Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ethiopia - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ethiopia (CIF) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ethiopia
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ethiopia (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,290 per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price continues to indicate a pronounced increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 29%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($2,009 per ton), while the price for Turkey ($669 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ethiopia
For the third year in a row, Ethiopia recorded decline in purchases abroad of iron or non-alloy steel wire, plated or coated with zincs, which decreased by 0% to 629 tons in 2022. Overall, imports saw a precipitous slump. The smallest decline of -24.7% was in 2020.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs amounted to $812K in 2022. In general, imports recorded a precipitous contraction. The smallest decline of -35.5% was in 2020.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,973 | 1,763 | N/A | 570 | -42.3% |
| Turkey | 174 | 136 | N/A | 120 | -11.6% |
| South Korea | 66.5 | 124 | N/A | 53.4 | -7.1% |
| Egypt | 27.6 | 28.1 | N/A | 16.2 | -16.3% |
| Others | 139 | 128 | N/A | 52.5 | -27.7% |
| Total | 3,379 | 2,178 | N/A | 812 | -37.8% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Ethiopia in 2022:
- China (389.1 tons)
- Turkey (179.3 tons)
- South Korea (26.6 tons)
- Egypt (10.3 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Ethiopia.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in Ethiopia.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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