Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Iraq - 2022
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Iraq (CIF) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Iraq
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Iraq (CIF) - 2022
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $532 per ton in 2022, dropping by -30.1% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 increased by +38.8% against 2015 indices. The pace of growth appeared the most rapid in 2021 an increase of 53% against the previous year. As a result, import price reached the peak level of $760 per ton, and then shrank markedly in the following year.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -2.1% per year.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Iraq
In 2022, purchases abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses increased by 293% to 1.9K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a precipitous contraction.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $1M in 2022. Over the period under review, imports, however, saw a sharp slump.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 11.6 | 68.7 | 335 | 998 | 341.5% |
| China | 813 | 1,568 | N/A | N/A | 92.9% |
| Iran | 2,440 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 29.7 | 2.4 | -91.9% |
| Total | 3,264 | 1,637 | 364 | 1,001 | -32.6% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Iraq in 2022:
- United Arab Emirates (1875.8 tons)
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