Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Algeria - 2022
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Algeria (CIF) - 2022
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Algeria
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Algeria (CIF) - 2022
The average import price for stainless steel bars and rods, angles, shapes and sectionses stood at $5,247 per ton in 2022, growing by 17% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% 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 stainless steel bars and rods, angles, shapes and sectionses increased by +60.4% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 44%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
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 the United Arab Emirates ($11,898 per ton), while the price for China ($3,442 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Algeria
In 2022, overseas purchases of stainless steel bars and rods, angles, shapes and sectionses decreased by -61.3% to 268 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports faced a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 34% against the previous year. As a result, imports reached the peak of 692 tons, and then contracted notably in the following year.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses declined dramatically to $1.4M in 2022. In general, imports continue to indicate a slight reduction. The pace of growth was the most pronounced in 2021 with an increase of 79% against the previous year. As a result, imports reached the peak of $3.1M, and then declined dramatically in the following year.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 342 | 447 | 686 | 350 | 0.8% |
| China | 189 | 204 | 353 | 314 | 18.4% |
| Spain | 518 | 686 | 1,510 | 188 | -28.7% |
| France | 125 | 19.1 | 103 | 160 | 8.6% |
| United Arab Emirates | 5.6 | 23.7 | 24.0 | 85.5 | 148.1% |
| Czech Republic | 92.7 | 140 | 98.4 | 54.1 | -16.4% |
| Turkey | 63.9 | 26.8 | 69.1 | 49.2 | -8.3% |
| Others | 149 | 180 | 252 | 205 | 11.2% |
| Total | 1,486 | 1,727 | 3,095 | 1,406 | -1.8% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Algeria in 2022:
- China (91.2 tons)
- Italy (79.5 tons)
- Spain (35.1 tons)
- France (14.5 tons)
- Turkey (9.9 tons)
- United Arab Emirates (7.2 tons)
- Czech Republic (6.5 tons)
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