Price for Steel, Stainless; Ingots and Other Primary Forms in Ethiopia - 2022
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Ethiopia (CIF) - 2022
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Ethiopia
Price for Steel, Stainless; Ingots and Other Primary Forms in Ethiopia (CIF) - 2022
In 2022, the average import price for steel, stainless; ingots and other primary formses amounted to $6,293 per ton, rising by 7.7% against the previous year. Over the period under review, the import price, however, saw a abrupt contraction. The growth pace was the most rapid in 2019 when the average import price increased by 174%. The import price peaked at $16,034 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +6.5% per year.
Imports of Steel, Stainless; Ingots and Other Primary Forms in Ethiopia
For the fourth consecutive year, Ethiopia recorded growth in purchases abroad of steel, stainless; ingots and other primary formses, which increased by 9% to 13 tons in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.0% 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 +77.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 50%. 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, stainless; ingots and other primary formses surged to $80K in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.8 | 21.9 | 1.4 | 23.6 | 22.6% |
| South Africa | N/A | N/A | 36.2 | N/A | 0% |
| United Arab Emirates | N/A | N/A | 27.3 | N/A | 0% |
| Others | 40.1 | 38.5 | 3.0 | 56.0 | 11.8% |
| Total | 53.0 | 60.4 | 67.8 | 79.7 | 14.6% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Ethiopia in 2022:
- China (6.3 tons)
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