Price for Wire of Other Alloy Steel in Egypt - 2023
Contents:
- Price for Wire of Other Alloy Steel in Egypt (CIF) - 2022
- Price for Wire of Other Alloy Steel in Egypt (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Egypt
- Exports of Wire of Other Alloy Steel in Egypt
Price for Wire of Other Alloy Steel in Egypt (CIF) - 2022
The average import price for wire of other alloy steels stood at $1,958 per ton in 2022, with an increase of 24% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 42% against the previous year. As a result, import price attained the peak level of $2,686 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($2,098 per ton) and Turkey ($1,994 per ton), while the price for the Czech Republic ($1,815 per ton) and Italy ($1,842 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Egypt (FOB) - 2022
In 2022, the average export price for wire of other alloy steels amounted to $2,214 per ton, surging by 9.5% against the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wire of other alloy steel export price increased by +143.5% against 2019 indices. The growth pace was the most rapid in 2020 when the average export price increased by 114% against the previous year. Over the period under review, the average export prices hit record highs at $2,270 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($2,214 per ton), while the average price for exports to Kenya amounted to $2,214 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wire of Other Alloy Steel in Egypt
Wire of other alloy steel imports into Egypt contracted to 4.8K tons in 2022, shrinking by -12.2% against the year before. In general, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 173%. As a result, imports reached the peak of 5.5K tons, and then dropped in the following year.
In value terms, wire of other alloy steel imports expanded rapidly to $9.4M in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 241%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Wire of Other Alloy Steel in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.9 | 1.6 | 4.5 | 4.9 | 19.1% |
| Turkey | 0.8 | 0.6 | 2.0 | 3.3 | 60.4% |
| Italy | 0.2 | N/A | 0.5 | 0.6 | 44.2% |
| Czech Republic | N/A | N/A | 0.2 | 0.3 | 50.0% |
| India | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Others | 0.2 | 0.2 | 1.2 | 0.1 | -20.6% |
| Total | 4.1 | 2.5 | 8.6 | 9.4 | 31.9% |
Top Suppliers of Wire of Other Alloy Steel to Egypt in 2022:
- China (2515.2 tons)
- Turkey (1641.1 tons)
- Italy (342.6 tons)
- Czech Republic (152.6 tons)
- India (71.9 tons)
Exports of Wire of Other Alloy Steel in Egypt
Wire of other alloy steel exports from Egypt rose markedly to 85 tons in 2022, increasing by 5.1% on 2021 figures. Overall, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 300% against the previous year.
In value terms, wire of other alloy steel exports soared to $189K in 2022. In general, exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 316% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Wire of Other Alloy Steel in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | N/A | N/A | N/A | 114 | 0% |
| Saudi Arabia | N/A | N/A | 63.5 | 75.3 | 18.6% |
| Jordan | 1.4 | N/A | 98.4 | N/A | 738.4% |
| Ethiopia | 135 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | 39.5 | N/A | N/A | 0% |
| Others | N/A | N/A | 2.4 | N/A | 0% |
| Total | 137 | 39.5 | 164 | 189 | 11.3% |
Top Export Markets for Wire of Other Alloy Steel from Egypt in 2022:
- Kenya (51.4 tons)
- Saudi Arabia (34.0 tons)
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