Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Morocco - 2023
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Morocco (CIF) - 2023
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Morocco (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Morocco
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Morocco
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Morocco (CIF) - 2023
In June 2023, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $1,013 per ton, declining by -3.4% against the previous month. Over the period under review, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in November 2022 an increase of 1.4% m-o-m. Over the period under review, average import prices hit record highs at $1,477 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the countries with the highest prices were Portugal ($1,085 per ton) and Turkey ($1,080 per ton), while the price for China ($955 per ton) and Thailand ($973 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (-2.3%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Morocco (FOB) - 2022
The average export price for iron or non-alloy steel wire, not plated or coateds stood at $1,112 per ton in 2022, rising by 9.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2018 an increase of 33%. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mali ($2,716 per ton), while the average price for exports to France ($1,060 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 Poland (+113.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Morocco
In 2022, approx. 39K tons of iron or non-alloy steel wire, not plated or coateds were imported into Morocco; rising by 18% against 2021. In general, imports, however, showed a relatively flat trend pattern.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds surged to $53M in 2022. Overall, imports saw prominent growth. The growth pace was the most rapid in 2021 with an increase of 54% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 14.6 | 10.4 | 15.1 | 17.4 | 6.0% |
| China | 2.6 | 1.7 | 3.0 | 9.6 | 54.6% |
| Tunisia | 8.7 | 6.1 | 6.4 | 8.9 | 0.8% |
| Portugal | 3.4 | 3.5 | 6.4 | 6.2 | 22.2% |
| Turkey | 2.7 | 1.4 | 4.0 | 5.3 | 25.2% |
| Thailand | 0.5 | 0.9 | 2.0 | 3.6 | 93.1% |
| Others | 0.7 | 1.4 | 2.1 | 2.1 | 44.2% |
| Total | 33.2 | 25.3 | 39.0 | 53.2 | 17.0% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Morocco in 2022:
- Spain (12.1K tons)
- China (7.5K tons)
- Tunisia (6.8K tons)
- Turkey (4.2K tons)
- Portugal (4.2K tons)
- Thailand (2.6K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Morocco
For the fourth consecutive year, Morocco recorded growth in overseas shipments of iron or non-alloy steel wire, not plated or coateds, which increased by 47% to 1.3K tons in 2022. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 5,042% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds soared to $1.4M in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 5,645% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | 415 | 1,195 | 188.0% |
| Mauritania | N/A | 4.3 | 368 | 64.7 | 287.9% |
| Poland | N/A | N/A | 19.5 | 61.1 | 213.3% |
| Benin | N/A | N/A | N/A | 47.0 | 0% |
| Kenya | N/A | N/A | 61.6 | N/A | 0% |
| Others | 14.2 | 11.0 | 13.8 | 38.0 | 38.8% |
| Total | 14.2 | 15.3 | 879 | 1,406 | 362.6% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Morocco in 2022:
- France (1128.1 tons)
- Mauritania (51.1 tons)
- Benin (28.6 tons)
- Poland (27.7 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Morocco.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in Morocco.
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This report provides an in-depth analysis of the market for iron and steel wire in Morocco.
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