Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Morocco - 2023
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Morocco (CIF) - 2023
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Morocco
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Morocco (CIF) - 2023
The average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $1,435 per ton in June 2023, picking up by 2.2% against the previous month. In general, the import price, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 30% m-o-m. The import price peaked at $2,101 per ton in August 2022; however, from September 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($1,920 per ton), while the price for Turkey ($1,217 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belarus (+0.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Morocco
For the fourth consecutive year, Morocco recorded growth in purchases abroad of iron or non-alloy steel wire, plated or coated with non-zinc base metalses, which increased by 102% to 1.6K tons in 2022. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 120% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses soared to $3M in 2022. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 135% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | N/A | N/A | 805 | 0% |
| Germany | 77.3 | 196 | 236 | 530 | 90.0% |
| China | 1.9 | 2.2 | 69.8 | 454 | 520.5% |
| Belarus | N/A | N/A | 95.2 | 407 | 327.5% |
| Taiwan (Chinese) | 83.4 | 121 | 144 | 195 | 32.7% |
| Turkey | 12.8 | 19.4 | 187 | 161 | 132.6% |
| Italy | 49.8 | 52.2 | 440 | 151 | 44.7% |
| Others | 230 | 189 | 188 | 298 | 9.0% |
| Total | 455 | 580 | 1,362 | 3,000 | 87.5% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Morocco in 2022:
- Hong Kong SAR (427.8 tons)
- Belarus (256.7 tons)
- Germany (256.4 tons)
- China (232.5 tons)
- Turkey (112.1 tons)
- Taiwan (Chinese) (111.5 tons)
- Italy (84.0 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 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 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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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 global market for iron and steel wire.
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