Price for Stainless Steel in Ingots or Other Primary Forms in Libya - 2022
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Libya (CIF) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Libya
Price for Stainless Steel in Ingots or Other Primary Forms in Libya (CIF) - 2022
The average import price for stainless steel in ingots or other primary forms stood at $6,582 per ton in 2022, dropping by -30.5% against the previous year. In general, the import price, however, showed a strong expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 148% against the previous year. Over the period under review, average import prices attained the maximum at $13,262 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 UK ($23,361 per ton), while the price for Turkey ($1,645 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Stainless Steel in Ingots or Other Primary Forms in Libya
In 2022, imports of stainless steel in ingots or other primary forms into Libya skyrocketed to 790 kg, picking up by 146% against 2021 figures. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 786%. As a result, imports reached the peak of 1.3 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of stainless steel in ingots or other primary forms skyrocketed to $5.2K in 2022. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 703%. As a result, imports attained the peak of $7.4K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Stainless Steel in Ingots or Other Primary Forms in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.6 | 3.7 | 1.5 | 2.9 | 69.1% |
| Italy | 0.2 | 1.1 | 0.9 | 1.4 | 91.3% |
| Turkey | 0.1 | 0.8 | 0.6 | 0.9 | 108.0% |
| Germany | N/A | 1.7 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.9 | 7.4 | 3.0 | 5.2 | 79.4% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Libya in 2022:
- Turkey (550.0 kg)
- Italy (228.0 kg)
- United Kingdom (122.0 kg)
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