Price for Steel Alloy Wire of Silico-Manganese Steel in Ethiopia - 2022
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Ethiopia (CIF) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Ethiopia
Price for Steel Alloy Wire of Silico-Manganese Steel in Ethiopia (CIF) - 2022
The average import price for steel alloy wire of silico-manganese steels stood at $1,253 per ton in 2022, standing approx. at the previous year. Overall, the import price showed a notable expansion. The pace of growth was the most pronounced in 2016 an increase of 354%. As a result, import price reached the peak level of $5,095 per ton. From 2017 to 2022, the average import prices remained 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 Italy ($3,017 per ton), while the price for China ($1,124 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Ethiopia
In 2022, purchases abroad of steel alloy wire of silico-manganese steels decreased by 0% to 39 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 839% against the previous year. As a result, imports reached the peak of 77 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of steel alloy wire of silico-manganese steels amounted to $48K in 2022. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 772%. As a result, imports attained the peak of $97K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.2 | 64.1 | N/A | 38.3 | 83.5% |
| Germany | 1.4 | 8.4 | N/A | 4.5 | 47.6% |
| Turkey | 0.5 | 0.4 | N/A | 2.7 | 75.4% |
| Italy | 1.5 | 7.0 | N/A | 2.7 | 21.6% |
| United Arab Emirates | N/A | 16.5 | N/A | N/A | 0% |
| Others | 1.5 | 0.3 | N/A | 0.1 | -59.5% |
| Total | 11.1 | 96.7 | N/A | 48.3 | 63.3% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Ethiopia in 2022:
- China (34.1 tons)
- Germany (1.9 tons)
- Turkey (1.6 tons)
- Italy (0.9 tons)
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