Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ethiopia - 2022
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ethiopia (CIF) - 2022
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ethiopia (FOB) - 2022
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ethiopia
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ethiopia
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ethiopia (CIF) - 2022
The average import price for stainless steel bars and rods, angles, shapes and sectionses stood at $4,658 per ton in 2022, increasing by 118% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($11,187 per ton), while the price for Turkey ($1,854 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ethiopia (FOB) - 2022
The average export price for stainless steel bars and rods, angles, shapes and sectionses stood at $3,068 per ton in 2022, falling by -79.2% against the previous year. Overall, the export price showed a deep contraction. The pace of growth was the most pronounced in 2020 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices reached the peak figure at $14,773 per ton in 2021, and then shrank significantly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($20,500 per ton), while the average price for exports to South Sudan stood at $1,325 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Djibouti (+36.8%).
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ethiopia
In 2022, imports of stainless steel bars and rods, angles, shapes and sectionses into Ethiopia contracted markedly to 120 tons, reducing by -65.9% compared with the previous year's figure. Over the period under review, imports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 464%. As a result, imports reached the peak of 353 tons, and then declined dramatically in the following year.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses dropped sharply to $561K in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 243% against the previous year. As a result, imports reached the peak of $754K, and then reduced remarkably in the following year.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.7 | 34.7 | 230 | 260 | 144.9% |
| India | 13.1 | 1.1 | 11.4 | 165 | 132.7% |
| Vietnam | 0.4 | 0.5 | 1.6 | 40.5 | 366.1% |
| United Arab Emirates | 0.4 | 3.7 | 21.6 | 21.8 | 279.1% |
| Turkey | 48.3 | 9.9 | 25.9 | 0.1 | -87.3% |
| Ukraine | 131 | 140 | 375 | N/A | 69.2% |
| Others | 33.9 | 29.8 | 88.4 | 73.4 | 29.4% |
| Total | 245 | 220 | 754 | 561 | 31.8% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Ethiopia in 2022:
- China (80.9 tons)
- Vietnam (18.1 tons)
- India (14.7 tons)
- United Arab Emirates (2.0 tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ethiopia
In 2022, shipments abroad of stainless steel bars and rods, angles, shapes and sectionses decreased by -96.6% to 88 kg, falling for the second year in a row after two years of growth. Over the period under review, exports saw a significant decline. The pace of growth was the most pronounced in 2020 with an increase of 134% against the previous year. As a result, the exports attained the peak of 4.1 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses dropped dramatically to $270 in 2022. In general, exports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 245%. As a result, the exports attained the peak of $47K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | N/A | 0.2 | 0% |
| South Sudan | N/A | N/A | N/A | 0.1 | 0% |
| Nigeria | N/A | 4.9 | N/A | N/A | 0% |
| China | 13.7 | N/A | N/A | N/A | 0% |
| Djibouti | N/A | 42.3 | 38.1 | N/A | -9.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 13.7 | 47.2 | 38.1 | 0.3 | -72.0% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Ethiopia in 2022:
- South Sudan (80.0 kg)
- Italy (8.0 kg)
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