Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Iraq - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Iraq (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Iraq (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Iraq
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Iraq
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Iraq (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $1,594 per ton, reducing by -30.6% against the previous year. Over the period under review, the import price, however, showed temperate growth. The pace of growth was the most pronounced in 2019 when the average import price increased by 127%. The import price peaked at $2,298 per ton in 2021, and then reduced sharply in the following year.
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 the United Arab Emirates ($7,329 per ton), while the price for Iran totaled $1,308 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Iraq (FOB) - 2022
In 2020, the average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $361 per ton, approximately mirroring the previous year. In general, the export price saw a deep setback. The export price peaked at $535 per ton in 2014; however, from 2015 to 2020, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Qatar.
From 2014 to 2020, the rate of growth in terms of prices for Qatar amounted to -0.3% per year.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Iraq
Imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s into Iraq soared to 88 tons in 2022, with an increase of 66% on 2021. Overall, imports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 91%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s soared to $141K in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +26.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +101.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 48%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 20.7 | 81.9 | 55.2 | 110 | 74.5% |
| United Arab Emirates | 41.9 | 21.1 | 66.7 | 30.3 | -10.2% |
| Jordan | 7.2 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.6 | 0.3 | 0.5 | 35.7% |
| Total | 70.0 | 104 | 122 | 141 | 26.3% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Iraq in 2022:
- Iran (84.1 tons)
- United Arab Emirates (4.1 tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Iraq
Exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s from Iraq soared to 38K tons in 2020, growing by 623% on 2019. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s soared to $14M in 2020. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Iraq (Million USD) | |||
|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 |
| Qatar | 1.9 | 13.8 | 626.3% |
| Others | N/A | N/A | 0% |
| Total | 1.9 | 13.8 | 626.3% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Iraq in 2022:
- Qatar (38.1K tons)
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