Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Algeria - 2022

Contents:

  1. Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Algeria (FOB) - 2022
  2. Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Algeria

Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Algeria (FOB) - 2022

In 2022, the average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $594 per ton, reducing by -2.8% against the previous year. Over the period under review, the export price, however, saw a notable increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 9.8% against the previous year. Over the period under review, the average export prices hit record highs at $611 per ton in 2021, and then contracted in the following year.

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

From 2014 to 2022, the rate of growth in terms of prices for Niger amounted to +5.2% per year.

Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Algeria

In 2022, approx. 41 tons of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s were exported from Algeria; with an increase of 15% compared with the year before. Over the period under review, exports, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by 27%. As a result, the exports attained the peak of 101 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s rose sharply to $25K in 2022. Overall, exports, however, showed a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by 40%. As a result, the exports attained the peak of $57K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Algeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Niger40.556.622.024.6-15.3%
OthersN/AN/AN/AN/A0%
Total40.556.622.024.6-15.3%

Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Algeria in 2022:

  1. Niger (41.4 tons)

Source: IndexBox Market Intelligence Platform

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