Price for Steel, Alloy; Angles, Shapes and Sections in Morocco - 2023
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in Morocco (CIF) - 2022
- Imports of Steel, Alloy; Angles, Shapes and Sections in Morocco
Price for Steel, Alloy; Angles, Shapes and Sections in Morocco (CIF) - 2022
In 2022, the average import price for steel, alloy; angles, shapes and sectionses amounted to $2,706 per ton, rising by 20% against the previous year. Overall, the import price saw a buoyant increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 91% against the previous year. 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 Germany ($23,334 per ton), while the price for Luxembourg ($598 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Steel, Alloy; Angles, Shapes and Sections in Morocco
In 2022, the amount of steel, alloy; angles, shapes and sectionses imported into Morocco contracted markedly to 96 tons, shrinking by -60.9% against the year before. Over the period under review, imports continue to indicate a dramatic downturn. The smallest decline of -3.2% was in 2021.
In value terms, imports of steel, alloy; angles, shapes and sectionses reduced sharply to $260K in 2022. Overall, imports recorded a significant decline. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year.
| Import of Steel, Alloy; Angles, Shapes and Sections in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | 12.1 | 166 | 1271.9% |
| Spain | 34.4 | 54.3 | 94.4 | 31.6 | -2.8% |
| Bulgaria | 122 | 92.0 | 126 | 23.1 | -42.6% |
| Germany | 128 | 24.6 | 51.3 | 15.8 | -50.2% |
| Luxembourg | 18.1 | 18.6 | 16.8 | 6.1 | -30.4% |
| Belgium | 11.3 | 9.6 | 7.3 | 2.2 | -42.0% |
| Turkey | 5.2 | 10.5 | 38.5 | 1.8 | -29.8% |
| Italy | 87.7 | 44.2 | 1.9 | 0.8 | -79.1% |
| Others | 133 | 44.7 | 65.3 | 12.3 | -54.8% |
| Total | 539 | 299 | 413 | 260 | -21.6% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to Morocco in 2022:
- United Arab Emirates (36.5 tons)
- Bulgaria (23.9 tons)
- Spain (18.3 tons)
- Luxembourg (10.2 tons)
- Belgium (2.0 tons)
- Turkey (1.9 tons)
- Germany (0.7 tons)
- Italy (0.1 tons)
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