Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Egypt - 2024

Contents:

1. Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Egypt (CIF) - 2022
2. Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Egypt (FOB) - 2022
3. Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Egypt
4. Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Egypt

Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Egypt (CIF) - 2022

In 2022, the average import price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,602 per ton, rising by 22% against the previous year. Overall, the import price posted a notable increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 5,706% against the previous year. Over the period under review, average import prices hit record highs at $1,989 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($1,602 per ton) and China ($1,602 per ton), while the price for Italy ($1,602 per ton) and Germany ($1,602 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Egypt (FOB) - 2022

In 2022, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,710 per ton, surging by 18% against the previous year. Over the period under review, the export price showed a measured expansion. The growth pace was the most rapid in 2020 when the average export price increased by 35% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Madagascar ($1,710 per ton) and Lebanon ($1,710 per ton), while the average price for exports to Costa Rica ($1,710 per ton) and Sudan ($1,710 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Madagascar (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Egypt

In 2022, the amount of iron or non-alloy steel wire, plated or coated with zincs imported into Egypt expanded rapidly to 5.4K tons, surging by 12% on the previous year. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +19.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.9% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 73%. As a result, imports attained the peak of 5.4K tons; afterwards, it flattened through to 2022.

In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs skyrocketed to $8.6M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Egypt in 2022:

1. Turkey (2363.9 tons)
2. Italy (1528.1 tons)
3. China (376.8 tons)
4. Netherlands (330.5 tons)
5. Germany (217.6 tons)
6. Belgium (91.6 tons)
7. United Arab Emirates (81.7 tons)

Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Egypt

In 2022, approx. 4.7K tons of iron or non-alloy steel wire, plated or coated with zincs were exported from Egypt; which is down by -34.8% against 2021 figures. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 67% against the previous year. As a result, the exports reached the peak of 7.2K tons, and then shrank rapidly in the following year.

In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs fell rapidly to $8M in 2022. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 115%. As a result, the exports reached the peak of $10M, and then contracted dramatically in the following year.

Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Egypt in 2022:

1. Syrian Arab Republic (715.0 tons)
2. Costa Rica (600.9 tons)
3. Jordan (541.5 tons)
4. Lebanon (507.9 tons)
5. Sudan (494.8 tons)
6. Madagascar (437.0 tons)
7. Romania (333.0 tons)
8. Libya (332.4 tons)
9. Morocco (330.3 tons)
10. Kenya (57.1 tons)

Source: IndexBox Market Intelligence Platform