Price for Iron and Non-Alloy Steel in Ingot in Israel - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Israel (CIF) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Israel
Price for Iron and Non-Alloy Steel in Ingot in Israel (CIF) - 2022
In 2022, the average import price for iron and non-alloy steel in ingots amounted to $2,874 per ton, growing by 12% against the previous year. Overall, the import price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2021 an increase of 137% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,058 per ton), while the price for India ($1,217 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Iron and Non-Alloy Steel in Ingot in Israel
In 2022, purchases abroad of iron and non-alloy steel in ingots decreased by -18% to 32 tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a significant decline. The pace of growth appeared the most rapid in 2020 when imports increased by 104% against the previous year. As a result, imports attained the peak of 131 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of iron and non-alloy steel in ingots contracted to $92K in 2022. In general, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2020 with an increase of 99% against the previous year. As a result, imports reached the peak of $141K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Iron and Non-Alloy Steel in Ingot in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.0 | 1.0 | 22.0 | 75.0 | 321.7% |
| United States | 70.0 | 25.0 | 53.0 | 11.0 | -46.0% |
| India | N/A | N/A | N/A | 2.0 | 0% |
| Italy | N/A | N/A | 24.0 | 1.0 | -95.8% |
| Latvia | N/A | 97.0 | N/A | N/A | 0% |
| Turkey | N/A | 18.0 | N/A | N/A | 0% |
| Others | N/A | N/A | 1.0 | 3.0 | 200.0% |
| Total | 71.0 | 141 | 100 | 92.0 | 9.0% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Israel in 2022:
- China (36.4 tons)
- United States (5.6 tons)
- India (1.6 tons)
- Italy (0.8 tons)
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