Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Sri Lanka - 2022

Contents:

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

Price for Stainless Steel, Flat-Rolled, Width Less than 600mm, Cold-Rolled in Sri Lanka (CIF) - 2022

In 2022, the average import price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds amounted to $2,510 per ton, falling by -1.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 42% against the previous year. As a result, import price attained the peak level of $2,551 per ton, and then contracted modestly 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 the UK ($23,122 per ton), while the price for Japan ($1,439 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for stainless steel, flat-rolled, width less than 600mm, cold-rolleds stood at $3,387 per ton in 2022, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2019 when the average export price increased by 4.6%. The export price peaked at $3,438 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +2.2% per year.

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

In 2022, supplies from abroad of stainless steel, flat-rolled, width less than 600mm, cold-rolleds decreased by -43.5% to 146 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a sharp descent. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. As a result, imports reached the peak of 418 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds shrank significantly to $365K in 2022. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 11% against the previous year. As a result, imports reached the peak of $754K. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. China (80.3 tons)
2. India (44.3 tons)
3. Japan (7.5 tons)
4. Taiwan (Chinese) (4.8 tons)
5. United Kingdom (2.6 tons)

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

In 2022, exports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds from Sri Lanka contracted to 239 kg, with a decrease of -13.7% on 2021. In general, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 38%.

In value terms, exports of stainless steel, flat-rolled, width less than 600mm, cold-rolleds fell to $810 in 2022. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year.

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

1. Maldives (239.0 kg)

Source: IndexBox Market Intelligence Platform