Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt - 2023
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt (CIF) - 2022
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt (CIF) - 2022
In 2022, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $623 per ton, waning by -39.9% against the previous year. In general, the import price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 19,961%. As a result, import price attained the peak level of $34,912 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($1,029 per ton), while the price for Ukraine ($133 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-0.8%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt (FOB) - 2022
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $737 per ton in 2022, flattening at the previous year. Overall, the export price showed a pronounced reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 124%. Over the period under review, the average export prices hit record highs at $1,039 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($736 per ton), while the average price for exports to Libya amounted to $469 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-2.7%).
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt
In 2022, approx. 8.4K tons of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses were imported into Egypt; rising by 103% against 2021. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 484% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses soared to $5.3M in 2022. Over the period under review, imports, however, continue to indicate a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.7 | 2.1 | 2.8 | 3.7 | -33.7% |
| Turkey | 4.4 | 0.2 | 0.8 | 0.8 | -43.3% |
| Ukraine | 1.8 | 0.3 | 0.3 | 0.4 | -39.4% |
| Russia | 0.8 | 0.3 | 0.3 | 0.2 | -37.0% |
| Others | 0.4 | 0.1 | 0.2 | 0.1 | -37.0% |
| Total | 20.2 | 2.9 | 4.3 | 5.3 | -36.0% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Egypt in 2022:
- China (4.3K tons)
- Ukraine (2.9K tons)
- Turkey (0.8K tons)
- Russia (0.3K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt
In 2022, after two years of decline, there was decline in overseas shipments of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses, when their volume decreased by 0% to 57 tons. Overall, exports faced a abrupt slump. The smallest decline of -47.6% was in 2020.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $42K in 2022. In general, exports faced a abrupt decline. The smallest decline of -47.2% was in 2020.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 64.3 | 39.4 | 39.6 | 40.3 | -14.4% |
| Libya | 3.8 | 1.7 | 1.2 | 0.9 | -38.1% |
| Lebanon | 7.4 | N/A | N/A | N/A | 0% |
| Others | 4.1 | 1.0 | 1.3 | 0.9 | -39.7% |
| Total | 79.7 | 42.1 | 42.1 | 42.1 | -19.2% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Egypt in 2022:
- Saudi Arabia (54.7 tons)
- Libya (1.9 tons)
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