Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ethiopia - 2022
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ethiopia (CIF) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ethiopia
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ethiopia (CIF) - 2022
The average import price for iron or steel; non-threaded cotters and cotter-pinses stood at $1,397 per ton in 2022, dropping by -47% against the previous year. Overall, the import price recorded a abrupt descent. The pace of growth appeared the most rapid in 2015 when the average import price increased by 146% against the previous year. Over the period under review, average import prices hit record highs at $8,295 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($15,014 per ton), while the price for China ($719 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+11.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ethiopia
Imports of iron or steel; non-threaded cotters and cotter-pinses into Ethiopia skyrocketed to 79 tons in 2022, increasing by 178% on 2021 figures. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 378% against the previous year. As a result, imports reached the peak of 107 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses surged to $110K in 2022. In general, imports posted a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by 131%. As a result, imports reached the peak of $204K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.0 | 86.1 | 17.3 | 51.0 | 50.4% |
| India | 1.8 | 2.3 | 6.0 | 20.7 | 125.7% |
| Others | 71.5 | 115 | 51.7 | 38.8 | -18.4% |
| Total | 88.4 | 204 | 75.1 | 110 | 7.6% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Ethiopia in 2022:
- China (70.9 tons)
- India (4.8 tons)
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