Price for Steel Alloy Wire of Silico-Manganese Steel in Morocco - 2023
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Morocco (CIF) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Morocco
Price for Steel Alloy Wire of Silico-Manganese Steel in Morocco (CIF) - 2022
The average import price for steel alloy wire of silico-manganese steels stood at $1,785 per ton in 2022, rising by 11% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 wire of silico-manganese steels increased by +57.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 42%. The import price peaked in 2022 and is likely to continue growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Czech Republic ($2,182 per ton) and Vietnam ($1,958 per ton), while the price for China ($1,587 per ton) and Turkey ($1,642 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Morocco
In 2022, purchases abroad of steel alloy wire of silico-manganese steels was finally on the rise to reach 2.3K tons after two years of decline. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel alloy wire of silico-manganese steels surged to $4.1M in 2022. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 875 | 405 | 498 | 1,228 | 12.0% |
| Turkey | 488 | 517 | 498 | 1,103 | 31.2% |
| China | 123 | 373 | 247 | 871 | 92.0% |
| Czech Republic | 0.3 | 38.5 | 190 | 516 | 1098.1% |
| Vietnam | 110 | 108 | 150 | 372 | 50.1% |
| Others | 38.3 | 0.1 | 0.9 | 5.3 | -48.3% |
| Total | 1,635 | 1,442 | 1,583 | 4,094 | 35.8% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Morocco in 2022:
- Turkey (671.7 tons)
- Italy (645.0 tons)
- China (548.7 tons)
- Czech Republic (236.3 tons)
- Vietnam (190.1 tons)
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