Price for Iron and Non-Alloy Steel in Ingot in Libya - 2022
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Libya (CIF) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Libya
Price for Iron and Non-Alloy Steel in Ingot in Libya (CIF) - 2022
The average import price for iron and non-alloy steel in ingots stood at $1,885 per ton in 2022, rising by 11% against the previous year. In general, the import price saw a notable increase. The growth pace was the most rapid in 2015 an increase of 115% against the previous year. Over the period under review, average import prices attained the peak figure at $3,755 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($18,750 per ton), while the price for Turkey ($1,927 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+475.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Iron and Non-Alloy Steel in Ingot in Libya
Imports of iron and non-alloy steel in ingots into Libya declined sharply to 16 tons in 2022, falling by -42.2% against the year before. Over the period under review, imports recorded a deep setback. The growth pace was the most rapid in 2021 when imports increased by 544%.
In value terms, imports of iron and non-alloy steel in ingots contracted dramatically to $30K in 2022. In general, imports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 259%.
| Import of Iron and Non-Alloy Steel in Ingot in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malta | 6.4 | 4.4 | 23.6 | 3.0 | -22.3% |
| United Kingdom | 5.2 | 2.3 | 14.8 | 2.2 | -24.9% |
| India | N/A | N/A | N/A | 1.8 | 0% |
| Turkey | 6.3 | 1.9 | 8.3 | 0.9 | -47.7% |
| Egypt | 46.2 | N/A | N/A | N/A | 0% |
| Others | N/A | 4.4 | N/A | 22.0 | 123.6% |
| Total | 64.1 | 13.0 | 46.8 | 29.9 | -22.4% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Libya in 2022:
- Turkey (0.5 tons)
- Malta (0.5 tons)
- United Kingdom (0.2 tons)
- India (0.1 tons)
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