Price for Iron or Steel; Cast Articles in Egypt - 2023

Contents:

1. Price for Iron or Steel; Cast Articles in Egypt (FOB) - 2022
2. Price for Iron or Steel; Cast Articles in Egypt (CIF) - 2023
3. Exports of Iron or Steel; Cast Articles in Egypt
4. Imports of Iron or Steel; Cast Articles in Egypt

Price for Iron or Steel; Cast Articles in Egypt (FOB) - 2022

The average export price for iron or steel; cast articleses stood at $1,791 per ton in 2022, rising by 5.9% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel; cast articles export price decreased by -28.4% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 86%. As a result, the export price attained the peak level of $2,500 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sudan ($2,379 per ton), while the average price for exports to Croatia ($1,448 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Iron or Steel; Cast Articles in Egypt (CIF) - 2023

In May 2023, the average import price for iron or steel; cast articleses amounted to $2,573 per ton, declining by -31.8% against the previous month. Overall, the import price continues to indicate a mild decrease. The most prominent rate of growth was recorded in December 2022 an increase of 45% m-o-m. As a result, import price attained the peak level of $3,826 per ton. From January 2023 to May 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($3,935 per ton), while the price for Thailand ($1,668 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Iron or Steel; Cast Articles in Egypt

Iron or steel; cast articles exports from Egypt expanded markedly to 6.8K tons in 2022, picking up by 5.6% compared with 2021 figures. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 128%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, iron or steel; cast articles exports rose significantly to $12M in 2022. In general, exports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 54%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Iron or Steel; Cast Articles from Egypt in 2022:

1. Spain (1253.6 tons)
2. Sudan (1022.6 tons)
3. Turkey (727.1 tons)
4. United States (672.8 tons)
5. Ghana (475.8 tons)
6. Poland (362.6 tons)
7. Nigeria (271.9 tons)
8. Colombia (260.4 tons)
9. Germany (243.6 tons)
10. Croatia (206.4 tons)
11. Jordan (206.0 tons)
12. United Kingdom (183.1 tons)
13. Italy (43.6 tons)

Imports of Iron or Steel; Cast Articles in Egypt

In 2022, overseas purchases of iron or steel; cast articleses decreased by -25.6% to 1.4K tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. As a result, imports attained the peak of 2.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, iron or steel; cast articles imports reduced to $3.7M in 2022. The total import value increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 39% against the previous year.

Top Suppliers of Iron or Steel; Cast Articles to Egypt in 2022:

1. China (456.9 tons)
2. Thailand (257.6 tons)
3. United Arab Emirates (213.0 tons)
4. France (158.5 tons)
5. India (59.8 tons)
6. Turkey (37.0 tons)
7. Poland (27.0 tons)
8. United Kingdom (26.2 tons)
9. Spain (21.5 tons)
10. United States (17.2 tons)
11. Italy (17.0 tons)

Source: IndexBox Market Intelligence Platform