Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ireland - 2023
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ireland (CIF) - 2023
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ireland (FOB) - 2022
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ireland
- 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.
Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ireland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 2,640 | 4,316 | 3,722 | 2,120 | -7.1% |
Germany | 186 | 451 | 483 | 750 | 59.2% |
Sweden | 173 | 395 | 360 | 331 | 24.1% |
Japan | 136 | 129 | 200 | 230 | 19.1% |
Italy | 217 | 136 | 135 | 221 | 0.6% |
France | N/A | 13.8 | 0.2 | 202 | 282.6% |
Denmark | 64.9 | 114 | 141 | 120 | 22.7% |
China | 277 | 9.9 | 99.0 | 110 | -26.5% |
Others | 1,877 | 1,292 | 889 | 1,107 | -16.1% |
Total | 5,572 | 6,856 | 6,030 | 5,190 | -2.3% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Ireland in 2022:
- United Kingdom (346.7 tons)
- Germany (71.5 tons)
- Italy (44.2 tons)
- France (35.2 tons)
- Japan (28.8 tons)
- China (28.4 tons)
- Sweden (11.7 tons)
- 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.
Export of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Ireland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 7.5 | 10.5 | 28.2 | 84.3 | 124.0% |
United Kingdom | 46.4 | 11.1 | 72.5 | 42.4 | -3.0% |
Canada | 0.3 | N/A | 51.7 | 9.3 | 214.1% |
Saudi Arabia | 0.1 | N/A | N/A | 6.3 | 297.9% |
Russia | 39.4 | N/A | N/A | N/A | 0% |
Sweden | 0.4 | 306 | N/A | N/A | 76400.0% |
Others | 18.7 | 30.4 | 189 | 137 | 94.2% |
Total | 113 | 358 | 342 | 280 | 35.3% |
Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Ireland in 2022:
- United States (30.2 tons)
- United Kingdom (2.4 tons)
- Canada (2.1 tons)
- Saudi Arabia (0.6 tons)
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