Price for Stainless Steel in Ingots or Other Primary Forms in Russia - 2022
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Russia (FOB) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Russia (CIF) - 2022
- Exports of Stainless Steel in Ingots or Other Primary Forms in Russia
- Imports of Stainless Steel in Ingots or Other Primary Forms in Russia
Price for Stainless Steel in Ingots or Other Primary Forms in Russia (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $2,724 per ton, growing by 6.7% against the previous year. In general, the export price, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices hit record highs at $3,080 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($4,109 per ton), while the average price for exports to Turkey ($721 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 the Netherlands (+0.7%), while the prices for the other major destinations experienced a decline.
Price for Stainless Steel in Ingots or Other Primary Forms in Russia (CIF) - 2022
The average import price for stainless steel in ingots or other primary forms stood at $3,223 per ton in 2022, falling by -15.7% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for stainless steel in ingots or other primary forms increased by +67.2% against 2015 indices. The most prominent rate of growth was recorded in 2019 an increase of 37%. The import price peaked at $3,825 per ton in 2021, and then dropped sharply in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($37,500 per ton), while the price for Kazakhstan ($1,479 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+24.6%), 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 Russia
In 2022, overseas shipments of stainless steel in ingots or other primary forms decreased by -77.1% to 1.6K tons, falling for the second consecutive year after two years of growth. In general, exports showed a precipitous shrinkage. The growth pace was the most rapid in 2020 with an increase of 3.6% against the previous year. As a result, the exports attained the peak of 9.8K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of stainless steel in ingots or other primary forms dropped sharply to $4.4M in 2022. Over the period under review, exports showed a significant curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 15%. As a result, the exports attained the peak of $21M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Stainless Steel in Ingots or Other Primary Forms in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 12.0 | 8.7 | 7.7 | 2.8 | -38.4% |
| Germany | 4.4 | 2.4 | 4.1 | 1.2 | -35.2% |
| Ukraine | 1.0 | 9.3 | 5.6 | 0.2 | -41.5% |
| Turkey | N/A | N/A | N/A | 0.1 | 0% |
| Lithuania | 0.7 | 0.5 | N/A | N/A | -28.6% |
| Others | 0.5 | 0.5 | 0.6 | N/A | 9.5% |
| Total | 18.7 | 21.4 | 17.9 | 4.4 | -38.3% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Russia in 2022:
- Netherlands (992.7 tons)
- Germany (445.4 tons)
- Turkey (98.7 tons)
- Ukraine (40.8 tons)
- Lithuania (10.9 tons)
Imports of Stainless Steel in Ingots or Other Primary Forms in Russia
In 2022, supplies from abroad of stainless steel in ingots or other primary forms decreased by -70.1% to 912 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a dramatic contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 21% against the previous year. As a result, imports attained the peak of 3.8K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of stainless steel in ingots or other primary forms fell markedly to $2.9M in 2022. In general, imports showed a precipitous descent. The pace of growth appeared the most rapid in 2021 with an increase of 1.4% against the previous year.
| Import of Stainless Steel in Ingots or Other Primary Forms in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 4.2 | 6.0 | 7.3 | 1.6 | -27.5% |
| Kazakhstan | 0.1 | 0.3 | N/A | 0.5 | 71.0% |
| Ukraine | 3.2 | 2.2 | 2.0 | 0.3 | -54.6% |
| Turkey | N/A | N/A | N/A | 0.2 | 0% |
| Belgium | 1.3 | 1.8 | 1.5 | 0.1 | -57.5% |
| Slovenia | 0.6 | 0.4 | 0.2 | N/A | -42.3% |
| Others | 2.2 | 0.9 | 0.6 | 0.2 | -55.0% |
| Total | 11.7 | 11.5 | 11.6 | 2.9 | -37.2% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Russia in 2022:
- United Kingdom (451.0 tons)
- Kazakhstan (309.9 tons)
- Ukraine (55.0 tons)
- Belgium (40.9 tons)
- Turkey (24.7 tons)
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