Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Iraq - 2022

Contents:

  1. Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Iraq (CIF) - 2022
  2. Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Iraq

Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Iraq (CIF) - 2022

The average import price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia stood at $6,583 per ton in 2022, increasing by 56% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.4% 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, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia increased by +91.9% against 2019 indices. The import price peaked at $7,865 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Jordan ($12,722 per ton), while the price for Kuwait ($1,381 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Iraq

After two years of decline, overseas purchases of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia increased by 94% to 547 tons in 2022. In general, imports, however, recorded a dramatic slump.

In value terms, imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia surged to $3.6M in 2022. Overall, imports, however, faced a sharp slump.

Import of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France1,8827094081,547-6.3%
United Arab Emirates1,922729273672-29.6%
China1,570654218422-35.5%
Italy87615.37.2229-36.1%
Jordan44712452.4146-31.1%
Turkey10.229.239.0139138.9%
Greece73.535.322.972.5-0.5%
South Korea88.576.526.752.8-15.8%
Iran15226.52.640.2-35.8%
Kuwait24.14.70.927.84.9%
Others635308140254-26.3%
Total7,6782,7111,1913,602-22.3%

Top Suppliers of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section to Iraq in 2022:

  1. United Arab Emirates (157.2 tons)
  2. France (122.7 tons)
  3. China (119.6 tons)
  4. Turkey (29.2 tons)
  5. Iran (23.2 tons)
  6. Kuwait (20.1 tons)
  7. South Korea (19.0 tons)
  8. Italy (18.4 tons)
  9. Greece (17.9 tons)
  10. Jordan (11.5 tons)

Source: IndexBox Market Intelligence Platform

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