Price for Steel, Alloy; Angles, Shapes and Sections in Austria - 2023
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in Austria (CIF) - 2023
- Price for Steel, Alloy; Angles, Shapes and Sections in Austria (FOB) - 2023
- Imports of Steel, Alloy; Angles, Shapes and Sections in Austria
- Exports of Steel, Alloy; Angles, Shapes and Sections in Austria
Price for Steel, Alloy; Angles, Shapes and Sections in Austria (CIF) - 2023
In December 2023, the average import price for steel, alloy; angles, shapes and sectionses amounted to $8,502 per ton, almost unchanged from the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 211% m-o-m. Over the period under review, average import prices hit record highs at $8,622 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Italy ($9,197 per ton), while the price for Germany stood at $7,394 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.1%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Alloy; Angles, Shapes and Sections in Austria (FOB) - 2023
In December 2023, the average export price for steel, alloy; angles, shapes and sectionses amounted to $12,147 per ton, surging by 3.9% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 9.7% month-to-month. Over the period under review, the average export prices reached the maximum at $12,234 per ton in August 2023; however, from September 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($15,331 per ton), while the average price for exports to Portugal ($3,484 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Angles, Shapes and Sections in Austria
For the fourth consecutive year, Austria recorded growth in supplies from abroad of steel, alloy; angles, shapes and sectionses, which increased by 40% to 5.1K tons in 2022. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy; angles, shapes and sectionses soared to $36M in 2022. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 60% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
Import of Steel, Alloy; Angles, Shapes and Sections in Austria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 5.7 | 8.2 | 10.6 | 22.4 | 57.8% |
Italy | 6.4 | 11.6 | 12.9 | 13.0 | 26.6% |
Sweden | 0.3 | 0.1 | N/A | N/A | -66.7% |
Others | 0.3 | 0.4 | 0.7 | 1.0 | 49.4% |
Total | 12.7 | 20.3 | 24.2 | 36.4 | 42.0% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to Austria in 2022:
- Germany (2.9K tons)
- Italy (1.9K tons)
Exports of Steel, Alloy; Angles, Shapes and Sections in Austria
In 2022, shipments abroad of steel, alloy; angles, shapes and sectionses decreased by -11.6% to 2.1K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 22%. As a result, the exports reached the peak of 2.4K tons, and then declined in the following year.
In value terms, exports of steel, alloy; angles, shapes and sectionses rose sharply to $22M in 2022. The total export value increased at an average annual rate of +11.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 25%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
Export of Steel, Alloy; Angles, Shapes and Sections in Austria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 5.1 | 7.4 | 10.6 | 10.1 | 25.6% |
Sweden | 4.1 | 4.2 | 4.4 | 5.6 | 11.0% |
Germany | 2.5 | 2.3 | 2.7 | 2.8 | 3.8% |
Italy | 0.5 | 0.5 | 0.7 | 0.7 | 11.9% |
Canada | N/A | N/A | 0.2 | 0.4 | 100.0% |
Netherlands | N/A | N/A | 0.1 | 0.3 | 200.0% |
Switzerland | 0.3 | 0.3 | 0.2 | 0.3 | 0.0% |
Hungary | 0.4 | 0.4 | 0.3 | 0.3 | -9.1% |
Czech Republic | 0.4 | 0.2 | 0.1 | 0.1 | -37.0% |
Others | 2.8 | 1.3 | 1.5 | 1.8 | -13.7% |
Total | 16.2 | 16.7 | 20.8 | 22.5 | 11.6% |
Top Export Markets for Steel, Alloy; Angles, Shapes and Sections from Austria in 2022:
- United States (962.5 tons)
- Sweden (500.3 tons)
- Germany (246.9 tons)
- Italy (64.2 tons)
- Canada (36.7 tons)
- Netherlands (32.6 tons)
- Hungary (28.9 tons)
- Switzerland (25.0 tons)
- Czech Republic (12.1 tons)
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