Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Ethiopia - 2022
Contents:
- Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Ethiopia (CIF) - 2022
- Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Ethiopia
Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Ethiopia (CIF) - 2022
The average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $1,861 per ton in 2022, falling by -37.4% against the previous year. Over the period under review, the import price recorded a noticeable contraction. The pace of growth appeared the most rapid in 2013 an increase of 46%. The import price peaked at $4,767 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($7,078 per ton), while the price for India ($613 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Ethiopia
In 2022, the amount of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s imported into Ethiopia surged to 135 tons, jumping by 128% on 2021 figures. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 183% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s skyrocketed to $251K in 2022. In general, imports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 120% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.6 | 30.0 | 102 | 178 | 164.7% |
| Italy | 15.1 | 28.8 | 38.0 | 34.8 | 32.1% |
| Turkey | 0.1 | 0.6 | 3.8 | 16.8 | 451.8% |
| India | 10.9 | 17.8 | 20.1 | 15.1 | 11.5% |
| United Arab Emirates | 0.7 | 2.6 | 4.0 | 4.2 | 81.7% |
| Others | 0.7 | 2.0 | 7.2 | 2.6 | 54.9% |
| Total | 37.0 | 81.7 | 176 | 251 | 89.3% |
Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to Ethiopia in 2022:
- China (100.2 tons)
- India (24.6 tons)
- Italy (5.3 tons)
- Turkey (2.4 tons)
- United Arab Emirates (2.0 tons)
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