Price for Steel, Stainless; Angles, Shapes and Sections in Morocco - 2023
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Morocco (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in Morocco (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Morocco
- Exports of Steel, Stainless; Angles, Shapes and Sections in Morocco
Price for Steel, Stainless; Angles, Shapes and Sections in Morocco (CIF) - 2022
The average import price for steel, stainless stood at $4,560 per ton in 2022, picking up by 5.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 34% against the previous year. Over the period under review, average import prices reached the peak figure at $4,974 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($119,901 per ton), while the price for Turkey ($1,709 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in Morocco (FOB) - 2022
In 2021, the average export price for steel, stainless amounted to $14,751 per ton, with an increase of 14% against the previous year. In general, the export price recorded a modest increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 935%. As a result, the export price reached the peak level of $46,640 per ton. From 2015 to 2021, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Portugal.
From 2012 to 2021, the rate of growth in terms of prices for France amounted to -0.2% per year.
Imports of Steel, Stainless; Angles, Shapes and Sections in Morocco
After two years of decline, overseas purchases of steel, stainless increased by 48% to 435 tons in 2022. Overall, imports, however, saw a abrupt descent.
In value terms, imports of steel, stainless soared to $1.9M in 2022. In general, imports, however, recorded a abrupt slump.
| Import of Steel, Stainless; Angles, Shapes and Sections in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 448 | 270 | 152 | 467 | 1.4% |
| Spain | 1,064 | 427 | 391 | 443 | -25.3% |
| China | 141 | 241 | 331 | 304 | 29.2% |
| Italy | 106 | 88.5 | 69.4 | 203 | 24.2% |
| France | 252 | 230 | 36.0 | 149 | -16.1% |
| Turkey | N/A | 18.8 | N/A | 62.2 | 81.9% |
| Others | 496 | 138 | 264 | 251 | -20.3% |
| Total | 2,508 | 1,412 | 1,243 | 1,880 | -9.2% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Morocco in 2022:
- India (118.7 tons)
- China (95.0 tons)
- Spain (94.0 tons)
- France (48.0 tons)
- Turkey (36.4 tons)
- Italy (35.8 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Morocco
In 2021, the amount of steel, stainless exported from Morocco skyrocketed to 241 kg, growing by 2,578% compared with the previous year. In general, exports, however, faced a precipitous decrease.
In value terms, exports of steel, stainless skyrocketed to $3.6K in 2021. Over the period under review, exports, however, faced a deep contraction.
| Export of Steel, Stainless; Angles, Shapes and Sections in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Portugal | N/A | N/A | 3.6 | 0% | |
| Cameroon | 5.0 | N/A | N/A | 0% | |
| Others | N/A | 0.1 | N/A | 0% | |
| Total | 5.0 | 0.1 | 3.6 | -15.1% | |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Morocco in 2022:
- Portugal (241.0 kg)
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