Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Iraq - 2022
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Iraq (CIF) - 2022
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Iraq
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Iraq (CIF) - 2022
The average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $7,247 per ton in 2022, dropping by -33% against the previous year. Overall, the import price, however, continues to indicate prominent growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 162%. The import price peaked at $10,810 per ton in 2021, and then dropped rapidly in the following year.
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 Arab Emirates ($91,500 per ton), while the price for Turkey ($1,567 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 Arab Emirates (+32.6%), while the prices for the other major suppliers experienced a decline.
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Iraq
In 2022, overseas purchases of steel, stainless; semi-finished products, other than of rectangular cross-sectia decreased by -75.3% to 709 kg, falling for the second consecutive year after two years of growth. Overall, imports faced a sharp contraction. The pace of growth appeared the most rapid in 2020 with an increase of 11%. As a result, imports attained the peak of 3.5 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia reduced notably to $5.1K in 2022. Over the period under review, imports recorded a sharp reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 29%.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 2.5 | 10.5 | 12.9 | 2.4 | -1.4% |
| United Arab Emirates | 1.5 | 10.6 | 7.8 | 1.5 | 0.0% |
| Oman | N/A | N/A | 4.1 | 0.9 | -78.0% |
| Turkey | 1.8 | 2.7 | 1.6 | 0.3 | -45.0% |
| Kuwait | 9.4 | N/A | N/A | N/A | 0% |
| Germany | 4.2 | N/A | 1.3 | N/A | -44.4% |
| France | 0.2 | 1.5 | 1.1 | N/A | 134.5% |
| Others | N/A | N/A | 2.2 | N/A | 0% |
| Total | 19.6 | 25.3 | 31.0 | 5.1 | -36.2% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Iraq in 2022:
- United Kingdom (358.0 kg)
- Turkey (194.0 kg)
- Oman (138.0 kg)
- United Arab Emirates (16.0 kg)
- France (3.0 kg)
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