Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Angola - 2022

Contents:

1. Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Angola (CIF) - 2022
2. Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Angola (FOB) - 2022
3. Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Angola
4. Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Angola

Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Angola (CIF) - 2022

In 2022, the average import price for stainless steel bars and rods, angles, shapes and sectionses amounted to $2,290 per ton, rising by 26% against the previous year. Over the period under review, the import price, however, saw a perceptible slump. The growth pace was the most rapid in 2017 an increase of 72% against the previous year. Over the period under review, average import prices attained the maximum at $4,577 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Belgium ($15,750 per ton), while the price for Turkey ($439 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Angola (FOB) - 2022

The average export price for stainless steel bars and rods, angles, shapes and sectionses stood at $1,111 per ton in 2022, declining by -5.4% against the previous year. Overall, the export price, however, saw a slight expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 154% against the previous year. Over the period under review, the average export prices attained the peak figure at $8,500 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($1,103 per ton), while the average price for exports to Mauritania stood at $791 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+4.7%).

Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Angola

For the fourth year in a row, Angola recorded growth in supplies from abroad of stainless steel bars and rods, angles, shapes and sectionses, which increased by 112% to 487 tons in 2022. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses surged to $1.1M in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Angola in 2022:

1. China (327.2 tons)
2. Portugal (65.2 tons)
3. United Kingdom (18.7 tons)
4. Singapore (15.6 tons)
5. France (13.5 tons)
6. Brazil (11.7 tons)
7. Turkey (11.3 tons)
8. United Arab Emirates (0.4 tons)

Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Angola

For the fourth consecutive year, Angola recorded growth in shipments abroad of stainless steel bars and rods, angles, shapes and sectionses, which increased by 621% to 195 tons in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,771%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses skyrocketed to $217K in 2022. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 741% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Angola in 2022:

1. Democratic Republic of the Congo (185.7 tons)
2. Mauritania (8.1 tons)

Source: IndexBox Market Intelligence Platform