Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Algeria - 2022

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Algeria (CIF) - 2022
2. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Algeria

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Algeria (CIF) - 2022

In 2022, the average import price for steel, alloy amounted to $3,461 per ton, jumping by 62% against the previous year. Over the period under review, the import price continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 75%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 Germany ($5,329 per ton), while the price for Italy ($1,833 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+116.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Algeria

In 2022, the amount of steel, alloy imported into Algeria shrank rapidly to 1.1K tons, which is down by -19.4% on 2021. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +6.6% 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 +27.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 58%. As a result, imports reached the peak of 1.4K tons, and then declined significantly in the following year.

In value terms, imports of steel, alloy surged to $3.8M in 2022. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 177%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented to Algeria in 2022:

1. China (427.0 tons)
2. Czech Republic (251.6 tons)
3. South Korea (189.5 tons)
4. France (139.1 tons)
5. Italy (49.4 tons)
6. Germany (31.5 tons)
7. United Kingdom (21.2 tons)

Source: IndexBox Market Intelligence Platform