Price for Steel, Alloy; Ingots and Other Primary Forms in Angola - 2022
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Angola (CIF) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Angola (FOB) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Angola
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Angola
Price for Steel, Alloy; Ingots and Other Primary Forms in Angola (CIF) - 2022
The average import price for steel, alloy; ingots and other primary formses stood at $25,003 per ton in 2022, shrinking by -35.8% against the previous year. Overall, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 50%. Over the period under review, average import prices reached the maximum at $38,932 per ton in 2021, and then contracted dramatically in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($524,685 per ton), while the price for China totaled $15,554 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+16.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Alloy; Ingots and Other Primary Forms in Angola (FOB) - 2022
In 2021, the average export price for steel, alloy; ingots and other primary formses amounted to $563 per ton, rising by 73% against the previous year. Overall, export price indicated strong growth from 2019 to 2021: its price increased at an average annual rate of +13.5% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2019 to 2021, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to -24.0% per year.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Angola
In 2022, imports of steel, alloy; ingots and other primary formses into Angola skyrocketed to 22 tons, growing by 64% against the previous year's figure. Overall, imports, however, recorded a deep contraction.
In value terms, imports of steel, alloy; ingots and other primary formses rose remarkably to $543K in 2022. In general, imports, however, showed a abrupt decline. The growth pace was the most rapid in 2020 when imports increased by 39% against the previous year. As a result, imports reached the peak of $1M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 429 | 593 | 312 | 330 | -8.4% |
| United Kingdom | 227 | 314 | 165 | 175 | -8.3% |
| Others | 70.6 | 102 | 40.5 | 38.9 | -18.0% |
| Total | 727 | 1,009 | 517 | 543 | -9.3% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Angola in 2022:
- China (21.2 tons)
- United Kingdom (0.3 tons)
Exports of Steel, Alloy; Ingots and Other Primary Forms in Angola
In 2021, shipments abroad of steel, alloy; ingots and other primary formses decreased by -45.6% to 1.8K tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 550%. As a result, the exports reached the peak of 3.3K tons, and then dropped rapidly in the following year.
In value terms, exports of steel, alloy; ingots and other primary formses reduced to $995K in 2021. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 385% against the previous year. As a result, the exports attained the peak of $1.1M, and then reduced in the following year.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United States | N/A | N/A | 995 | 0% | |
| Senegal | N/A | 810 | N/A | 0% | |
| Democratic Republic of the Congo | 218 | 249 | N/A | 14.2% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 218 | 1,059 | 995 | 113.6% | |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Angola in 2022:
- United States (1.8K tons)
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