Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Jordan - 2022

Contents:

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

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Jordan (CIF) - 2022

In 2022, the average import price for stainless steel; flat-rolled products of width less than 600mms amounted to $2,488 per ton, shrinking by -16.2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 54%. The import price peaked at $2,968 per ton in 2021, and then reduced sharply in the following year.

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 Germany ($8,216 per ton), while the price for Japan ($822 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.4%), 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 Jordan (FOB) - 2022

In 2022, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $3,922 per ton, picking up by 27% against the previous year. In general, the export price enjoyed a prominent expansion. The pace of growth was the most pronounced in 2018 an increase of 152% against the previous year. As a result, the export price reached the peak level of $4,356 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Free Zones ($18,717 per ton), while the average price for exports to Saudi Arabia ($1,354 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 Free Zones (+14.5%), 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 Jordan

For the third year in a row, Jordan recorded decline in supplies from abroad of stainless steel; flat-rolled products of width less than 600mms, which decreased by -6.3% to 319 tons in 2022. Overall, imports recorded a deep slump. The smallest decline of -2.3% was in 2021.

In value terms, imports of stainless steel; flat-rolled products of width less than 600mms contracted markedly to $793K in 2022. In general, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 4.9%.

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

1. Free Zones (146.8 tons)
2. Taiwan (Chinese) (71.8 tons)
3. Sweden (39.5 tons)
4. China (19.2 tons)
5. Japan (9.5 tons)
6. Saudi Arabia (9.3 tons)
7. Turkey (6.4 tons)
8. Israel (0.9 tons)

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

In 2022, overseas shipments of stainless steel; flat-rolled products of width less than 600mms decreased by -11.7% to 61 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 540%. As a result, the exports reached the peak of 104 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of stainless steel; flat-rolled products of width less than 600mms expanded notably to $239K in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 275% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. Iraq (54.2 tons)
2. Free Zones (6.4 tons)

Source: IndexBox Market Intelligence Platform