Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Ethiopia - 2022
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Ethiopia (CIF) - 2022
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Ethiopia
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Ethiopia (CIF) - 2022
The average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $1,311 per ton in 2022, reducing by -73.2% against the previous year. Overall, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 77% against the previous year. As a result, import price reached the peak level of $6,415 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($4,089 per ton), while the price for South Africa ($771 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+154.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Ethiopia
Imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia into Ethiopia soared to 29 tons in 2022, picking up by 1,629% compared with the year before. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia surged to $38K in 2022. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 496%. As a result, imports reached the peak of $67K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 17.9 | 0.4 | 19.4 | 4.1% |
| South Africa | N/A | 0.5 | 0.2 | 18.9 | 514.8% |
| Belgium | 7.2 | 40.2 | 7.1 | N/A | -0.7% |
| Italy | 2.6 | 4.4 | 0.3 | N/A | -66.0% |
| Turkey | 0.2 | 0.9 | 0.1 | N/A | -29.3% |
| Others | 1.2 | 3.2 | 0.2 | N/A | -59.2% |
| Total | 11.3 | 67.1 | 8.3 | 38.3 | 50.2% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Ethiopia in 2022:
- South Africa (24.5 tons)
- China (4.8 tons)
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