Price for Steel, Stainless; Angles, Shapes and Sections in Iraq - 2022
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Iraq (CIF) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Iraq
Price for Steel, Stainless; Angles, Shapes and Sections in Iraq (CIF) - 2022
The average import price for steel, stainless stood at $4,718 per ton in 2022, with an increase of 59% against the previous year. Overall, the import price recorded a prominent expansion. The growth pace was the most rapid in 2019 when the average import price increased by 94%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($3,672 per ton), while the price for the United Arab Emirates ($1,612 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Steel, Stainless; Angles, Shapes and Sections in Iraq
In 2022, approx. 264 tons of steel, stainless were imported into Iraq; rising by 64% on the year before. Over the period under review, imports, however, recorded a abrupt setback.
In value terms, imports of steel, stainless skyrocketed to $901K in 2022. Overall, imports, however, showed a abrupt decline.
| Import of Steel, Stainless; Angles, Shapes and Sections in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 41.5 | 31.0 | 12.4 | 513 | 131.2% |
| Turkey | 312 | 184 | 428 | 366 | 5.5% |
| United Arab Emirates | 283 | 98.2 | 19.7 | 11.7 | -65.4% |
| South Korea | 260 | 37.3 | N/A | N/A | -85.7% |
| Estonia | 245 | N/A | N/A | N/A | 0% |
| Iran | 39.7 | 0.2 | N/A | N/A | -99.5% |
| Australia | N/A | N/A | 18.8 | N/A | 0% |
| Others | 24.1 | 12.9 | 0.8 | 10.7 | -23.7% |
| Total | 1,204 | 363 | 479 | 901 | -9.2% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Iraq in 2022:
- China (139.7 tons)
- Turkey (116.6 tons)
- United Arab Emirates (7.3 tons)
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