Price for Stainless Steel in Ingots or Other Primary Forms in Brazil - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Brazil (FOB) - 2023
- Price for Stainless Steel in Ingots or Other Primary Forms in Brazil (CIF) - 2022
- Exports of Stainless Steel in Ingots or Other Primary Forms in Brazil
- Imports of Stainless Steel in Ingots or Other Primary Forms in Brazil
Price for Stainless Steel in Ingots or Other Primary Forms in Brazil (FOB) - 2023
The average export price for stainless steel in ingots or other primary forms stood at $56,585 per ton in September 2023, with an increase of 8.5% against the previous month. In general, the export price posted a tangible increase. The pace of growth was the most pronounced in June 2023 when the average export price increased by 209% m-o-m. As a result, the export price attained the peak level of $197K per ton. From July 2023 to September 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 UK ($155K per ton), while the average price for exports to the United States ($28,348 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+13.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Stainless Steel in Ingots or Other Primary Forms in Brazil (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $28,309 per ton, jumping by 146% against the previous year. Over the period under review, the import price saw buoyant growth. The pace of growth was the most pronounced in 2018 an increase of 269%. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($49,179 per ton), while the price for Italy ($6,796 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.8%), 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 Brazil
In 2022, shipments abroad of stainless steel in ingots or other primary forms decreased by -1.9% to 81 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 160% against the previous year. As a result, the exports reached the peak of 111 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of stainless steel in ingots or other primary forms soared to $28M in 2022. In general, exports, however, saw a significant 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 Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | N/A | N/A | 27.9 | 0% |
| Canada | N/A | 0.2 | 0.3 | 0.1 | -29.3% |
| Spain | 0.3 | 0.5 | N/A | N/A | 66.7% |
| Argentina | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| Total | 0.5 | 0.8 | 0.4 | 28.4 | 284.4% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Brazil in 2022:
- Belgium (598.9 tons)
- Canada (36.9 tons)
- Argentina (10.6 tons)
Imports of Stainless Steel in Ingots or Other Primary Forms in Brazil
In 2022, imports of stainless steel in ingots or other primary forms into Brazil shrank markedly to 53 tons, declining by -60.7% on the previous year. Over the period under review, imports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 25%.
In value terms, imports of stainless steel in ingots or other primary forms fell modestly to $1.5M in 2022. Overall, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 26%.
| Import of Stainless Steel in Ingots or Other Primary Forms in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | 6.7 | 193 | 582 | 832.0% |
| United States | 875 | 597 | 495 | 363 | -25.4% |
| China | 382 | 68.9 | 377 | 228 | -15.8% |
| Germany | 194 | 315 | 118 | 164 | -5.4% |
| Japan | 0.7 | N/A | 21.3 | 48.3 | 310.2% |
| Malaysia | 2.5 | N/A | N/A | 31.8 | 133.4% |
| United Kingdom | 544 | 57.9 | 3.9 | 8.9 | -74.6% |
| Italy | 63.5 | 80.9 | 70.1 | 6.6 | -53.0% |
| Sweden | 105 | 18.6 | 193 | N/A | 35.6% |
| Others | 126 | 92.4 | 83.9 | 69.1 | -18.1% |
| Total | 2,293 | 1,237 | 1,555 | 1,502 | -13.2% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Brazil in 2022:
- China (15.7 tons)
- Belgium (11.8 tons)
- United States (9.9 tons)
- Germany (9.1 tons)
- Japan (2.5 tons)
- Malaysia (1.8 tons)
- Italy (1.0 tons)
- United Kingdom (0.3 tons)
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