Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ethiopia - 2022
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ethiopia (CIF) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ethiopia
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ethiopia (CIF) - 2022
In 2022, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $900 per ton, picking up by 6.8% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses decreased by -0.9% against 2020 indices. The growth pace was the most rapid in 2020 an increase of 43% against the previous year. As a result, import price attained the peak level of $908 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +14.4% per year.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ethiopia
Imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses into Ethiopia skyrocketed to 1.1K tons in 2022, with an increase of 298% on the previous year. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 390% against the previous year. As a result, imports reached the peak of 1.9K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $967K in 2022. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 603% against the previous year. As a result, imports attained the peak of $1.7M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 965 | 0% |
| China | 240 | 1,705 | 222 | N/A | -3.8% |
| Others | 2.9 | 1.4 | 5.3 | 2.1 | -10.2% |
| Total | 243 | 1,707 | 227 | 967 | 58.5% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Ethiopia in 2022:
- Turkey (1073.5 tons)
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