Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Morocco - 2023
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Morocco (CIF) - 2023
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Morocco
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Morocco (CIF) - 2023
In June 2023, the average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $4,070 per ton, remaining relatively unchanged against the previous month. Overall, the import price continues to indicate a mild increase. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 1,879% against the previous month. As a result, import price attained the peak level of $69,946 per ton. From September 2022 to June 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to June 2023, the rate of growth in terms of prices for China amounted to +1.9% per month.
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Morocco
In 2022, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia into Morocco surged to 20 tons, rising by 30% compared with the previous year's figure. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 479% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia dropped significantly to $68K in 2022. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 514% against the previous year.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.2 | 1.1 | 2.1 | 59.4 | 567.2% |
| Spain | 1.1 | 0.2 | 6.7 | N/A | 146.8% |
| India | 0.4 | 9.3 | 10.9 | N/A | 422.0% |
| Italy | 2.4 | 14.8 | 27.0 | N/A | 235.4% |
| Others | 3.2 | 19.0 | 35.8 | 9.0 | 41.2% |
| Total | 7.2 | 44.4 | 82.5 | 68.5 | 111.9% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Morocco in 2022:
- China (19.7 tons)
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