Price for Chain and Parts Thereof, of Iron or Steel in Sudan - 2022

Price for Chain and Parts Thereof, of Iron or Steel in Sudan (CIF) - 2022

The average import price for chain and parts thereof, of iron or steel stood at $4,777 per ton in 2022, increasing by 30% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +8.5% 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 chain and parts thereof, of iron or steel increased by +44.7% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 70% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($11,007 per ton), while the price for Portugal ($2,997 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain and Parts Thereof, of Iron or Steel in Sudan (FOB) - 2022

In 2022, the average export price for chain and parts thereof, of iron or steel amounted to $10,699 per ton, stabilizing at the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 92% against the previous year. As a result, the export price reached the peak level of $21,103 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Ukraine.

From 2019 to 2022, the rate of growth in terms of prices for Ukraine amounted to -0.9% per year.

Imports of Chain and Parts Thereof, of Iron or Steel in Sudan

In 2022, supplies from abroad of chain and parts thereof, of iron or steel was finally on the rise to reach 542 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt descent.

In value terms, imports of chain and parts thereof, of iron or steel surged to $2.6M in 2022. Overall, imports, however, showed a slight contraction.

Import of Chain and Parts Thereof, of Iron or Steel in Sudan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,687	1,669	835	1,662	-0.5%
United Arab Emirates	250	316	140	163	-13.3%
India	124	199	37.2	155	7.7%
Germany	131	145	80.1	88.1	-12.4%
Portugal	63.8	36.2	2.9	87.9	11.3%
Turkey	118	88.8	79.3	82.2	-11.4%
Egypt	46.4	35.3	23.9	55.9	6.4%
Others	258	275	247	293	4.3%
Total	2,678	2,764	1,446	2,587	-1.1%

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Sudan in 2022:

China (410.3 tons)
India (32.1 tons)
Portugal (29.3 tons)
United Arab Emirates (17.6 tons)
Turkey (16.0 tons)
Germany (8.0 tons)
Egypt (5.2 tons)

Exports of Chain and Parts Thereof, of Iron or Steel in Sudan

In 2022, after three years of growth, there was decline in overseas shipments of chain and parts thereof, of iron or steel, when their volume decreased by -4.4% to 1.3 tons. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 4,710%. As a result, the exports attained the peak of 1.4 tons, and then reduced in the following year.

In value terms, exports of chain and parts thereof, of iron or steel totaled $14K in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 2,220% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.