Price for Iron or Steel; Cast Articles in Iraq - 2022
Contents:
- Price for Iron or Steel; Cast Articles in Iraq (CIF) - 2022
- Price for Iron or Steel; Cast Articles in Iraq (FOB) - 2022
- Imports of Iron or Steel; Cast Articles in Iraq
- Exports of Iron or Steel; Cast Articles in Iraq
Price for Iron or Steel; Cast Articles in Iraq (CIF) - 2022
The average import price for iron or steel; cast articleses stood at $2,208 per ton in 2022, rising by 43% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Jordan ($5,057 per ton), while the price for Thailand ($1,637 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Cast Articles in Iraq (FOB) - 2022
The average export price for iron or steel; cast articleses stood at $5,424 per ton in 2022, dropping by -17.7% against the previous year. Over the period under review, the export price, however, posted a buoyant increase. The growth pace was the most rapid in 2014 when the average export price increased by 159% against the previous year. Over the period under review, the average export prices attained the maximum at $6,589 per ton in 2021, and then dropped significantly in the following year.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +14.0% per year.
Imports of Iron or Steel; Cast Articles in Iraq
In 2022, approx. 5K tons of iron or steel; cast articleses were imported into Iraq; waning by -25.6% against 2021. Over the period under review, imports saw a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 5.5%.
In value terms, iron or steel; cast articles imports expanded notably to $11M in 2022. Overall, imports showed a deep downturn.
| Import of Iron or Steel; Cast Articles in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 8.2 | 4.5 | 4.8 | 3.8 | -22.6% |
| China | 2.1 | 2.4 | 1.2 | 2.7 | 8.7% |
| Turkey | 5.3 | 2.3 | 2.5 | 2.4 | -23.2% |
| Thailand | 0.6 | 0.4 | 0.5 | 0.6 | 0.0% |
| United Arab Emirates | N/A | 0.3 | 0.5 | 0.5 | 29.1% |
| India | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Others | 1.2 | 0.6 | 0.7 | 0.6 | -20.6% |
| Total | 17.4 | 10.6 | 10.4 | 11.1 | -13.9% |
Top Suppliers of Iron or Steel; Cast Articles to Iraq in 2022:
- Iran (2250.8 tons)
- Turkey (1108.7 tons)
- China (804.0 tons)
- Thailand (373.0 tons)
- India (194.6 tons)
- United Arab Emirates (167.9 tons)
Exports of Iron or Steel; Cast Articles in Iraq
In 2022, exports of iron or steel; cast articleses from Iraq surged to 797 kg, with an increase of 82% compared with the year before. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, iron or steel; cast articles exports soared to $4.3K in 2022. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron or Steel; Cast Articles in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1.5 | 0.3 | 0.1 | 4.3 | 42.1% |
| Italy | N/A | N/A | 2.2 | N/A | 0% |
| United Arab Emirates | N/A | N/A | 0.6 | N/A | 0% |
| Iran | N/A | 1.6 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.5 | 1.9 | 2.9 | 4.3 | 42.1% |
Top Export Markets for Iron or Steel; Cast Articles from Iraq in 2022:
- Turkey (797.0 kg)
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