Price for Steel, Alloy; Ingots and Other Primary Forms in Pakistan - 2022
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Pakistan (FOB) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Pakistan (CIF) - 2022
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Pakistan
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Pakistan
Price for Steel, Alloy; Ingots and Other Primary Forms in Pakistan (FOB) - 2022
In 2022, the average export price for steel, alloy; ingots and other primary formses amounted to $1,738 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 110%. Over the period under review, the average export prices attained the maximum at $1,843 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Belgium.
From 2014 to 2022, the rate of growth in terms of prices for China amounted to +55.2% per year.
Price for Steel, Alloy; Ingots and Other Primary Forms in Pakistan (CIF) - 2022
The average import price for steel, alloy; ingots and other primary formses stood at $342 per ton in 2022, which is down by -19.5% against the previous year. Overall, the import price showed a abrupt contraction. The pace of growth was the most pronounced in 2021 an increase of 69% against the previous year. The import price peaked at $2,204 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
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 Taiwan (Chinese) ($1,838 per ton), while the price for China amounted to $314 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-5.4%), while the prices for the other major suppliers experienced a decline.
Exports of Steel, Alloy; Ingots and Other Primary Forms in Pakistan
For the third consecutive year, Pakistan recorded decline in overseas shipments of steel, alloy; ingots and other primary formses, which decreased by 0% to 5.3 tons in 2022. In general, exports recorded a dramatic decrease. The smallest decline of -85.7% was in 2020.
In value terms, exports of steel, alloy; ingots and other primary formses totaled $9.1K in 2022. Overall, exports faced a sharp decrease. The smallest decline of -69.9% was in 2020.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | N/A | N/A | 9.1 | 0% |
| Germany | 118 | N/A | N/A | N/A | 0% |
| China | N/A | 35.5 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 118 | 35.5 | N/A | 9.1 | -57.4% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Pakistan in 2022:
- Belgium (5.3 tons)
Imports of Steel, Alloy; Ingots and Other Primary Forms in Pakistan
In 2022, purchases abroad of steel, alloy; ingots and other primary formses decreased by -99.1% to 2 tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a sharp slump. The most prominent rate of growth was recorded in 2020 when imports increased by 679% against the previous year. As a result, imports reached the peak of 713 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of steel, alloy; ingots and other primary formses fell significantly to $684 in 2022. Overall, imports saw a dramatic setback. The pace of growth was the most pronounced in 2020 when imports increased by 97%. As a result, imports attained the peak of $179K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.0 | 6.8 | 78.0 | 0.6 | -55.9% |
| Taiwan (Chinese) | 1.4 | 1.2 | 11.8 | 0.1 | -58.5% |
| United Kingdom | N/A | 171 | N/A | N/A | 0% |
| Netherlands | 81.0 | N/A | N/A | N/A | 0% |
| Others | 1.5 | N/A | N/A | N/A | 0% |
| Total | 90.9 | 179 | 89.8 | 0.7 | -80.3% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Pakistan in 2022:
- China (2.0 tons)
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