Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Iraq - 2022
Contents:
- Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Iraq (CIF) - 2022
- Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Iraq
Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Iraq (CIF) - 2022
The average import price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds stood at $7,352 per ton in 2022, dropping by -14.9% against the previous year. Over the period under review, the import price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 126% against the previous year. The import price peaked at $9,588 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($9,875 per ton), while the price for China ($6,003 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+24.2%), while the prices for the other major suppliers experienced a decline.
Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Iraq
In 2022, the amount of stainless steel, flat-rolled, width less than 600mm, cold-rolleds imported into Iraq soared to 85 tons, growing by 47% compared with the previous year. Overall, imports showed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 110% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds skyrocketed to $628K in 2022. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 203% against the previous year. As a result, imports reached the peak of $754K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 46.9 | 532 | 352 | 305 | 86.7% |
| Kuwait | 54.9 | 75.0 | 53.1 | 146 | 38.5% |
| United Arab Emirates | 107 | 49.2 | 68.7 | 113 | 1.8% |
| Netherlands | 6.8 | 13.2 | 22.6 | 53.5 | 98.9% |
| Turkey | 11.2 | 11.3 | 0.9 | 3.1 | -34.8% |
| United Kingdom | 17.1 | 2.5 | N/A | N/A | -85.4% |
| Italy | N/A | 63.9 | N/A | N/A | 0% |
| Others | 4.6 | 7.5 | 3.5 | 6.6 | 12.8% |
| Total | 249 | 754 | 501 | 628 | 36.1% |
Top Suppliers of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled to Iraq in 2022:
- China (50.8 tons)
- Kuwait (15.4 tons)
- United Arab Emirates (11.5 tons)
- Netherlands (7.2 tons)
- Turkey (0.4 tons)
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