Price for Steel Alloy Wire of Silico-Manganese Steel in Libya - 2022
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Libya (CIF) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Libya
Price for Steel Alloy Wire of Silico-Manganese Steel in Libya (CIF) - 2022
The average import price for steel alloy wire of silico-manganese steels stood at $1,678 per ton in 2022, surging by 18% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel alloy wire of silico-manganese steels decreased by -24.1% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 40% against the previous year. As a result, import price attained the peak level of $2,212 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($29,067 per ton), while the price for China ($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 (+3.3%), while the prices for the other major suppliers experienced a decline.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Libya
In 2022, approx. 54 tons of steel alloy wire of silico-manganese steels were imported into Libya; increasing by 137% against 2021 figures. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel alloy wire of silico-manganese steels soared to $91K in 2022. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 13.4 | 16.4 | 15.9 | 38.9 | 42.7% |
| Turkey | 15.5 | 7.0 | 2.1 | 24.8 | 17.0% |
| Italy | 3.0 | 2.3 | 8.7 | 19.1 | 85.3% |
| Tunisia | 1.7 | 2.5 | 2.0 | 4.2 | 35.2% |
| China | 0.8 | 2.4 | 3.3 | 2.7 | 50.0% |
| Others | 0.5 | 0.3 | 0.8 | 1.6 | 47.4% |
| Total | 34.9 | 30.8 | 32.8 | 91.3 | 37.8% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Libya in 2022:
- Turkey (27.0 tons)
- Italy (20.1 tons)
- China (2.9 tons)
- Tunisia (2.5 tons)
- United Kingdom (1.3 tons)
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