Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ireland - 2023

Contents:

1. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ireland (CIF) - 2023
2. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ireland (FOB) - 2022
3. Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ireland
4. Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ireland

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ireland (CIF) - 2023

The average import price for stainless steel; flat-rolled products of width less than 600mms stood at $26,930 per ton in August 2023, surging by 80% against the previous month. In general, the import price continues to indicate resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($65,649 per ton), while the price for Denmark ($3,582 per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by China (+12.9%), 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 Ireland (FOB) - 2022

In 2022, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $7,471 per ton, falling by -33.3% against the previous year. Over the period under review, the export price showed a noticeable descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 188%. As a result, the export price attained the peak level of $32,427 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

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 the UK ($17,487 per ton), while the average price for exports to the United States ($2,788 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 Sweden (+60.0%), 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 Ireland

In 2022, supplies from abroad of stainless steel; flat-rolled products of width less than 600mms decreased by -17.1% to 616 tons, falling for the second consecutive year after two years of growth. In general, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year. As a result, imports attained the peak of 1.1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of stainless steel; flat-rolled products of width less than 600mms fell to $5.2M in 2022. Overall, imports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2020 with an increase of 23% against the previous year. As a result, imports reached the peak of $6.9M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Ireland in 2022:

1. United Kingdom (346.7 tons)
2. Germany (71.5 tons)
3. Italy (44.2 tons)
4. France (35.2 tons)
5. Japan (28.8 tons)
6. China (28.4 tons)
7. Sweden (11.7 tons)
8. Denmark (8.5 tons)

Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ireland

For the fourth year in a row, Ireland recorded growth in overseas shipments of stainless steel; flat-rolled products of width less than 600mms, which increased by 23% to 37 tons in 2022. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 88% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of stainless steel; flat-rolled products of width less than 600mms reduced markedly to $280K in 2022. Overall, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 218%. As a result, the exports attained the peak of $358K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Ireland in 2022:

1. United States (30.2 tons)
2. United Kingdom (2.4 tons)
3. Canada (2.1 tons)
4. Saudi Arabia (0.6 tons)

Source: IndexBox Market Intelligence Platform