Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Sudan - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Sudan (CIF) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Sudan
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Sudan (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $1,443 per ton, with an increase of 28% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 63%. The import price peaked at $1,722 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($4,839 per ton), while the price for India totaled $1,019 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Sudan
For the third consecutive year, Sudan recorded decline in supplies from abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s, which decreased by -13.8% to 3.9K tons in 2022. Over the period under review, imports recorded a drastic downturn. The smallest decline of -13.8% was in 2020.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s reached $5.6M in 2022. The total import value increased at an average annual rate of +13.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 21%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Sudan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | 2.6 | N/A | 3.5 | 16.0% |
| United Arab Emirates | N/A | 1.6 | N/A | 2.1 | 14.6% |
| Jordan | N/A | N/A | 5.1 | N/A | 0% |
| Iran | 3.8 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.8 | 4.2 | 5.1 | 5.6 | 13.8% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Sudan in 2022:
- India (3.4K tons)
- United Arab Emirates (0.4K tons)
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