Price for Iron or Steel; Cast Articles in Singapore - 2022
Contents:
- Price for Iron or Steel; Cast Articles in Singapore (CIF) - 2022
- Price for Iron or Steel; Cast Articles in Singapore (FOB) - 2022
- Imports of Iron or Steel; Cast Articles in Singapore
- Exports of Iron or Steel; Cast Articles in Singapore
Price for Iron or Steel; Cast Articles in Singapore (CIF) - 2022
The average import price for iron or steel; cast articleses stood at $2,517 per ton in 2022, jumping by 20% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $2,961 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
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 Japan ($4,510 per ton), while the price for Indonesia ($1,704 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Cast Articles in Singapore (FOB) - 2022
In 2022, the average export price for iron or steel; cast articleses amounted to $2,359 per ton, growing by 17% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 increased by +127.8% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 50%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($2,363 per ton), while the average price for exports to India ($958 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 Indonesia (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Steel; Cast Articles in Singapore
In 2022, after two years of decline, there was growth in supplies from abroad of iron or steel; cast articleses, when their volume increased by 2.2% to 28K tons. Overall, imports, however, recorded a drastic downturn.
In value terms, iron or steel; cast articles imports surged to $69M in 2022. Over the period under review, imports, however, showed a abrupt shrinkage.
| Import of Iron or Steel; Cast Articles in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.0 | 17.8 | 29.6 | 30.8 | 19.6% |
| India | 12.2 | 5.3 | 2.0 | 10.9 | -3.7% |
| Indonesia | 14.9 | 7.9 | 3.6 | 4.1 | -35.0% |
| Malaysia | 2.3 | 1.6 | 2.8 | 3.9 | 19.2% |
| Japan | 10.6 | 0.4 | 0.1 | 3.0 | -34.3% |
| Thailand | 2.1 | 1.7 | 2.5 | 2.6 | 7.4% |
| South Korea | 1.6 | 3.1 | 1.1 | 2.0 | 7.7% |
| Italy | 3.0 | 2.8 | 2.4 | 1.6 | -18.9% |
| Vietnam | 0.7 | 0.6 | 0.8 | 1.2 | 19.7% |
| Germany | 14.7 | 9.0 | 0.9 | 0.4 | -69.9% |
| Others | 9.4 | 10.9 | 10.4 | 8.9 | -1.8% |
| Total | 89.6 | 61.2 | 56.4 | 69.3 | -8.2% |
Top Suppliers of Iron or Steel; Cast Articles to Singapore in 2022:
- Germany (undefinedK tons)
- China (14.8K tons)
- India (3.4K tons)
- Indonesia (2.4K tons)
- Malaysia (2.2K tons)
- South Korea (0.9K tons)
- Thailand (0.9K tons)
- Japan (0.7K tons)
- Vietnam (0.6K tons)
- Italy (0.4K tons)
Exports of Iron or Steel; Cast Articles in Singapore
In 2022, overseas shipments of iron or steel; cast articleses increased by 6.9% to 21K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a deep downturn.
In value terms, iron or steel; cast articles exports surged to $51M in 2022. In general, exports, however, showed a deep slump.
| Export of Iron or Steel; Cast Articles in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 53.0 | 37.5 | 30.7 | 41.2 | -8.1% |
| Malaysia | 2.0 | 2.6 | 4.0 | 3.0 | 14.5% |
| Vietnam | 3.1 | 0.8 | 0.3 | 0.8 | -36.3% |
| India | 1.1 | 1.0 | 0.5 | 0.6 | -18.3% |
| Others | 10.4 | 6.8 | 5.0 | 5.0 | -21.7% |
| Total | 69.6 | 48.6 | 40.4 | 50.6 | -10.1% |
Top Export Markets for Iron or Steel; Cast Articles from Singapore in 2022:
- Indonesia (17.4K tons)
- Malaysia (2.1K tons)
- India (0.6K tons)
- Vietnam (0.4K tons)
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