Price for Stainless Steel in Ingots or Other Primary Forms in Morocco - 2022
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Morocco (CIF) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Morocco
Price for Stainless Steel in Ingots or Other Primary Forms in Morocco (CIF) - 2022
The average import price for stainless steel in ingots or other primary forms stood at $3,428 per ton in 2022, with a decrease of -33.4% against the previous year. Overall, the import price recorded a slight downturn. The pace of growth appeared the most rapid in 2014 an increase of 347% against the previous year. As a result, import price attained the peak level of $14,795 per ton. From 2015 to 2022, the average import prices remained at a 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 France ($45,571 per ton), while the price for China ($3,016 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Stainless Steel in Ingots or Other Primary Forms in Morocco
Imports of stainless steel in ingots or other primary forms into Morocco surged to 20 tons in 2022, rising by 25% against the previous year's figure. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 361%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of stainless steel in ingots or other primary forms shrank significantly to $68K in 2022. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 324% against the previous year.
| Import of Stainless Steel in Ingots or Other Primary Forms in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.2 | 1.8 | 3.3 | 59.4 | 567.2% |
| United Kingdom | 0.3 | 1.6 | 2.3 | 8.4 | 203.7% |
| India | 0.6 | 15.1 | 17.5 | N/A | 440.1% |
| Egypt | 1.5 | 8.4 | 11.8 | N/A | 180.5% |
| Others | 7.9 | 17.4 | 47.7 | 0.7 | -55.4% |
| Total | 10.5 | 44.4 | 82.5 | 68.5 | 86.9% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Morocco in 2022:
- China (19.7 tons)
- United Kingdom (0.4 tons)
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