Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Egypt - 2023
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Egypt (CIF) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Egypt
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Egypt (CIF) - 2022
The average import price for steel, alloy stood at $3,200 per ton in 2022, jumping by 59% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, alloy increased by +89.3% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Russia ($3,200 per ton) and Japan ($3,200 per ton), while the price for China ($3,200 per ton) and South Korea ($3,200 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+37.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Egypt
In 2022, imports of steel, alloy into Egypt skyrocketed to 4.9K tons, with an increase of 33% on the previous year. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 367% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of steel, alloy skyrocketed to $16M in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 456%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 0.6 | 3.0 | 11.2 | 332.0% |
| Russia | 0.4 | 0.1 | 0.7 | 2.6 | 86.6% |
| United Arab Emirates | 1.4 | 0.2 | 0.9 | 0.6 | -24.6% |
| Japan | N/A | N/A | 1.4 | 0.6 | -57.1% |
| Turkey | N/A | N/A | N/A | 0.3 | 0% |
| South Korea | 0.6 | 0.4 | 0.7 | 0.2 | -30.7% |
| Germany | 0.2 | N/A | 0.2 | N/A | 0.0% |
| Others | 0.1 | N/A | 0.5 | 0.2 | 26.0% |
| Total | 2.8 | 1.3 | 7.4 | 15.7 | 77.7% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented to Egypt in 2022:
- China (3501.5 tons)
- Russia (818.5 tons)
- United Arab Emirates (185.8 tons)
- Japan (179.8 tons)
- Turkey (86.2 tons)
- South Korea (62.1 tons)
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