Price for Steel, Alloy; Ingots and Other Primary Forms in Algeria - 2022
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Algeria (CIF) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Algeria
Price for Steel, Alloy; Ingots and Other Primary Forms in Algeria (CIF) - 2022
The average import price for steel, alloy; ingots and other primary formses stood at $2,946 per ton in 2022, approximately reflecting the previous year. Overall, the import price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 37%. Over the period under review, average import prices attained the peak figure at $4,667 per ton in 2013; however, from 2014 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 Turkey ($6,395 per ton), while the price for Italy amounted to $2,831 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.8%).
Imports of Steel, Alloy; Ingots and Other Primary Forms in Algeria
Imports of steel, alloy; ingots and other primary formses into Algeria stood at 129 tons in 2022, flattening at the previous year's figure. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +6.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 77%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of steel, alloy; ingots and other primary formses stood at $380K in 2022. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 142%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 165 | 137 | 312 | 353 | 28.9% |
| Turkey | 62.9 | 18.0 | 3.9 | 26.6 | -24.9% |
| China | N/A | 1.7 | 34.9 | N/A | 1952.9% |
| Others | N/A | N/A | 26.8 | N/A | 0% |
| Total | 227 | 156 | 378 | 380 | 18.7% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Algeria in 2022:
- Italy (124.7 tons)
- Turkey (4.2 tons)
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