Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Egypt - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Egypt (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Egypt (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Egypt
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Egypt
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Egypt (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $1,184 per ton, with an increase of 193% against the previous year. Overall, the import price recorded strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2014 to 2022, the rate of growth in terms of prices for Iran amounted to +17.6% per year.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Egypt (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $1,059 per ton, leveling off at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 78%. As a result, the export price reached the peak level of $1,489 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,701 per ton), while the average price for exports to Belgium stood at $705 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-3.1%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Egypt
Imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s into Egypt fell rapidly to 584 tons in 2022, dropping by -89.3% compared with the year before. Overall, imports saw a dramatic curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 4,929%.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s reduced sharply to $691K in 2022. In general, imports recorded a significant curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 4,802% against the previous year.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 0.7 | 0% |
| Tunisia | 2.4 | N/A | 2.2 | N/A | -4.3% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 2.6 | N/A | 2.2 | 0.7 | -35.4% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Egypt in 2022:
- India (583.8 tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Egypt
In 2022, the amount of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s exported from Egypt was estimated at 19 tons, flattening at the previous year. Overall, exports saw a precipitous decrease. The smallest decline of 99.9% was in 2021.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s totaled $20K in 2022. In general, exports recorded a significant decrease. The smallest decline of 99.9% was in 2021.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United Arab Emirates | N/A | N/A | 11.1 | 0% | |
| Belgium | 18.5 | N/A | 8.6 | -31.8% | |
| United States | 21.1 | N/A | N/A | 0% | |
| Others | 0.1 | N/A | 0.1 | 0.0% | |
| Total | 39.7 | N/A | 19.8 | -29.4% | |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Egypt in 2022:
- Belgium (12.2 tons)
- United Arab Emirates (6.5 tons)
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