Price for Steel, Alloy; Angles, Shapes and Sections in Ethiopia - 2022
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in Ethiopia (CIF) - 2022
- Imports of Steel, Alloy; Angles, Shapes and Sections in Ethiopia
Price for Steel, Alloy; Angles, Shapes and Sections in Ethiopia (CIF) - 2022
The average import price for steel, alloy; angles, shapes and sectionses stood at $1,714 per ton in 2022, rising by 74% against the previous year. In general, the import price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 76% against the previous year. As a result, import price attained the peak level of $1,776 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($2,597 per ton), while the price for Turkey ($1,070 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+48.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Steel, Alloy; Angles, Shapes and Sections in Ethiopia
After three years of growth, purchases abroad of steel, alloy; angles, shapes and sectionses decreased by -86.2% to 38 tons in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 393%.
In value terms, imports of steel, alloy; angles, shapes and sectionses shrank dramatically to $64K in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 588% against the previous year.
| Import of Steel, Alloy; Angles, Shapes and Sections in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.8 | 37.6 | 84.2 | 18.6 | 10.5% |
| United Kingdom | 14.1 | 99.8 | 117 | 16.2 | 4.7% |
| United Arab Emirates | 0.3 | 5.3 | 45.7 | 11.3 | 235.2% |
| Italy | 2.9 | 53.4 | 60.6 | 8.5 | 43.1% |
| Vietnam | N/A | 4.4 | N/A | 7.7 | 32.3% |
| Turkey | 2.0 | 17.3 | 17.5 | 2.1 | 1.6% |
| Others | N/A | 9.9 | N/A | 0.1 | -89.9% |
| Total | 33.1 | 228 | 325 | 64.5 | 24.9% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to Ethiopia in 2022:
- China (14.8 tons)
- United Kingdom (7.5 tons)
- Vietnam (5.0 tons)
- United Arab Emirates (4.3 tons)
- Italy (3.9 tons)
- Turkey (1.9 tons)
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