Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Morocco - 2023

Contents:

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

Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Morocco (CIF) - 2023

In June 2023, the average import price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds amounted to $2,441 per ton, shrinking by -9.5% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 104% month-to-month. As a result, import price attained the peak level of $5,633 per ton. From May 2023 to June 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was Spain ($2,599 per ton), while the price for China ($1,942 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Morocco (FOB) - 2022

In 2022, the average export price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds amounted to $6,864 per ton, which is down by -60.9% against the previous year. In general, the export price, however, saw a moderate expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 175%. The export price peaked at $25,096 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($10,929 per ton), while the average price for exports to Cote d'Ivoire ($2,326 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 Slovenia (+172.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Morocco

In 2022, approx. 1.6K tons of stainless steel, flat-rolled, width less than 600mm, cold-rolleds were imported into Morocco; shrinking by -9% compared with the year before. In general, imports continue to indicate a deep slump. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year.

In value terms, imports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds soared to $5M in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled to Morocco in 2022:

1. Spain (743.0 tons)
2. Turkey (261.1 tons)
3. Italy (240.1 tons)
4. China (123.3 tons)
5. Taiwan (Chinese) (120.1 tons)
6. South Africa (33.5 tons)
7. Netherlands (30.0 tons)
8. Belgium (15.1 tons)

Exports of Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Morocco

In 2022, exports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds from Morocco soared to 4.5 tons, jumping by 734% compared with 2021 figures. Over the period under review, exports posted 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, width less than 600mm, cold-rolleds surged to $31K in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled from Morocco in 2022:

1. France (1941.0 kg)
2. Mauritania (1553.0 kg)
3. Italy (834.0 kg)
4. Cote d'Ivoire (82.0 kg)

Source: IndexBox Market Intelligence Platform