Price for Wire of Other Alloy Steel in Ethiopia - 2022
Contents:
- Price for Wire of Other Alloy Steel in Ethiopia (CIF) - 2022
- Imports of Wire of Other Alloy Steel in Ethiopia
Price for Wire of Other Alloy Steel in Ethiopia (CIF) - 2022
The average import price for wire of other alloy steels stood at $1,917 per ton in 2022, increasing by 39% against the previous year. Over the period under review, the import price enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 66% against the previous year. As a result, import price reached the peak level of $2,360 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,983 per ton), while the price for China amounted to $1,908 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced a decline.
Imports of Wire of Other Alloy Steel in Ethiopia
After two years of decline, purchases abroad of wire of other alloy steels increased by 129% to 59 tons in 2022. Over the period under review, imports, however, showed a significant decline.
In value terms, wire of other alloy steel imports skyrocketed to $113K in 2022. In general, imports, however, saw a sharp reduction.
Import of Wire of Other Alloy Steel in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 759 | 81.8 | 25.2 | 110 | -47.5% |
United States | 5.6 | 2.6 | 0.1 | 2.3 | -25.7% |
Italy | 55.6 | 67.9 | N/A | 1.1 | -73.0% |
Japan | 120 | 96.2 | 8.6 | N/A | -73.2% |
Egypt | 93.2 | N/A | N/A | N/A | 0% |
Turkey | 30.3 | 11.9 | N/A | N/A | -60.7% |
Others | 28.5 | 17.9 | 1.7 | 0.2 | -80.9% |
Total | 1,093 | 279 | 35.6 | 113 | -53.1% |
Top Suppliers of Wire of Other Alloy Steel to Ethiopia in 2022:
- China (57.6 tons)
- United States (1.2 tons)
- Italy (0.3 tons)
This report provides an in-depth analysis of the market for iron and steel wire in Ethiopia.
This report provides an in-depth analysis of the global market for iron and steel wire.
This report provides an in-depth analysis of the global market for iron and steel wire.
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