Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Bahrain - 2022
Contents:
- Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Bahrain (CIF) - 2022
- Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Bahrain (FOB) - 2022
- Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Bahrain
- Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Bahrain
Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Bahrain (CIF) - 2022
The average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $4,728 per ton in 2022, with an increase of 24% against the previous year. Over the period under review, the import price showed mild growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 49%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($57,765 per ton), while the price for Japan ($2,484 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+41.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Bahrain (FOB) - 2022
In 2022, the average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $1,028 per ton, falling by -2.6% against the previous year. Over the period under review, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2013 an increase of 31%. The export price peaked at $6,366 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($1,342 per ton), while the average price for exports to the United Arab Emirates ($333 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 Qatar (-8.0%).
Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Bahrain
After two years of decline, overseas purchases of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s increased by 114% to 12 tons in 2022. Overall, imports, however, recorded a dramatic curtailment.
In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s surged to $55K in 2022. Over the period under review, imports, however, faced a deep setback.
| Import of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.5 | 17.8 | 0.2 | 15.2 | 212.1% |
| Japan | 21.0 | 6.5 | 7.4 | 15.2 | -10.2% |
| United Kingdom | 15.7 | 4.6 | 4.9 | 9.4 | -15.7% |
| Saudi Arabia | 30.8 | 6.2 | 4.5 | 4.7 | -46.6% |
| Others | 17.8 | 4.7 | 4.0 | 10.9 | -15.1% |
| Total | 85.7 | 39.7 | 20.9 | 55.3 | -13.6% |
Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to Bahrain in 2022:
- Japan (6.1 tons)
- India (2.9 tons)
- Saudi Arabia (1.9 tons)
- United Kingdom (0.5 tons)
Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Bahrain
For the third year in a row, Bahrain recorded decline in overseas shipments of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s, which decreased by -17.4% to 176 kg in 2022. In general, exports continue to indicate a dramatic slump. The smallest decline of -10.2% was in 2020.
In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s contracted dramatically to $181 in 2022. Over the period under review, exports showed a significant curtailment.
| Export of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Bahrain (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 2,360 | 1,419 | 201 | 161 | -59.1% |
| United Arab Emirates | 219 | 140 | 21.0 | 18.0 | -56.5% |
| Saudi Arabia | 151 | 3.0 | 1.0 | 1.0 | -81.2% |
| Kuwait | 169 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 2.0 | 1.0 | -50.0% |
| Total | 2,899 | 1,562 | 225 | 181 | -60.3% |
Top Export Markets for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 from Bahrain in 2022:
- Qatar (120.0 kg)
- United Arab Emirates (54.0 kg)
- Saudi Arabia (1.0 kg)
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