Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Angola - 2022

Contents:

1. Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Angola (CIF) - 2022
2. Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Angola

Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Angola (CIF) - 2022

In 2022, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $578 per ton, which is down by -11.5% against the previous year. Overall, the import price recorded a mild setback. The pace of growth appeared the most rapid in 2016 an increase of 41%. The import price peaked at $663 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the United States ($2,861 per ton), while the price for Namibia ($101 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 States (+3.3%), while the prices for the other major suppliers experienced a decline.

Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Angola

In 2022, the amount of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses imported into Angola skyrocketed to 5.4K tons, rising by 23% on the year before. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -16.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 49%. As a result, imports reached the peak of 6.5K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses rose sharply to $3.1M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 58%. As a result, imports reached the peak of $3.4M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Angola in 2022:

1. Portugal (5.1K tons)
2. Namibia (0.2K tons)
3. United States (0.1K tons)

Source: IndexBox Market Intelligence Platform