Price for Iron or Steel; Cast Articles in Ethiopia - 2022

Contents:

1. Price for Iron or Steel; Cast Articles in Ethiopia (CIF) - 2022
2. Price for Iron or Steel; Cast Articles in Ethiopia (FOB) - 2022
3. Imports of Iron or Steel; Cast Articles in Ethiopia
4. Exports of Iron or Steel; Cast Articles in Ethiopia

Price for Iron or Steel; Cast Articles in Ethiopia (CIF) - 2022

The average import price for iron or steel; cast articleses stood at $1,817 per ton in 2022, with a decrease of -2.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 26% against the previous year. Over the period under review, average import prices attained the peak figure at $2,146 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Thailand ($9,435 per ton), while the price for Germany ($1,036 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel; Cast Articles in Ethiopia (FOB) - 2022

The average export price for iron or steel; cast articleses stood at $1,391 per ton in 2022, which is down by -46.8% against the previous year. Over the period under review, the export price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2016 an increase of 196%. Over the period under review, the average export prices reached the peak figure at $3,585 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($4,417 per ton), while the average price for exports to Angola ($176 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 Turkey (+447.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel; Cast Articles in Ethiopia

In 2022, the amount of iron or steel; cast articleses imported into Ethiopia skyrocketed to 1.6K tons, rising by 110% compared with 2021. In general, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel; cast articles imports surged to $2.9M in 2022. Overall, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Iron or Steel; Cast Articles to Ethiopia in 2022:

1. China (663.1 tons)
2. Germany (323.4 tons)
3. Indonesia (216.2 tons)
4. India (100.4 tons)
5. Australia (97.0 tons)
6. Belgium (82.7 tons)
7. Poland (23.1 tons)

Exports of Iron or Steel; Cast Articles in Ethiopia

In 2022, the amount of iron or steel; cast articleses exported from Ethiopia shrank dramatically to 46 kg, falling by -38.7% against the year before. Overall, exports faced a sharp downturn. The smallest decline of -35.2% was in 2020.

In value terms, iron or steel; cast articles exports shrank remarkably to $64 in 2022. Over the period under review, exports recorded a sharp setback. The smallest decline of -43.7% was in 2021.

Top Export Markets for Iron or Steel; Cast Articles from Ethiopia in 2022:

1. Angola (17.0 kg)
2. Nigeria (15.0 kg)
3. United States (12.0 kg)
4. Switzerland (1.0 kg)
5. Djibouti (1.0 kg)

Source: IndexBox Market Intelligence Platform