Price for Steel, Alloy; Ingots and Other Primary Forms in Austria - 2023
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Austria (FOB) - 2023
- Price for Steel, Alloy; Ingots and Other Primary Forms in Austria (CIF) - 2022
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Austria
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Austria
Price for Steel, Alloy; Ingots and Other Primary Forms in Austria (FOB) - 2023
The average export price for steel, alloy; ingots and other primary formses stood at $2,766 per ton in August 2023, with an increase of 25% against the previous month. Over the period from December 2022 to August 2023, it increased at an average monthly rate of +2.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Ukraine ($4,939 per ton), while the average price for exports to Switzerland amounted to $2,788 per ton.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Alloy; Ingots and Other Primary Forms in Austria (CIF) - 2022
In 2022, the average import price for steel, alloy; ingots and other primary formses amounted to $11,179 per ton, increasing by 34% against the previous year. Over the period under review, the import price posted a significant increase. The pace of growth was the most pronounced in 2015 an increase of 86% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($16,029 per ton), while the price for Poland ($1,716 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Alloy; Ingots and Other Primary Forms in Austria
Exports of steel, alloy; ingots and other primary formses from Austria fell to 70K tons in 2022, waning by -5.9% on 2021. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 1.4%.
In value terms, exports of steel, alloy; ingots and other primary formses skyrocketed to $150M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 36%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 59.6 | 48.9 | 62.8 | 82.2 | 11.3% |
| Germany | 29.7 | 24.1 | 26.6 | 23.6 | -7.4% |
| Sweden | 12.2 | 8.2 | 18.4 | 23.1 | 23.7% |
| Romania | 4.4 | 3.8 | 3.9 | 8.6 | 25.0% |
| Switzerland | 2.0 | 1.5 | 4.1 | 4.9 | 34.8% |
| Slovenia | 4.1 | 0.3 | 0.1 | 4.0 | -0.8% |
| Hungary | 0.8 | 0.1 | 1.1 | 1.7 | 28.6% |
| Others | 1.7 | 2.6 | 5.2 | 2.1 | 7.3% |
| Total | 115 | 89.6 | 122 | 150 | 9.3% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Austria in 2022:
- Italy (42.6K tons)
- Germany (12.1K tons)
- Romania (5.8K tons)
- Sweden (2.6K tons)
- Switzerland (2.5K tons)
- Slovenia (2.0K tons)
- Hungary (1.1K tons)
Imports of Steel, Alloy; Ingots and Other Primary Forms in Austria
In 2022, supplies from abroad of steel, alloy; ingots and other primary formses increased by 13% to 2.6K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt decline.
In value terms, imports of steel, alloy; ingots and other primary formses surged to $29M in 2022. Over the period under review, total imports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +2.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 24.1 | 19.0 | 16.9 | 25.4 | 1.8% |
| France | 0.2 | 0.7 | 0.4 | 0.9 | 65.1% |
| Sweden | 1.4 | 0.8 | 1.0 | 0.9 | -13.7% |
| Slovenia | 0.5 | 0.5 | 0.4 | 0.8 | 17.0% |
| Czech Republic | 0.6 | 0.4 | 0.4 | 0.4 | -12.6% |
| Poland | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.2 | 0.2 | 0.2 | 0.4 | 26.0% |
| Total | 27.0 | 21.6 | 19.2 | 28.9 | 2.3% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Austria in 2022:
- Germany (1595.8 tons)
- Sweden (518.3 tons)
- Slovenia (215.1 tons)
- Poland (110.9 tons)
- Czech Republic (55.1 tons)
- France (53.9 tons)
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