Price for Wire of Other Alloy Steel in Iraq - 2022
Contents:
- Price for Wire of Other Alloy Steel in Iraq (CIF) - 2022
- Imports of Wire of Other Alloy Steel in Iraq
Price for Wire of Other Alloy Steel in Iraq (CIF) - 2022
In 2022, the average import price for wire of other alloy steels amounted to $1,329 per ton, reducing by -11% against the previous year. Over the period under review, the import price saw a perceptible curtailment. The pace of growth was the most pronounced in 2021 an increase of 89%. Over the period under review, average import prices hit record highs at $1,855 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 ($2,735 per ton), while the price for China ($1,018 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 (+2.8%), while the prices for the other major suppliers experienced a decline.
Imports of Wire of Other Alloy Steel in Iraq
In 2022, imports of wire of other alloy steels into Iraq skyrocketed to 575 tons, rising by 27% against 2021 figures. In general, imports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 76% against the previous year. As a result, imports attained the peak of 1.3K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, wire of other alloy steel imports amounted to $764K in 2022. Overall, imports, however, showed a drastic downturn. The growth pace was the most rapid in 2020 when imports increased by 14%. As a result, imports reached the peak of $1M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Wire of Other Alloy Steel in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 284 | 723 | 448 | 432 | 15.0% |
| China | 152 | 66.8 | 104 | 272 | 21.4% |
| United Arab Emirates | 7.1 | 41.7 | 110 | 36.4 | 72.4% |
| South Korea | 165 | 135 | 1.7 | N/A | -89.8% |
| Vietnam | 120 | N/A | N/A | N/A | 0% |
| Iran | 135 | N/A | N/A | N/A | 0% |
| Others | 35.2 | 56.6 | 14.6 | 23.9 | -12.1% |
| Total | 899 | 1,023 | 678 | 764 | -5.3% |
Top Suppliers of Wire of Other Alloy Steel to Iraq in 2022:
- Turkey (287.9 tons)
- China (266.6 tons)
- United Arab Emirates (13.3 tons)
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