Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Indonesia - 2022

Contents:

  1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Indonesia (CIF) - 2022
  2. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Indonesia (FOB) - 2022
  3. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Indonesia
  4. Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Indonesia

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Indonesia (CIF) - 2022

In 2022, the average import price for steel, alloy amounted to $3,052 per ton, jumping by 45% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 steel, alloy increased by +83.3% against 2020 indices. 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 India ($4,819 per ton), while the price for South Korea ($1,363 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Indonesia (FOB) - 2022

In 2022, the average export price for steel, alloy amounted to $1,019 per ton, with a decrease of -43.5% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 36% against the previous year. The export price peaked at $2,725 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($1,897 per ton), while the average price for exports to Taiwan (Chinese) ($456 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 China (+2.3%), while the prices for the other major destinations experienced a decline.

Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Indonesia

In 2022, purchases abroad of steel, alloy was finally on the rise to reach 12K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a deep downturn.

In value terms, imports of steel, alloy skyrocketed to $36M in 2022. In general, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China8.13.94.826.548.5%
Japan8.44.30.63.7-23.9%
India0.70.80.21.734.4%
Belgium0.80.60.60.94.0%
United Arab Emirates0.70.90.30.70.0%
France0.40.30.20.3-9.1%
Vietnam0.31.00.60.30.0%
Germany0.91.40.30.3-30.7%
South Korea4.50.40.30.3-59.5%
Russia2.10.30.20.3-47.7%
Others0.90.30.50.7-8.0%
Total27.814.18.635.88.8%

Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented to Indonesia in 2022:

  1. China (8.0K tons)
  2. Japan (1.5K tons)
  3. Belgium (0.6K tons)
  4. India (0.4K tons)
  5. South Korea (0.3K tons)
  6. United Arab Emirates (0.2K tons)
  7. France (0.2K tons)
  8. Vietnam (0.1K tons)
  9. Germany (0.1K tons)
  10. Russia (0.1K tons)

Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Indonesia

In 2022, exports of steel, alloy from Indonesia fell markedly to 53 tons, declining by -38.1% compared with the year before. In general, exports showed a precipitous shrinkage. The smallest decline of -3% was in 2020.

In value terms, exports of steel, alloy fell notably to $54K in 2022. Over the period under review, exports showed a precipitous slump. The smallest decline of -2.1% was in 2020.

Export of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam31135663.222.0-58.6%
Turkey13613333.612.0-55.5%
Taiwan (Chinese)12310021.26.3-62.9%
India62.653.411.93.7-61.0%
Philippines46.338.68.42.5-62.2%
Singapore10.211.83.62.0-41.9%
China28.119.03.01.4-63.2%
Myanmar31.628.46.21.3-65.5%
Malaysia25.317.93.30.9-67.1%
OthersN/AN/AN/A1.90%
Total77475815453.9-58.9%

Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented from Indonesia in 2022:

  1. Turkey (17.2 tons)
  2. Taiwan (Chinese) (13.8 tons)
  3. Vietnam (11.6 tons)
  4. India (2.8 tons)
  5. Singapore (2.4 tons)
  6. Philippines (1.6 tons)
  7. China (1.1 tons)
  8. Myanmar (0.8 tons)
  9. Malaysia (0.8 tons)

Source: IndexBox Market Intelligence Platform

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