Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka - 2022
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka (CIF) - 2022
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka (CIF) - 2022
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $682 per ton in 2022, falling by -10.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 56%. The import price peaked at $760 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($890 per ton), while the price for China ($507 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka (FOB) - 2022
In 2022, the average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,749 per ton, jumping by 74% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses increased by +82.9% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($10,859 per ton), while the average price for exports to Ethiopia amounted to $1,615 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+28.2%).
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka
In 2022, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses into Sri Lanka reduced notably to 9.9K tons, with a decrease of -71.8% on the previous year's figure. In general, imports showed a precipitous curtailment. The growth pace was the most rapid in 2021 when imports increased by 43%.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses fell notably to $6.7M in 2022. Over the period under review, imports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 110% against the previous year.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 24.8 | 8.6 | 21.5 | 3.6 | -47.4% |
| China | 6.1 | 3.7 | 4.3 | 2.7 | -23.8% |
| Hong Kong SAR | 0.4 | 0.3 | 0.4 | 0.3 | -9.1% |
| Others | 0.3 | N/A | 0.4 | 0.2 | -12.6% |
| Total | 31.6 | 12.7 | 26.6 | 6.7 | -40.4% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Sri Lanka in 2022:
- China (5.4K tons)
- India (4.0K tons)
- Hong Kong SAR (0.4K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka
In 2022, approx. 1.1 tons of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses were exported from Sri Lanka; which is down by -79.2% against 2021 figures. Over the period under review, exports recorded a dramatic contraction. The growth pace was the most rapid in 2021 with an increase of 218% against the previous year. As a result, the exports attained the peak of 5.3 tons, and then reduced remarkably in the following year.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses dropped markedly to $1.9K in 2022. In general, exports showed a precipitous descent. The pace of growth appeared the most rapid in 2021 when exports increased by 234% against the previous year.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ethiopia | 5.3 | 1.4 | 4.3 | 1.8 | -30.2% |
| Oman | N/A | N/A | 0.7 | N/A | 0% |
| Others | 0.3 | 0.2 | 0.3 | 0.2 | -12.6% |
| Total | 5.6 | 1.6 | 5.3 | 1.9 | -30.3% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Sri Lanka in 2022:
- Ethiopia (1084.0 kg)
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