Price for Steel, Alloy; Angles, Shapes and Sections in Sri Lanka - 2022
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in Sri Lanka (CIF) - 2022
- Price for Steel, Alloy; Angles, Shapes and Sections in Sri Lanka (FOB) - 2022
- Imports of Steel, Alloy; Angles, Shapes and Sections in Sri Lanka
- Exports of Steel, Alloy; Angles, Shapes and Sections in Sri Lanka
Price for Steel, Alloy; Angles, Shapes and Sections in Sri Lanka (CIF) - 2022
In 2022, the average import price for steel, alloy; angles, shapes and sectionses amounted to $769 per ton, picking up by 14% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 46%. As a result, import price reached the peak level of $1,257 per ton. From 2017 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Bahrain ($804 per ton) and China ($742 per ton), while the price for Indonesia ($547 per ton) and Hong Kong SAR ($687 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Alloy; Angles, Shapes and Sections in Sri Lanka (FOB) - 2022
In 2022, the average export price for steel, alloy; angles, shapes and sectionses amounted to $1,132 per ton, picking up by 47% against the previous year. Overall, the export price posted a resilient increase. The pace of growth was the most pronounced in 2014 an increase of 116% against the previous year. The export price peaked at $1,396 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($1,167 per ton), while the average price for exports to Seychelles stood at $732 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (+8.0%), while the prices for the other major destinations experienced a decline.
Imports of Steel, Alloy; Angles, Shapes and Sections in Sri Lanka
For the third year in a row, Sri Lanka recorded decline in purchases abroad of steel, alloy; angles, shapes and sectionses, which decreased by -35% to 8K tons in 2022. Over the period under review, imports faced a dramatic decline. The smallest decline of -5.2% was in 2020.
In value terms, imports of steel, alloy; angles, shapes and sectionses declined rapidly to $6.2M in 2022. Overall, imports faced a abrupt curtailment. The smallest decline of -8.9% was in 2020.
| Import of Steel, Alloy; Angles, Shapes and Sections in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.7 | 7.1 | 2.9 | 3.8 | -24.1% |
| Bahrain | 0.4 | 1.2 | 4.8 | 0.8 | 26.0% |
| Hong Kong SAR | 1.3 | 0.8 | 0.2 | 0.7 | -18.6% |
| Indonesia | 0.1 | 0.5 | 0.2 | 0.3 | 44.2% |
| Others | 0.2 | 0.2 | 0.1 | 0.6 | 44.2% |
| Total | 10.7 | 9.7 | 8.3 | 6.2 | -16.6% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to Sri Lanka in 2022:
- China (5.2K tons)
- Bahrain (1.1K tons)
- Hong Kong SAR (1.0K tons)
- Indonesia (0.6K tons)
Exports of Steel, Alloy; Angles, Shapes and Sections in Sri Lanka
In 2022, overseas shipments of steel, alloy; angles, shapes and sectionses decreased by -91.5% to 1.2 tons, falling for the second consecutive year after two years of growth. Overall, exports showed a precipitous contraction. The most prominent rate of growth was recorded in 2020 with an increase of 796% against the previous year. As a result, the exports attained the peak of 27 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of steel, alloy; angles, shapes and sectionses shrank markedly to $1.4K in 2022. In general, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 579%. As a result, the exports attained the peak of $20K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Steel, Alloy; Angles, Shapes and Sections in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 2.8 | 1.5 | 8.1 | 1.3 | -22.6% |
| Seychelles | 0.1 | 0.1 | 2.8 | 0.1 | 0.0% |
| Ethiopia | N/A | 1.2 | N/A | N/A | 0% |
| Oman | N/A | 17.7 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.0 | 20.4 | 10.9 | 1.4 | -22.4% |
Top Export Markets for Steel, Alloy; Angles, Shapes and Sections from Sri Lanka in 2022:
- Maldives (1103.0 kg)
- Seychelles (97.0 kg)
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