Price for Stainless Steel in Ingots or Other Primary Forms in Australia - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Australia (FOB) - 2023
- Price for Stainless Steel in Ingots or Other Primary Forms in Australia (CIF) - 2022
- Exports of Stainless Steel in Ingots or Other Primary Forms in Australia
- Imports of Stainless Steel in Ingots or Other Primary Forms in Australia
Price for Stainless Steel in Ingots or Other Primary Forms in Australia (FOB) - 2023
The average export price for stainless steel in ingots or other primary forms stood at $17,334 per ton in August 2023, waning by -2.8% against the previous month. In general, export price indicated a noticeable expansion from September 2022 to August 2023: its price increased at an average monthly rate of +2.4% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, export price for stainless steel in ingots or other primary forms decreased by -2.8% against July 2023 indices. The most prominent rate of growth was recorded in February 2023 an increase of 45% against the previous month. As a result, the export price attained the peak level of $18,946 per ton. From March 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($20,411 per ton), while the average price for exports to Papua New Guinea amounted to $4,936 per ton.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Stainless Steel in Ingots or Other Primary Forms in Australia (CIF) - 2022
The average import price for stainless steel in ingots or other primary forms stood at $7,696 per ton in 2022, jumping by 210% against the previous year. Over the period under review, the import price recorded resilient growth. Over the period under review, average import prices reached the peak figure at $8,020 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($54,889 per ton), while the price for the United States ($4,320 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) (+43.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Stainless Steel in Ingots or Other Primary Forms in Australia
In 2022, the amount of stainless steel in ingots or other primary forms exported from Australia skyrocketed to 799 tons, picking up by 29% on 2021. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 68% 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 in ingots or other primary forms skyrocketed to $10M in 2022. Over the period under review, exports recorded a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel in Ingots or Other Primary Forms in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.9 | 4.0 | 4.7 | 8.2 | 18.7% |
| Italy | 0.5 | 0.4 | 0.6 | 1.8 | 53.3% |
| Papua New Guinea | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| New Zealand | 0.2 | 0.3 | 0.4 | 0.1 | -20.6% |
| Others | 0.3 | 0.1 | 0.3 | 0.1 | -30.7% |
| Total | 6.1 | 4.9 | 6.2 | 10.3 | 19.1% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Australia in 2022:
- United States (626.1 tons)
- Italy (135.8 tons)
- Papua New Guinea (30.2 tons)
- New Zealand (29.4 tons)
Imports of Stainless Steel in Ingots or Other Primary Forms in Australia
In 2022, overseas purchases of stainless steel in ingots or other primary forms decreased by -31.7% to 99 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 168% against the previous year.
In value terms, imports of stainless steel in ingots or other primary forms soared to $760K in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 122%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Stainless Steel in Ingots or Other Primary Forms in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 37.3 | 54.9 | 53.8 | 394 | 119.4% |
| China | 40.9 | 58.5 | 50.9 | 293 | 92.8% |
| United Kingdom | 9.5 | 4.1 | 1.1 | 53.3 | 77.7% |
| Sweden | N/A | N/A | 46.5 | N/A | 0% |
| Slovenia | N/A | N/A | 9.0 | N/A | 0% |
| Italy | 16.7 | 215 | 178 | N/A | 226.5% |
| Others | 53.8 | 18.3 | 19.0 | 20.0 | -28.1% |
| Total | 158 | 351 | 358 | 760 | 68.8% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Australia in 2022:
- United States (91.2 tons)
- China (26.3 tons)
- United Kingdom (2.1 tons)
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