Price for Stainless Steel in Ingots or Other Primary Forms in Pakistan - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Pakistan (FOB) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Pakistan (CIF) - 2022
- Exports of Stainless Steel in Ingots or Other Primary Forms in Pakistan
- Imports of Stainless Steel in Ingots or Other Primary Forms in Pakistan
Price for Stainless Steel in Ingots or Other Primary Forms in Pakistan (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $2,794 per ton, growing by 19% against the previous year. Overall, the export price saw a prominent increase. The pace of growth was the most pronounced in 2021 an increase of 295%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Brazil.
From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +116.0% per year.
Price for Stainless Steel in Ingots or Other Primary Forms in Pakistan (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $1,927 per ton, growing by 6.1% against the previous year. Overall, the import price enjoyed prominent growth. The growth pace was the most rapid in 2018 an increase of 130% against the previous year. Over the period under review, average import prices attained the peak figure at $3,185 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($2,233 per ton), while the price for Luxembourg totaled $1,539 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Stainless Steel in Ingots or Other Primary Forms in Pakistan
Exports of stainless steel in ingots or other primary forms from Pakistan dropped dramatically to 8 tons in 2022, shrinking by -57.9% on the year before. In general, exports showed a significant contraction.
In value terms, exports of stainless steel in ingots or other primary forms shrank significantly to $22K in 2022. Overall, exports faced a sharp downturn. The smallest decline of -17.5% was in 2021.
| Export of Stainless Steel in Ingots or Other Primary Forms in Pakistan (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| Brazil | 25.5 | 44.6 | 22.4 | -6.3% |
| Saudi Arabia | 28.5 | N/A | N/A | 0% |
| Others | 0.2 | N/A | N/A | 0% |
| Total | 54.1 | 44.6 | 22.4 | -35.7% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Pakistan in 2022:
- Brazil (8.0 tons)
Imports of Stainless Steel in Ingots or Other Primary Forms in Pakistan
In 2022, supplies from abroad of stainless steel in ingots or other primary forms decreased by -98.7% to 492 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 179% against the previous year. As a result, imports attained the peak of 37 tons, and then shrank significantly in the following year.
In value terms, imports of stainless steel in ingots or other primary forms dropped dramatically to $948 in 2022. Overall, imports faced a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 95% against the previous year. As a result, imports attained the peak of $67K, and then fell remarkably in the following year.
| Import of Stainless Steel in Ingots or Other Primary Forms in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | 0.2 | 0.8 | 0.6 | 73.2% |
| Luxembourg | 0.3 | 0.4 | N/A | 0.3 | 0.0% |
| South Korea | N/A | N/A | 7.8 | N/A | 0% |
| China | 26.1 | 1.1 | N/A | N/A | -95.8% |
| Malaysia | N/A | N/A | 34.4 | N/A | 0% |
| United Arab Emirates | 1.8 | 22.8 | 9.6 | N/A | 130.9% |
| Others | N/A | 9.6 | 14.1 | N/A | 46.9% |
| Total | 28.2 | 34.2 | 66.8 | 0.9 | -68.3% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Pakistan in 2022:
- Belgium (275.0 kg)
- Luxembourg (217.0 kg)
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