1,873%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Angola (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | N/A | 0.4 | N/A | 8.4 | 358.3% |
| Ghana | 1.1 | N/A | N/A | 5.4 | 70.0% |
| Senegal | N/A | N/A | 7.9 | 3.6 | -54.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.1 | 0.4 | 7.9 | 17.3 | 150.5% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Angola in 2022:
- Ghana (13.6K tons)
- Senegal (9.1K tons)
- Democratic Republic of the Congo (4.5K tons)
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Angola
In 2022, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s into Angola stood at 363 kg, standing approx. at 2021. In general, imports recorded a significant curtailment. The smallest decline of 99.9% was in 2021.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $6.8K in 2022. Over the period under review, imports continue to indicate a dramatic slump. The smallest decline of 99.9% was in 2021.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | 11.4 | N/A | 5.3 | -31.8% | |
| Portugal | 789 | N/A | 1.5 | -95.6% | |
| Others | 63.3 | N/A | N/A | 0% | |
| Total | 863 | N/A | 6.8 | -91.1% | |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Angola in 2022:
- United States (208.0 kg)
- Portugal (155.0 kg)
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