Price for Safety Pins and Other Pins; of Iron or Steel in Algeria - 2022

Price for Safety Pins and Other Pins; of Iron or Steel in Algeria (CIF) - 2022

The average import price for safety pins and other pins; of iron or steels stood at $5,413 per ton in 2022, growing by 4.6% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for safety pins and other pins; of iron or steels increased by +85.5% against 2016 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 43% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +10.1% per year.

Imports of Safety Pins and Other Pins; of Iron or Steel in Algeria

In 2022, overseas purchases of safety pins and other pins; of iron or steels increased by 111% to 168 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a pronounced reduction.

In value terms, imports of safety pins and other pins; of iron or steels skyrocketed to $909K in 2022. Overall, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.