Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Ethiopia - 2022
Contents:
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Ethiopia (CIF) - 2022
- Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Ethiopia
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Ethiopia (CIF) - 2022
The average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $405 per ton in 2022, with a decrease of -9.3% against the previous year. Over the period under review, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 a decrease of -6.4% against the previous year. Over the period under review, average import prices attained the maximum at $1,158 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($498 per ton), while the price for China stood at $405 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.2%).
Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Ethiopia
In 2022, approx. 667 tons of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses were imported into Ethiopia; growing by 14% against the previous year. The total import volume increased at an average annual rate of +13.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 14%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses rose to $270K in 2022. The total import value increased at an average annual rate of +3.3% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 244 | 253 | 261 | 270 | 3.4% |
| Others | 1.1 | 0.7 | 0.5 | 0.3 | -35.2% |
| Total | 245 | 253 | 261 | 270 | 3.3% |
Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to Ethiopia in 2022:
- China (666.0 tons)
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