Price for Stainless Steel in Ingots or Other Primary Forms in Estonia - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Estonia (CIF) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Estonia (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Estonia
- Exports of Stainless Steel in Ingots or Other Primary Forms in Estonia
Price for Stainless Steel in Ingots or Other Primary Forms in Estonia (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $69,764 per ton, increasing by 762% against the previous year. Over the period under review, the import price recorded a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Azerbaijan ($62,493 per ton), while the price for Finland ($4,073 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel in Ingots or Other Primary Forms in Estonia (FOB) - 2022
The average export price for stainless steel in ingots or other primary forms stood at $4,634 per ton in 2022, waning by -72.8% against the previous year. Over the period under review, the export price recorded a perceptible shrinkage. The growth pace was the most rapid in 2019 when the average export price increased by 223% against the previous year. The export price peaked at $17,064 per ton in 2021, and then reduced markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($74,167 per ton), while the average price for exports to Sweden ($2,978 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 Germany (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel in Ingots or Other Primary Forms in Estonia
In 2022, imports of stainless steel in ingots or other primary forms into Estonia shrank sharply to 28 tons, with a decrease of -15.3% against the previous year's figure. Overall, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 76%.
In value terms, imports of stainless steel in ingots or other primary forms skyrocketed to $1.9M in 2022. In general, imports, however, saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel in Ingots or Other Primary Forms in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Azerbaijan | N/A | N/A | N/A | 1,601 | 0% |
| Sweden | 67.4 | 72.9 | 103 | 177 | 38.0% |
| Denmark | 16.7 | 45.3 | 23.1 | 57.9 | 51.4% |
| Finland | 7.3 | 10.3 | 44.8 | 40.6 | 77.2% |
| Latvia | 0.2 | N/A | 7.5 | 21.6 | 376.2% |
| Lithuania | 1.2 | 5.8 | 10.9 | 11.5 | 112.4% |
| Italy | 12.1 | 4.1 | 13.6 | 9.9 | -6.5% |
| Germany | 123 | 87.8 | 37.5 | 9.1 | -58.0% |
| Poland | N/A | 81.6 | 8.5 | 5.8 | -73.3% |
| Others | 30.2 | 5.3 | 18.2 | 14.0 | -22.6% |
| Total | 258 | 313 | 267 | 1,948 | 96.2% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Estonia in 2022:
- Azerbaijan (25.6 tons)
- Finland (10.0 tons)
- Sweden (4.1 tons)
- Lithuania (1.8 tons)
- Denmark (1.6 tons)
- Latvia (1.4 tons)
- Italy (1.3 tons)
- Poland (1.0 tons)
- Germany (0.3 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Estonia
In 2022, shipments abroad of stainless steel in ingots or other primary forms was finally on the rise to reach 46 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of stainless steel in ingots or other primary forms reduced notably to $214K in 2022. Overall, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. As a result, the exports attained the peak of $331K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Stainless Steel in Ingots or Other Primary Forms in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 152 | 112 | 161 | 107 | -11.0% |
| Panama | N/A | N/A | N/A | 30.0 | 0% |
| Denmark | N/A | N/A | 45.5 | 23.7 | -47.9% |
| Finland | 120 | 86.0 | 24.2 | 18.4 | -46.5% |
| Lithuania | 0.7 | 97.6 | 9.1 | 11.7 | 155.7% |
| Germany | N/A | N/A | 7.3 | 10.7 | 46.6% |
| Italy | N/A | 32.7 | N/A | N/A | 0% |
| Others | 3.7 | 2.9 | 46.5 | 12.4 | 49.6% |
| Total | 276 | 331 | 293 | 214 | -8.1% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Estonia in 2022:
- Sweden (36.0 tons)
- Panama (2.7 tons)
- Finland (2.7 tons)
- Lithuania (1.6 tons)
- Denmark (0.8 tons)
- Germany (0.8 tons)
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