Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Luxembourg - 2023
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Luxembourg (FOB) - 2023
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Luxembourg (CIF) - 2022
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Luxembourg
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Luxembourg
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Luxembourg (FOB) - 2023
In October 2023, the average export price for stainless steel bars and rods, angles, shapes and sectionses amounted to $3,583 per ton, growing by 9.6% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The export price peaked at $4,009 per ton in February 2023; however, from March 2023 to October 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Norway ($5,146 per ton), while the average price for exports to the UK ($2,977 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.2%), while the prices for the other major destinations experienced a decline.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Luxembourg (CIF) - 2022
In 2022, the average import price for stainless steel bars and rods, angles, shapes and sectionses amounted to $1,327 per ton, falling by -24.9% against the previous year. Over the period under review, the import price saw a noticeable reduction. The growth pace was the most rapid in 2016 an increase of 25%. As a result, import price attained the peak level of $1,958 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($6,073 per ton), while the price for Germany ($736 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-1.3%), while the prices for the other major suppliers experienced a decline.
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Luxembourg
In 2022, overseas shipments of stainless steel bars and rods, angles, shapes and sectionses decreased by -38.4% to 10K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 9.5%. As a result, the exports attained the peak of 17K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses declined rapidly to $45M in 2022. In general, total exports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +5.6% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 39% against the previous year. As a result, the exports reached the peak of $60M, and then contracted notably in the following year.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 19.6 | 19.6 | 27.9 | 21.5 | 3.1% |
| France | 4.1 | 3.4 | 6.3 | 3.5 | -5.1% |
| Netherlands | 3.2 | 3.8 | 3.6 | 3.4 | 2.0% |
| United Kingdom | 1.8 | 1.6 | 3.4 | 3.2 | 21.1% |
| Spain | 3.8 | 3.9 | 4.7 | 2.7 | -10.8% |
| Belgium | 2.6 | 2.8 | 3.3 | 2.3 | -4.0% |
| Czech Republic | 0.8 | 0.5 | 1.7 | 1.3 | 17.6% |
| Austria | 1.8 | 1.3 | 2.3 | 1.3 | -10.3% |
| Poland | 0.8 | 2.5 | 2.5 | 1.2 | 14.5% |
| Sweden | 1.0 | 1.0 | 1.2 | 1.1 | 3.2% |
| Others | 2.9 | 2.9 | 3.5 | 3.4 | 5.4% |
| Total | 42.4 | 43.4 | 60.3 | 44.8 | 1.9% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Luxembourg in 2022:
- Germany (4739.4 tons)
- Netherlands (827.6 tons)
- Belgium (793.5 tons)
- France (760.6 tons)
- United Kingdom (675.2 tons)
- Spain (661.8 tons)
- Czech Republic (405.9 tons)
- Austria (271.3 tons)
- Poland (270.3 tons)
- Sweden (213.8 tons)
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Luxembourg
In 2022, the amount of stainless steel bars and rods, angles, shapes and sectionses imported into Luxembourg soared to 7.8K tons, jumping by 86% on 2021. In general, imports showed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses soared to $10M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +5.2% 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 +66.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.5 | 4.3 | 4.6 | 4.5 | -6.5% |
| Netherlands | 0.2 | 0.3 | 0.4 | 2.5 | 132.1% |
| France | 0.7 | 0.4 | 1.7 | 1.1 | 16.3% |
| Belgium | 0.6 | 0.7 | 0.6 | 0.7 | 5.3% |
| South Korea | N/A | N/A | N/A | 0.5 | 0% |
| Others | 1.9 | 0.5 | 0.2 | 1.0 | -19.3% |
| Total | 8.9 | 6.2 | 7.4 | 10.3 | 5.0% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Luxembourg in 2022:
- Germany (6.2K tons)
- France (0.6K tons)
- Netherlands (0.4K tons)
- Belgium (0.2K tons)
- South Korea (0.2K tons)
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