Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Angola - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Angola (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Angola (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Angola
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Angola
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Angola (CIF) - 2022
In December 2022, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $2,420 per ton, increasing by 39% against the previous month. In general, the import price showed strong growth. The pace of growth appeared the most rapid in March 2022 an increase of 302% month-to-month. Over the period under review, average import prices hit record highs in December 2022.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to +17.3% per month.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Angola (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $681 per ton, growing by 281% against the previous year. Overall, the export price, however, faced a sharp shrinkage. Over the period under review, the average export prices reached the maximum at $2,942 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($1,224 per ton), while the average price for exports to Democratic Republic of the Congo amounted to $191 per ton.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+282.5%).
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Angola
For the fourth year in a row, Angola recorded growth in purchases abroad of iron or non-alloy steel wire, not plated or coateds, which increased by 354% to 4.6K tons in 2022. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds skyrocketed to $2M in 2022. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 169 | 397 | 664 | 1,735 | 117.3% |
| Portugal | 59.5 | 0.5 | 130 | 117 | 25.3% |
| Turkey | 201 | 245 | 190 | 23.7 | -51.0% |
| Others | 0.9 | 71.1 | 10.6 | 87.7 | 360.2% |
| Total | 430 | 714 | 994 | 1,963 | 65.9% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Angola in 2022:
- China (4.4K tons)
- Portugal (0.1K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Angola
After two years of growth, overseas shipments of iron or non-alloy steel wire, not plated or coateds decreased by -49.5% to 121 tons in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 9,179% against the previous year. As a result, the exports attained the peak of 239 tons, and then contracted notably in the following year.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds surged to $82K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 10,276% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Brazil | N/A | 37.0 | 70.0 | 89.2% | |
| Democratic Republic of the Congo | 0.1 | 5.7 | 12.1 | 1000.0% | |
| Others | 0.3 | N/A | N/A | 0% | |
| Total | 0.4 | 42.6 | 82.1 | 1332.7% | |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Angola in 2022:
- Democratic Republic of the Congo (63.5 tons)
- Brazil (57.2 tons)
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