Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Ethiopia - 2022
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Ethiopia (CIF) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Ethiopia
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Ethiopia (CIF) - 2022
The average import price for steel, alloy stood at $831 per ton in 2022, leveling off at the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 increased by +66.6% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 69% against the previous year. As a result, import price reached the peak level of $844 per ton, and then declined in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,050 per ton), while the price for Japan totaled $766 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.9%).
Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Ethiopia
In 2022, approx. 1.2K tons of steel, alloy were imported into Ethiopia; waning by -40.4% on 2021 figures. In general, imports faced a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 175%. As a result, imports attained the peak of 2K tons, and then declined significantly in the following year.
In value terms, imports of steel, alloy dropped dramatically to $994K in 2022. Overall, imports showed a slight setback. The most prominent rate of growth was recorded in 2021 when imports increased by 366% against the previous year. As a result, imports reached the peak of $1.7M, and then contracted dramatically in the following year.
| Import of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 36.2 | 36.1 | 202 | 706 | 169.2% |
| China | 1,007 | 327 | 758 | 288 | -34.1% |
| Ukraine | N/A | N/A | 731 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,044 | 363 | 1,692 | 994 | -1.6% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils to Ethiopia in 2022:
- Japan (920.7 tons)
- China (274.4 tons)
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