Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Morocco - 2023
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Morocco (CIF) - 2023
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Morocco (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Morocco
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Morocco
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Morocco (CIF) - 2023
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,075 per ton in June 2023, surging by 2.2% against the previous month. In general, the import price, however, continues to indicate a slight decrease. The growth pace was the most rapid in May 2023 an increase of 3.1% m-o-m. Over the period under review, average import prices reached the peak figure at $1,286 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($2,387 per ton), while the price for Poland ($896 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Morocco (FOB) - 2022
The average export price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,425 per ton in 2022, rising by 11% against the previous year. Overall, the export price showed a moderate increase. The growth pace was the most rapid in 2018 an increase of 81% against the previous year. As a result, the export price reached the peak level of $1,614 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mali ($1,557 per ton), while the average price for exports to Mauritania ($1,361 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 Senegal (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Morocco
After two years of decline, purchases abroad of iron or non-alloy steel wire, plated or coated with zincs increased by 20% to 29K tons in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs surged to $33M in 2022. The total import value increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 22.5 | 22.6 | 20.3 | 26.2 | 5.2% |
| Spain | 2.5 | 1.9 | 2.6 | 2.6 | 1.3% |
| China | 2.1 | 2.1 | 1.7 | 1.9 | -3.3% |
| France | 0.6 | 0.6 | 0.7 | 1.0 | 18.6% |
| Egypt | 0.2 | 0.1 | 0.2 | 0.7 | 51.8% |
| Others | 0.7 | 0.6 | 1.0 | 1.1 | 16.3% |
| Total | 28.6 | 27.9 | 26.5 | 33.5 | 5.4% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Morocco in 2022:
- Turkey (24.1K tons)
- Spain (1.7K tons)
- China (1.5K tons)
- Egypt (0.6K tons)
- France (0.5K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Morocco
In 2022, exports of iron or non-alloy steel wire, plated or coated with zincs from Morocco soared to 236 tons, growing by 40% on the previous year's figure. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.1% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs surged to $337K in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 66%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Senegal | 126 | 128 | 195 | 186 | 13.9% |
| Mauritania | 4.5 | 2.6 | 22.6 | 145 | 218.2% |
| Mali | 22.6 | N/A | N/A | 4.8 | -40.3% |
| Others | N/A | N/A | N/A | 1.0 | 0% |
| Total | 153 | 131 | 217 | 337 | 30.1% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Morocco in 2022:
- Senegal (126.2 tons)
- Mauritania (106.6 tons)
- Mali (3.1 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Morocco.
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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 Morocco.
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This report provides an in-depth analysis of the market for iron and steel wire in Morocco.
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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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