Price for Steel, Alloy; Semi-Finished Products in Indonesia - 2022
Contents:
- Price for Steel, Alloy; Semi-Finished Products in Indonesia (CIF) - 2022
- Price for Steel, Alloy; Semi-Finished Products in Indonesia (FOB) - 2022
- Imports of Steel, Alloy; Semi-Finished Products in Indonesia
- Exports of Steel, Alloy; Semi-Finished Products in Indonesia
Price for Steel, Alloy; Semi-Finished Products in Indonesia (CIF) - 2022
In March 2022, the average steel, alloy; semi-finished products import price amounted to $975 per ton, with an increase of 35% against the previous month. In general, import price indicated temperate growth from March 2021 to March 2022: its price increased at an average monthly rate of +4.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, steel, alloy; semi-finished products import price increased by +35.3% against February 2022 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was China ($1,288 per ton), while the price for Japan ($794 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Alloy; Semi-Finished Products in Indonesia (FOB) - 2022
In 2022, the average steel, alloy; semi-finished products export price amounted to $7,060 per ton, reducing by -88.7% against the previous year. In general, the export price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 1,872% against the previous year. As a result, the export price attained the peak level of $62,240 per ton, and then reduced notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($13,151 per ton), while the average price for exports to South Korea ($7,019 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 Japan (+45.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Semi-Finished Products in Indonesia
In 2022, purchases abroad of steel, alloy; semi-finished productses decreased by -34.4% to 32K tons, falling for the second year in a row after two years of growth. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 45% against the previous year. As a result, imports reached the peak of 62K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, steel, alloy; semi-finished products imports declined notably to $18M in 2022. Over the period under review, imports saw a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. As a result, imports reached the peak of $32M, and then dropped dramatically in the following year.
| Import of Steel, Alloy; Semi-Finished Products in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 19.0 | 22.9 | 26.8 | 6.4 | -30.4% |
| Brazil | 1.0 | 1.2 | 1.4 | 3.2 | 47.4% |
| Italy | 1.7 | 1.2 | 1.2 | 2.4 | 12.2% |
| China | 0.9 | 1.0 | 0.8 | 1.4 | 15.9% |
| Others | 1.1 | 0.9 | 2.1 | 4.6 | 61.1% |
| Total | 23.7 | 27.2 | 32.3 | 17.9 | -8.9% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to Indonesia in 2022:
- Japan (13.4K tons)
- Brazil (10.1K tons)
- Italy (3.2K tons)
- China (1.6K tons)
Exports of Steel, Alloy; Semi-Finished Products in Indonesia
In 2022, overseas shipments of steel, alloy; semi-finished productses were finally on the rise to reach 6.5 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a sharp curtailment.
In value terms, steel, alloy; semi-finished products exports shrank markedly to $46K in 2022. In general, exports saw a perceptible expansion. The growth pace was the most rapid in 2021 when exports increased by 371% against the previous year. As a result, the exports reached the peak of $76K, and then fell rapidly in the following year.
| Export of Steel, Alloy; Semi-Finished Products in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | 10.0 | 75.3 | 45.5 | 113.3% |
| Singapore | 0.9 | 0.6 | 0.1 | 0.1 | -51.9% |
| Malaysia | 10.8 | 2.1 | 0.1 | 0.1 | -79.0% |
| Thailand | 4.8 | N/A | N/A | N/A | 0% |
| Japan | 8.8 | 1.2 | 0.1 | N/A | -89.3% |
| China | 1.9 | 0.2 | N/A | N/A | -89.5% |
| United Kingdom | 5.2 | 0.7 | N/A | N/A | -86.5% |
| Australia | 4.3 | 0.6 | N/A | N/A | -86.0% |
| Canada | 4.8 | 0.5 | N/A | N/A | -89.6% |
| Others | 1.7 | 0.2 | N/A | 0.1 | -61.1% |
| Total | 43.2 | 16.1 | 75.6 | 45.8 | 2.0% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from Indonesia in 2022:
- Canada (undefined tons)
- Australia (undefined tons)
- Singapore (undefined tons)
- Japan (undefined tons)
- South Korea (6.5 tons)
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