Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka (CIF) - 2022
The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $805 per ton in 2022, with an increase of 4.6% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses increased by +37.8% against 2018 indices. The growth pace was the most rapid in 2021 when the average import price increased by 37% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($912 per ton), while the price for Ukraine ($410 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka (FOB) - 2022
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $816 per ton in 2022, picking up by 35% against the previous year. Overall, the export price, however, recorded a mild curtailment. The growth pace was the most rapid in 2016 when the average export price increased by 77% against the previous year. Over the period under review, the average export prices hit record highs at $998 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($1,058 per ton), while the average price for exports to Maldives ($646 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (+17.4%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka
In 2022, overseas purchases of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses were finally on the rise to reach 39K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a slight slump.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $32M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 6.1 | 6.2 | 1.5 | 15.0 | 35.0% |
| India | 5.8 | 6.1 | 12.1 | 10.7 | 22.6% |
| Malaysia | 3.1 | 3.7 | 3.3 | 3.5 | 4.1% |
| China | 2.8 | 3.1 | 3.0 | 1.5 | -18.8% |
| Ukraine | 0.6 | 0.5 | 0.4 | 0.4 | -12.6% |
| Singapore | 0.8 | 1.7 | N/A | 0.1 | -50.0% |
| Russia | 2.9 | N/A | N/A | N/A | 0% |
| Others | 0.7 | 0.6 | 0.8 | 0.5 | -10.6% |
| Total | 22.8 | 21.8 | 21.2 | 31.7 | 11.6% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Sri Lanka in 2022:
- United Arab Emirates (17.3K tons)
- India (12.5K tons)
- Malaysia (5.9K tons)
- China (1.6K tons)
- Ukraine (1.0K tons)
- Singapore (0.1K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka
Exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses from Sri Lanka declined notably to 57 tons in 2022, which is down by -83.9% against 2021. Over the period under review, exports recorded a precipitous descent. The pace of growth was the most pronounced in 2021 when exports increased by 203%. As a result, the exports reached the peak of 353 tons, and then fell sharply in the following year.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses reduced notably to $46K in 2022. In general, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 262%. As a result, the exports attained the peak of $214K, and then dropped remarkably in the following year.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritius | N/A | N/A | 160 | 31.7 | -80.2% |
| Maldives | 117 | 35.4 | 52.4 | 4.3 | -66.8% |
| Kenya | 0.2 | 0.3 | 0.6 | 2.6 | 135.1% |
| Pakistan | N/A | 21.9 | N/A | N/A | 0% |
| Others | 2.2 | 1.5 | 1.2 | 7.9 | 53.1% |
| Total | 120 | 59.1 | 214 | 46.4 | -27.1% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Sri Lanka in 2022:
- Mauritius (46.9 tons)
- Maldives (6.6 tons)
- Kenya (2.4 tons)
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