Stainless Steel Wire Price in Egypt - 2023
Contents:
- Stainless Steel Wire Price in Egypt (CIF) - 2022
- Stainless Steel Wire Price in Egypt (FOB) - 2022
- Stainless Steel Wire Imports in Egypt
- Stainless Steel Wire Exports in Egypt
Stainless Steel Wire Price in Egypt (CIF) - 2022
In 2022, the average stainless steel wire import price amounted to $6,558 per ton, jumping by 30% against the previous year. Overall, the import price saw a significant increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 79% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($6,559 per ton) and Switzerland ($6,559 per ton), while the price for France ($6,558 per ton) and China ($6,558 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+316.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in Egypt (FOB) - 2022
The average stainless steel wire export price stood at $7,793 per ton in 2022, rising by 24% against the previous year. In general, the export price enjoyed temperate growth. As a result, the export price reached the peak level 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 Jordan ($7,793 per ton) and the United States ($7,793 per ton), while the average price for exports to Zimbabwe ($7,792 per ton) and Brazil ($7,792 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 Lebanon (+28.6%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Imports in Egypt
In 2022, stainless steel wire imports into Egypt dropped to 350 tons, reducing by -4.2% on 2021 figures. Over the period under review, imports showed a significant curtailment.
In value terms, stainless steel wire imports surged to $2.3M in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel Wire in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 859 | 716 | 709 | 1,424 | 18.4% |
| Russia | N/A | N/A | N/A | 392 | 0% |
| India | 632 | 485 | 580 | 256 | -26.0% |
| Switzerland | N/A | 11.1 | 28.4 | 93.3 | 189.9% |
| France | 49.7 | 12.5 | 47.4 | 64.1 | 8.9% |
| Spain | N/A | 128 | N/A | N/A | 0% |
| Portugal | N/A | 292 | N/A | N/A | 0% |
| Others | 300 | 279 | 479 | 66.9 | -39.4% |
| Total | 1,842 | 1,924 | 1,843 | 2,296 | 7.6% |
Top Suppliers of Stainless Steel Wire to Egypt in 2022:
- China (217.2 tons)
- Russia (59.7 tons)
- India (39.0 tons)
- Switzerland (14.2 tons)
- France (9.8 tons)
Stainless Steel Wire Exports in Egypt
Stainless steel wire exports from Egypt soared to 30 tons in 2022, picking up by 141% compared with 2021 figures. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, stainless steel wire exports skyrocketed to $235K in 2022. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel Wire in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Jordan | 32.2 | 100 | 210.6% | ||
| Saudi Arabia | N/A | 78.5 | 0% | ||
| Zimbabwe | N/A | 27.5 | 0% | ||
| Brazil | N/A | 21.5 | 0% | ||
| United States | N/A | 7.8 | 0% | ||
| Morocco | 37.4 | N/A | 0% | ||
| Lebanon | 9.0 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 78.6 | 235 | 199.0% | ||
Top Export Markets for Stainless Steel Wire from Egypt in 2022:
- Jordan (12.9 tons)
- Saudi Arabia (10.1 tons)
- Zimbabwe (3.5 tons)
- Brazil (2.8 tons)
- United States (1.0 tons)
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