Price for Steel, Alloy; Semi-Finished Products in Angola - 2022
Contents:
- Price for Steel, Alloy; Semi-Finished Products in Angola (CIF) - 2022
- Imports of Steel, Alloy; Semi-Finished Products in Angola
Price for Steel, Alloy; Semi-Finished Products in Angola (CIF) - 2022
In 2022, the average steel, alloy; semi-finished products import price amounted to $14,996 per ton, growing by 9.3% against the previous year. Overall, the import price enjoyed buoyant growth. The pace of growth was the most pronounced in 2019 an increase of 169% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($201,589 per ton), while the price for China ($1,906 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Steel, Alloy; Semi-Finished Products in Angola
In 2022, overseas purchases of steel, alloy; semi-finished productses decreased by -12.9% to 1.2 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. As a result, imports reached the peak of 1.4 tons, and then contracted in the following year.
In value terms, steel, alloy; semi-finished products imports shrank to $18K in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.1% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 49%.
| Import of Steel, Alloy; Semi-Finished Products in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.0 | 6.6 | 6.6 | 5.4 | 75.4% |
| Namibia | 2.5 | 3.3 | 3.3 | 2.9 | 5.1% |
| Singapore | 1.8 | 2.2 | 2.1 | 1.7 | -1.9% |
| United Kingdom | 2.9 | 0.3 | 1.4 | 1.1 | -27.6% |
| Belgium | 1.3 | 1.5 | 1.2 | 0.9 | -11.5% |
| India | 0.3 | 1.1 | 1.0 | 0.8 | 38.7% |
| Portugal | 0.5 | 0.4 | 0.4 | 0.3 | -15.7% |
| China | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Congo | N/A | N/A | N/A | N/A | 0% |
| Others | 1.4 | 2.1 | 3.3 | 5.1 | 53.9% |
| Total | 11.7 | 17.5 | 19.3 | 18.4 | 16.3% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to Angola in 2022:
- Namibia (832.0 kg)
- Portugal (148.0 kg)
- China (47.0 kg)
- Singapore (35.0 kg)
- United States (27.0 kg)
- Belgium (26.0 kg)
- India (21.0 kg)
- United Kingdom (16.0 kg)
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