Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Hungary - 2023

Contents:

1. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Hungary (FOB) - 2022
2. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Hungary (CIF) - 2022
3. Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Hungary
4. Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Hungary

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Hungary (FOB) - 2022

The average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $12,959 per ton in 2022, with an increase of 21% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. The growth pace was the most rapid in 2014 when the average export price increased by 98%. As a result, the export price reached the peak level of $14,969 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($142,858 per ton), while the average price for exports to France ($9,974 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 Slovenia (+132.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Hungary (CIF) - 2022

In 2022, the average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $8,089 per ton, approximately reflecting the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% 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, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s increased by +88.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 87% against the previous year. The import price peaked at $8,186 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Slovakia ($24,000 per ton), while the price for Belgium ($4,414 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Hungary

In 2022, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s from Hungary soared to 162 tons, picking up by 35% compared with 2021 figures. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 299%. As a result, the exports attained the peak of 162 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s surged to $2.1M in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 149%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 from Hungary in 2022:

1. France (135.7 tons)
2. Germany (20.1 tons)
3. United Kingdom (2.1 tons)

Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Hungary

In 2022, purchases abroad of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s decreased by -38.5% to 116 tons, falling for the second year in a row after two years of growth. In general, imports faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 88%. As a result, imports attained the peak of 556 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s dropped markedly to $939K in 2022. Over the period under review, imports faced a sharp descent. The most prominent rate of growth was recorded in 2020 when imports increased by 1.1% against the previous year. As a result, imports reached the peak of $2.4M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to Hungary in 2022:

1. Germany (106.9 tons)
2. Poland (3.5 tons)
3. Austria (2.5 tons)