Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Morocco - 2023
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Morocco (CIF) - 2022
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Morocco (FOB) - 2022
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Morocco
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Morocco
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Morocco (CIF) - 2022
In 2022, the average import price for stainless steel bars and rods, angles, shapes and sectionses amounted to $5,404 per ton, jumping by 32% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for stainless steel bars and rods, angles, shapes and sectionses increased by +55.7% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 41%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($10,467 per ton), while the price for Turkey ($1,993 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Morocco (FOB) - 2022
In 2022, the average export price for stainless steel bars and rods, angles, shapes and sectionses amounted to $4,999 per ton, declining by -16.8% against the previous year. Over the period under review, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 155% against the previous year. The export price peaked at $27,868 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($5,319 per ton), while the average price for exports to Mauritania amounted to $1,997 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-1.2%), while the prices for the other major destinations experienced a decline.
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Morocco
In 2022, purchases abroad of stainless steel bars and rods, angles, shapes and sectionses was finally on the rise to reach 1.7K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt contraction.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses soared to $9M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2,672 | 1,912 | 1,142 | 2,387 | -3.7% |
| France | 2,057 | 1,427 | 1,604 | 2,119 | 1.0% |
| China | 487 | 323 | 783 | 1,350 | 40.5% |
| Italy | 1,130 | 581 | 765 | 1,267 | 3.9% |
| Spain | 1,583 | 973 | 762 | 878 | -17.8% |
| Germany | 180 | 87.4 | 183 | 184 | 0.7% |
| Turkey | N/A | 18.8 | 2.6 | 72.8 | 96.8% |
| Others | 1,049 | 592 | 706 | 746 | -10.7% |
| Total | 9,158 | 5,913 | 5,949 | 9,003 | -0.6% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Morocco in 2022:
- India (590.3 tons)
- China (398.7 tons)
- Italy (219.3 tons)
- France (202.4 tons)
- Spain (142.9 tons)
- Turkey (36.5 tons)
- Germany (28.7 tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Morocco
For the fourth year in a row, Morocco recorded growth in shipments abroad of stainless steel bars and rods, angles, shapes and sectionses, which increased by 12% to 12 tons in 2022. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 1,052%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses declined to $58K in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 863% against the previous year.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1.0 | 1.7 | 37.2 | 55.4 | 281.2% |
| Mauritania | N/A | 0.2 | 9.5 | 2.1 | 224.0% |
| Spain | 2.2 | 0.1 | 10.3 | N/A | 116.4% |
| Cameroon | N/A | N/A | 1.0 | N/A | 0% |
| Oman | N/A | 30.1 | N/A | N/A | 0% |
| Others | 0.1 | 0.2 | 4.1 | 0.1 | 0.0% |
| Total | 3.4 | 32.4 | 62.1 | 57.6 | 156.8% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Morocco in 2022:
- France (10.4 tons)
- Mauritania (1.0 tons)
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