Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Turkey - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Turkey (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Turkey (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Turkey
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Turkey
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Turkey (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $760 per ton, increasing by 60% against the previous year. Overall, the import price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2015 an increase of 214%. As a result, import price attained the peak level of $4,849 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
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 Italy ($1,061 per ton), while the price for Iran amounted to $691 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-4.5%).
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Turkey (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $3,164 per ton, shrinking by -31% against the previous year. In general, the export price, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2013 an increase of 1,382% against the previous year. As a result, the export price attained the peak level of $10,647 per ton. From 2014 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 Switzerland.
From 2012 to 2022, the rate of growth in terms of prices for Iran amounted to +74.9% per year.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Turkey
Imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s into Turkey skyrocketed to 4.3K tons in 2022, growing by 17,774% against the previous year's figure. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s skyrocketed to $3.3M in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | N/A | N/A | N/A | 2.4 | 0% |
| Italy | N/A | N/A | N/A | 0.9 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | N/A | N/A | N/A | 3.3 | 0% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Turkey in 2022:
- Iran (3.5K tons)
- Italy (0.8K tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Turkey
In 2022, overseas shipments of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s decreased by -99.1% to 67 kg, falling for the second year in a row after two years of growth. In general, exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 384% against the previous year. As a result, the exports reached the peak of 1.2K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s fell notably to $212 in 2022. Over the period under review, exports faced a precipitous decline. The growth pace was the most rapid in 2020 when exports increased by 246%. As a result, the exports reached the peak of $730K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | N/A | N/A | N/A | 0.2 | 0% |
| Germany | N/A | 293 | N/A | N/A | 0% |
| India | 124 | 435 | N/A | N/A | 250.8% |
| Others | 87.0 | 1.5 | 33.1 | N/A | -38.3% |
| Total | 211 | 730 | 33.1 | 0.2 | -90.2% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Turkey in 2022:
- Switzerland (67.0 kg)
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