Price for Steel, Alloy; Semi-Finished Products in the Czech Republic - 2023
Contents:
- Price for Steel, Alloy; Semi-Finished Products in the Czech Republic (FOB) - 2023
- Price for Steel, Alloy; Semi-Finished Products in the Czech Republic (CIF) - 2023
- Exports of Steel, Alloy; Semi-Finished Products in the Czech Republic
- Imports of Steel, Alloy; Semi-Finished Products in the Czech Republic
Price for Steel, Alloy; Semi-Finished Products in the Czech Republic (FOB) - 2023
The average steel, alloy; semi-finished products export price stood at $1,440 per ton in July 2023, increasing by 3.3% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 12% m-o-m. Over the period under review, the average export prices attained the maximum at $1,485 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Slovakia ($4,252 per ton), while the average price for exports to Poland ($908 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Alloy; Semi-Finished Products in the Czech Republic (CIF) - 2023
In July 2023, the average steel, alloy; semi-finished products import price amounted to $1,727 per ton, declining by -26% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 67% m-o-m. Over the period under review, average import prices hit record highs at $2,867 per ton in February 2023; however, from March 2023 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Slovakia ($5,768 per ton), while the price for Italy ($1,203 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Alloy; Semi-Finished Products in the Czech Republic
For the third year in a row, the Czech Republic recorded decline in overseas shipments of steel, alloy; semi-finished productses, which decreased by -25.9% to 70K tons in 2022. In general, exports saw a abrupt downturn. The smallest decline of -7.6% was in 2021.
In value terms, steel, alloy; semi-finished products exports amounted to $101M in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 26%.
| Export of Steel, Alloy; Semi-Finished Products in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 37.2 | 30.4 | 39.1 | 47.8 | 8.7% |
| Italy | 27.2 | 25.1 | 34.5 | 31.3 | 4.8% |
| Poland | 7.9 | 4.0 | 4.1 | 5.7 | -10.3% |
| Slovakia | 2.1 | 2.6 | 2.4 | 4.1 | 25.0% |
| Spain | 6.9 | 10.5 | 13.7 | 4.0 | -16.6% |
| Belgium | 2.7 | 2.2 | 0.5 | 1.2 | -23.7% |
| Saudi Arabia | 15.7 | N/A | N/A | N/A | 0% |
| Others | 3.3 | 4.5 | 5.5 | 6.9 | 27.9% |
| Total | 103 | 79.3 | 99.8 | 101 | -0.7% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from the Czech Republic in 2022:
- Germany (36.8K tons)
- Italy (20.6K tons)
- Poland (4.5K tons)
- Spain (2.5K tons)
- Slovakia (1.7K tons)
- Belgium (0.9K tons)
Imports of Steel, Alloy; Semi-Finished Products in the Czech Republic
For the fourth consecutive year, the Czech Republic recorded growth in purchases abroad of steel, alloy; semi-finished productses, which increased by 31% to 18K tons in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, steel, alloy; semi-finished products imports soared to $26M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Semi-Finished Products in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 6.3 | 8.4 | 11.3 | 13.4 | 28.6% |
| Germany | 3.1 | 1.8 | 2.5 | 3.7 | 6.1% |
| Ukraine | 0.3 | 0.2 | 1.5 | 3.2 | 120.1% |
| Austria | 2.7 | 0.7 | 0.9 | 1.4 | -19.7% |
| Russia | N/A | N/A | N/A | 0.9 | 0% |
| Poland | 1.8 | 2.1 | 1.2 | 0.7 | -27.0% |
| Slovakia | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| Others | 2.7 | 1.5 | 0.9 | 2.5 | -2.5% |
| Total | 16.9 | 14.7 | 18.3 | 25.9 | 15.3% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to the Czech Republic in 2022:
- Italy (9.4K tons)
- Ukraine (2.8K tons)
- Germany (2.7K tons)
- Russia (0.8K tons)
- Slovakia (0.6K tons)
- Poland (0.5K tons)
- Austria (0.5K tons)
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