Price for Steel, Alloy; Angles, Shapes and Sections in Iraq - 2022
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in Iraq (CIF) - 2022
- Imports of Steel, Alloy; Angles, Shapes and Sections in Iraq
Price for Steel, Alloy; Angles, Shapes and Sections in Iraq (CIF) - 2022
The average import price for steel, alloy; angles, shapes and sectionses stood at $2,093 per ton in 2022, picking up by 49% against the previous year. Over the period under review, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 105%. The import price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($2,259 per ton), while the price for the United Arab Emirates ($1,362 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Steel, Alloy; Angles, Shapes and Sections in Iraq
In 2022, supplies from abroad of steel, alloy; angles, shapes and sectionses decreased by -17.5% to 123 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a sharp slump. The pace of growth appeared the most rapid in 2020 with an increase of 76%. As a result, imports reached the peak of 1.9K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of steel, alloy; angles, shapes and sectionses surged to $258K in 2022. Overall, imports faced a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 118% against the previous year. As a result, imports reached the peak of $1.5M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Steel, Alloy; Angles, Shapes and Sections in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 13.2 | 371 | 76.5 | 132 | 115.4% |
| Jordan | N/A | 225 | 85.2 | 106 | -31.4% |
| China | 332 | 704 | 5.9 | 16.8 | -63.0% |
| United Arab Emirates | 19.6 | 0.9 | 41.1 | 2.8 | -47.7% |
| South Korea | 75.2 | 185 | N/A | N/A | 146.0% |
| Iran | 189 | N/A | N/A | N/A | 0% |
| Ukraine | 21.9 | N/A | N/A | N/A | 0% |
| Others | 30.1 | N/A | 1.3 | 0.4 | -76.3% |
| Total | 681 | 1,486 | 210 | 258 | -27.6% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to Iraq in 2022:
- Turkey (58.4 tons)
- Jordan (50.4 tons)
- China (12.1 tons)
- United Arab Emirates (2.1 tons)
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