Price for Steel, Stainless; Ingots and Other Primary Forms in Egypt - 2022
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Egypt (FOB) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in Egypt (CIF) - 2022
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Egypt
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Egypt
Price for Steel, Stainless; Ingots and Other Primary Forms in Egypt (FOB) - 2022
In 2021, the average export price for steel, stainless; ingots and other primary formses amounted to $2,609 per ton, picking up by 3.7% against the previous year. In general, the export price, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2016 an increase of 70%. Over the period under review, the average export prices hit record highs at $4,220 per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2021, the rate of growth in terms of prices for Singapore amounted to +7.2% per year.
Price for Steel, Stainless; Ingots and Other Primary Forms in Egypt (CIF) - 2022
In 2022, the average import price for steel, stainless; ingots and other primary formses amounted to $2,543 per ton, stabilizing at the previous year. Over the period under review, the import price recorded a precipitous contraction. The most prominent rate of growth was recorded in 2020 an increase of 89%. Over the period under review, average import prices hit record highs at $30,975 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2013 to 2022, the rate of growth in terms of prices for Belgium amounted to +20.7% per year.
Exports of Steel, Stainless; Ingots and Other Primary Forms in Egypt
For the third year in a row, Egypt recorded decline in shipments abroad of steel, stainless; ingots and other primary formses, which decreased by 99.9% to less than 0.1 kg in 2022. Over the period under review, exports recorded a abrupt setback. The smallest decline of -3.8% was in 2020.
In value terms, exports of steel, stainless; ingots and other primary formses soared to $61K in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United Arab Emirates | N/A | N/A | 51.0 | 0% | |
| Singapore | 58.3 | 61.8 | N/A | 6.0% | |
| Others | 0.2 | N/A | N/A | 0% | |
| Total | 58.5 | 61.8 | 51.0 | -6.6% | |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Egypt in 2022:
- United Arab Emirates (19.5 tons)
Imports of Steel, Stainless; Ingots and Other Primary Forms in Egypt
In 2022, approx. 2.5 tons of steel, stainless; ingots and other primary formses were imported into Egypt; approximately mirroring the year before. In general, imports continue to indicate a precipitous setback. The smallest decline of -95.7% was in 2020.
In value terms, imports of steel, stainless; ingots and other primary formses stood at $6.3K in 2022. Over the period under review, imports recorded a precipitous slump. The smallest decline of -91.8% was in 2020.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 20.8 | 4.9 | N/A | 6.3 | -32.8% |
| Turkey | N/A | 6.9 | N/A | N/A | 0% |
| Belgium | 118 | N/A | N/A | N/A | 0% |
| Others | 13.2 | 0.7 | N/A | N/A | -94.7% |
| Total | 152 | 12.5 | N/A | 6.3 | -65.4% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Egypt in 2022:
- United Arab Emirates (2.5 tons)
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