Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ethiopia - 2022
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ethiopia (CIF) - 2022
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ethiopia
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ethiopia (CIF) - 2022
The average import price for stainless steel; flat-rolled products of width less than 600mms stood at $1,645 per ton in 2022, which is down by -6% against the previous year. In general, the import price saw a pronounced decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 77%. Over the period under review, average import prices hit record highs at $4,011 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 India ($8,263 per ton), while the price for China ($1,325 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ethiopia
Imports of stainless steel; flat-rolled products of width less than 600mms into Ethiopia skyrocketed to 318 tons in 2022, increasing by 23% against 2021. Over the period under review, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 110% against the previous year. As a result, imports attained the peak of 444 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of stainless steel; flat-rolled products of width less than 600mms soared to $523K in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 36% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 213 | 363 | 377 | 371 | 20.3% |
| Italy | 45.3 | 44.4 | 42.5 | 66.8 | 13.8% |
| Turkey | 10.8 | 8.0 | 4.3 | 32.3 | 44.1% |
| Belgium | 10.5 | 12.0 | 13.3 | 23.3 | 30.4% |
| India | 32.5 | 4.2 | 1.4 | 2.5 | -57.5% |
| Others | 11.0 | 8.1 | 13.4 | 26.8 | 34.6% |
| Total | 323 | 440 | 452 | 523 | 17.4% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Ethiopia in 2022:
- China (280.2 tons)
- Belgium (15.3 tons)
- Italy (14.0 tons)
- Turkey (6.2 tons)
- India (0.3 tons)
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