Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Spain - 2023
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Spain (FOB) - 2023
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Spain (CIF) - 2023
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Spain
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Spain
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Spain (FOB) - 2023
The average export price for stainless steel bars and rods, angles, shapes and sectionses stood at $4,816 per ton in October 2023, shrinking by -2.6% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 7.3% against the previous month. Over the period under review, the average export prices attained the peak figure at $6,042 per ton in April 2023; however, from May 2023 to October 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In October 2023, the highest price was recorded for prices to the United States ($5,835 per ton) and the UK ($5,014 per ton), while the average price for exports to the Netherlands ($4,040 per ton) and Switzerland ($4,370 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Spain (CIF) - 2023
In October 2023, the average import price for stainless steel bars and rods, angles, shapes and sectionses amounted to $4,159 per ton, declining by -4.4% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average import price increased by 51% against the previous month. Over the period under review, average import prices attained the peak figure at $6,221 per ton in March 2023; however, from April 2023 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Sweden ($6,829 per ton), while the price for Luxembourg ($3,172 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Spain
In 2022, the amount of stainless steel bars and rods, angles, shapes and sectionses exported from Spain reduced modestly to 115K tons, falling by -1.5% on the previous year. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 9.7%. As a result, the exports attained the peak of 117K tons, and then declined slightly in the following year.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses soared to $610M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 151 | 143 | 206 | 278 | 22.6% |
| Italy | 68.9 | 61.7 | 73.8 | 108 | 16.2% |
| United Kingdom | 55.0 | 39.5 | 55.7 | 69.0 | 7.9% |
| France | 20.4 | 16.3 | 27.7 | 34.4 | 19.0% |
| United States | 3.8 | 4.7 | 10.5 | 18.9 | 70.7% |
| Switzerland | 7.4 | 6.5 | 8.2 | 15.1 | 26.8% |
| Sweden | 11.3 | 7.3 | 10.8 | 13.8 | 6.9% |
| Portugal | 9.3 | 8.1 | 9.4 | 12.1 | 9.2% |
| Denmark | 8.1 | 5.3 | 6.8 | 8.3 | 0.8% |
| Netherlands | 5.7 | 5.1 | 4.4 | 7.5 | 9.6% |
| Canada | 6.3 | 6.2 | 6.1 | 7.2 | 4.6% |
| Others | 29.7 | 33.0 | 34.2 | 37.1 | 7.7% |
| Total | 377 | 336 | 453 | 610 | 17.4% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Spain in 2022:
- Germany (50.4K tons)
- Italy (20.9K tons)
- United Kingdom (13.4K tons)
- France (6.4K tons)
- United States (3.7K tons)
- Switzerland (2.8K tons)
- Portugal (2.4K tons)
- Sweden (2.2K tons)
- Netherlands (1.9K tons)
- Canada (1.8K tons)
- Denmark (1.6K tons)
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Spain
In 2022, the amount of stainless steel bars and rods, angles, shapes and sectionses imported into Spain shrank to 33K tons, dropping by -14% on 2021. Over the period under review, imports saw a pronounced descent. The growth pace was the most rapid in 2021 when imports increased by 33%. As a result, imports reached the peak of 38K tons, and then fell in the following year.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses reduced to $147M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +7.6% 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 +48.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. As a result, imports reached the peak of $149M, and then fell slightly in the following year.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 42.2 | 41.7 | 65.6 | 49.3 | 5.3% |
| Germany | 18.3 | 15.6 | 22.7 | 27.2 | 14.1% |
| India | 22.9 | 11.2 | 16.1 | 21.9 | -1.5% |
| China | 4.1 | 5.1 | 14.5 | 18.6 | 65.5% |
| France | 10.4 | 8.8 | 14.1 | 13.5 | 9.1% |
| Sweden | 3.6 | 2.5 | 3.9 | 3.7 | 0.9% |
| Luxembourg | 3.4 | 4.0 | 4.9 | 2.7 | -7.4% |
| Others | 12.8 | 9.5 | 7.7 | 9.7 | -8.8% |
| Total | 118 | 98.5 | 149 | 147 | 7.6% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Spain in 2022:
- Germany (9.6K tons)
- Italy (8.6K tons)
- India (5.6K tons)
- China (4.6K tons)
- France (2.0K tons)
- Luxembourg (0.7K tons)
- Sweden (0.6K tons)
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