Price for Stainless Steel in Ingots or Other Primary Forms in Angola - 2022
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Angola (FOB) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Angola (CIF) - 2022
- Exports of Stainless Steel in Ingots or Other Primary Forms in Angola
- Imports of Stainless Steel in Ingots or Other Primary Forms in Angola
Price for Stainless Steel in Ingots or Other Primary Forms in Angola (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $748 per ton, with an increase of 69% against the previous year. Overall, the export price, however, showed a precipitous descent. Over the period under review, the average export prices attained the maximum at $21,325 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.
From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to -28.4% per year.
Price for Stainless Steel in Ingots or Other Primary Forms in Angola (CIF) - 2022
The average import price for stainless steel in ingots or other primary forms stood at $7,266 per ton in 2022, surging by 8.9% against the previous year. Over the period under review, the import price recorded resilient growth. The pace of growth appeared the most rapid in 2018 an increase of 119%. The import price peaked at $8,637 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 Namibia ($167,500 per ton), while the price for China ($1,560 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Stainless Steel in Ingots or Other Primary Forms in Angola
For the third consecutive year, Angola recorded decline in shipments abroad of stainless steel in ingots or other primary forms, which decreased by -55.2% to 301 tons in 2022. In general, exports continue to indicate a significant contraction. The smallest decline of -0.1% was in 2020.
In value terms, exports of stainless steel in ingots or other primary forms dropped rapidly to $225K in 2022. Overall, exports recorded a significant contraction. The smallest decline of -15% was in 2020.
| Export of Stainless Steel in Ingots or Other Primary Forms in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 459 | 390 | 297 | 225 | -21.2% |
| Others | 0.4 | 0.1 | N/A | 0.2 | -20.6% |
| Total | 459 | 390 | 297 | 225 | -21.2% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Angola in 2022:
- Democratic Republic of the Congo (301.5 tons)
Imports of Stainless Steel in Ingots or Other Primary Forms in Angola
In 2022, imports of stainless steel in ingots or other primary forms into Angola fell to 8.6 tons, reducing by -9% against 2021. In general, imports recorded a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 137%.
In value terms, imports of stainless steel in ingots or other primary forms declined modestly to $62K in 2022. Over the period under review, imports faced a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 83%.
| Import of Stainless Steel in Ingots or Other Primary Forms in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 61.8 | 16.6 | 10.5 | 25.4 | -25.6% |
| Portugal | 5.1 | 8.1 | 9.7 | 14.7 | 42.3% |
| Canada | 0.8 | 0.9 | 7.5 | 4.8 | 81.7% |
| Brazil | 0.4 | N/A | 6.1 | 4.7 | 127.3% |
| Norway | 3.6 | 1.6 | 3.3 | 1.9 | -19.2% |
| China | 3.6 | 1.0 | 0.5 | 1.5 | -25.3% |
| United Kingdom | 1.0 | 2.2 | 8.7 | 1.2 | 6.3% |
| South Africa | 22.8 | N/A | 3.0 | N/A | -63.7% |
| Others | 7.1 | 3.9 | 13.5 | 8.2 | 4.9% |
| Total | 106 | 34.4 | 62.8 | 62.3 | -16.2% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Angola in 2022:
- Portugal (3124.0 kg)
- Canada (1728.0 kg)
- Brazil (1366.0 kg)
- China (946.0 kg)
- Spain (668.0 kg)
- United Kingdom (207.0 kg)
- Norway (187.0 kg)
- South Africa (1.0 kg)
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