Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Pakistan - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Pakistan (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Pakistan (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Pakistan
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Pakistan
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Pakistan (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $593 per ton, therefore, remained relatively stable against the previous year. In general, the import price recorded a pronounced increase. The growth pace was the most rapid in 2019 when the average import price increased by 122% against the previous year. The import price peaked at $942 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Iran amounted to +3.5% per year.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Pakistan (FOB) - 2022
The average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $1,321 per ton in 2022, flattening at the previous year. In general, the export price recorded a measured expansion. The most prominent rate of growth was recorded in 2013 when the average export price decreased by -16.1% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Afghanistan.
From 2012 to 2022, the rate of growth in terms of prices for Afghanistan amounted to +3.8% per year.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Pakistan
After three years of growth, purchases abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s decreased by -99.9% to 16 tons in 2022. Over the period under review, imports continue to indicate a dramatic setback. The growth pace was the most rapid in 2021 with an increase of 8,271%. As a result, imports reached the peak of 23K tons, and then contracted remarkably in the following year.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s fell notably to $9.5K in 2022. Overall, imports recorded a dramatic decline. The most prominent rate of growth was recorded in 2021 when imports increased by 13,885% against the previous year. As a result, imports reached the peak of $14M, and then reduced sharply in the following year.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 0.1 | N/A | 0% |
| Iran | N/A | 0.1 | 12.9 | N/A | 12800.0% |
| United States | N/A | N/A | 0.2 | N/A | 0% |
| Others | N/A | N/A | 0.3 | N/A | 0% |
| Total | N/A | 0.1 | 13.5 | N/A | 13400.0% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Pakistan in 2022:
- China (16.0 tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Pakistan
In 2022, approx. 5.5 tons of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s were exported from Pakistan; which is down by -50% compared with 2021. Overall, exports faced a significant curtailment.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s contracted notably to $7.3K in 2022. In general, exports showed a sharp curtailment.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Afghanistan | 14.0 | 7.2 | -48.6% | ||
| Others | 0.5 | N/A | 0% | ||
| Total | 14.5 | 7.3 | -49.7% | ||
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Pakistan in 2022:
- Afghanistan (5.5 tons)
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