Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Iran - 2022
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Iran (CIF) - 2022
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Iran (FOB) - 2022
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Iran
- Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Iran
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Iran (CIF) - 2022
The average import price for stainless steel; flat-rolled products of width less than 600mms stood at $3,356 per ton in 2022, rising by 29% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 the United Arab Emirates ($7,919 per ton), while the price for Sweden ($522 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Iran (FOB) - 2022
In 2022, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $2,799 per ton, increasing by 4.1% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for stainless steel; flat-rolled products of width less than 600mms increased by +70.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 64%. Over the period under review, the average export prices hit record highs at $3,244 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($12,573 per ton), while the average price for exports to Iraq ($2,038 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 Armenia (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Iran
In 2022, supplies from abroad of stainless steel; flat-rolled products of width less than 600mms decreased by -57.4% to 2.5K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 39%. As a result, imports attained the peak of 5.9K tons, and then shrank remarkably in the following year.
In value terms, imports of stainless steel; flat-rolled products of width less than 600mms shrank sharply to $8.4M in 2022. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. As a result, imports reached the peak of $15M, and then shrank rapidly in the following year.
| Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.7 | 5.3 | 8.6 | 4.9 | -4.9% |
| Taiwan (Chinese) | 0.5 | 0.1 | 1.1 | 0.6 | 6.3% |
| United Arab Emirates | 0.3 | 0.5 | 1.1 | 0.6 | 26.0% |
| Italy | 0.4 | 0.3 | 0.7 | 0.4 | 0.0% |
| India | 0.8 | 0.5 | 0.5 | 0.4 | -20.6% |
| South Korea | 1.6 | 1.6 | 1.3 | 0.4 | -37.0% |
| Turkey | 0.3 | 0.6 | 0.6 | 0.3 | 0.0% |
| Spain | 0.1 | 0.3 | 0.1 | 0.1 | 0.0% |
| Sweden | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Others | 0.8 | 0.7 | 1.1 | 0.5 | -14.5% |
| Total | 10.8 | 9.9 | 15.4 | 8.4 | -8.0% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Iran in 2022:
- China (1587.9 tons)
- Taiwan (Chinese) (269.2 tons)
- South Korea (122.9 tons)
- Italy (110.3 tons)
- India (95.7 tons)
- Sweden (94.3 tons)
- United Arab Emirates (81.2 tons)
- Turkey (62.5 tons)
- Spain (37.9 tons)
Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Iran
Exports of stainless steel; flat-rolled products of width less than 600mms from Iran surged to 8.6 tons in 2022, growing by 191% compared with the previous year. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of stainless steel; flat-rolled products of width less than 600mms surged to $24K in 2022. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 3.8 | 4.6 | 5.1 | 13.7 | 53.3% |
| Afghanistan | 1.3 | 1.8 | 2.4 | 7.8 | 81.7% |
| Armenia | N/A | 0.1 | 0.3 | 1.8 | 324.3% |
| Others | 0.1 | 0.1 | 0.1 | 0.8 | 100.0% |
| Total | 5.3 | 6.6 | 7.9 | 24.1 | 65.7% |
Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Iran in 2022:
- Iraq (6.7 tons)
- Afghanistan (1.7 tons)
- Armenia (0.1 tons)
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