Price for Steel Alloy Wire of Silico-Manganese Steel in Egypt - 2023
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Egypt (CIF) - 2022
- Price for Steel Alloy Wire of Silico-Manganese Steel in Egypt (FOB) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Egypt
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Egypt
Price for Steel Alloy Wire of Silico-Manganese Steel in Egypt (CIF) - 2022
The average import price for steel alloy wire of silico-manganese steels stood at $1,812 per ton in 2022, growing by 23% against the previous year. Over the period under review, the import price continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2018 an increase of 227%. As a result, import price reached the peak level of $4,829 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
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 ($1,917 per ton), while the price for Germany ($1,107 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 (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel Alloy Wire of Silico-Manganese Steel in Egypt (FOB) - 2022
The average export price for steel alloy wire of silico-manganese steels stood at $1,507 per ton in 2022, dropping by -2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The export price peaked at $1,537 per ton in 2021, and then fell slightly in the following year.
As there is only one major export destination, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Egypt
For the fourth year in a row, Egypt recorded growth in overseas purchases of steel alloy wire of silico-manganese steels, which increased by 59% to 3.3K tons in 2022. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 92% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of steel alloy wire of silico-manganese steels soared to $5.9M in 2022. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,181 | 872 | 1,728 | 4,041 | 50.7% |
| Turkey | 679 | 636 | 884 | 1,335 | 25.3% |
| Czech Republic | 65.1 | 18.0 | 211 | 301 | 66.6% |
| United Arab Emirates | 52.7 | 87.5 | 33.3 | 58.2 | 3.4% |
| South Korea | 38.9 | 34.6 | 39.3 | 55.6 | 12.6% |
| Others | 112 | 91.5 | 116 | 104 | -2.4% |
| Total | 2,128 | 1,739 | 3,012 | 5,894 | 40.4% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Egypt in 2022:
- China (2203.9 tons)
- Turkey (727.8 tons)
- Czech Republic (163.9 tons)
- United Arab Emirates (50.3 tons)
- South Korea (43.5 tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in Egypt
Exports of steel alloy wire of silico-manganese steels from Egypt soared to 2.3 tons in 2022, with an increase of 48% against the previous year. In general, total exports indicated a significant increase from 2021 to 2022: its volume increased at an average annual rate of +47.8% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel alloy wire of silico-manganese steels soared to $3.4K in 2022. Over the period under review, total exports indicated significant growth from 2021 to 2022: its value increased at an average annual rate of +44.8% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| South Africa | N/A | 3.4 | 0% | ||
| Libya | 1.0 | N/A | 0% | ||
| Turkey | 0.2 | N/A | 0% | ||
| Brazil | 1.2 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 2.4 | 3.4 | 41.7% | ||
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Egypt in 2022:
- South Africa (2.3 tons)
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