Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in South Africa - 2024

Contents:

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

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

The average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $1,655 per ton in 2022, with a decrease of -32.2% against the previous year. Overall, the export price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 45% against the previous year. The export price peaked at $3,072 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($2,773 per ton), while the average price for exports to India ($502 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 Botswana (+6.0%), 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 South Africa (CIF) - 2022

In 2022, the average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $4,753 per ton, growing by 7.2% against the previous year. In general, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 32% against the previous year. The import price peaked at $5,091 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 the United States ($25,398 per ton), while the price for Thailand ($2,531 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+24.3%), 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 South Africa

Exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s from South Africa surged to 1.5K tons in 2022, rising by 300% against 2021. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s skyrocketed to $2.5M in 2022. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. India (544.2 tons)
2. Zambia (374.6 tons)
3. United States (192.1 tons)
4. Germany (128.9 tons)
5. Sierra Leone (53.8 tons)
6. Mozambique (45.9 tons)
7. United Arab Emirates (31.7 tons)
8. Zimbabwe (30.8 tons)
9. Swaziland (22.1 tons)
10. Namibia (11.6 tons)
11. Democratic Republic of the Congo (8.5 tons)
12. Madagascar (4.1 tons)

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

In 2022, supplies from abroad of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s was finally on the rise to reach 223 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a sharp shrinkage.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s surged to $1.1M in 2022. In general, imports, however, faced a dramatic decline.

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

1. China (151.6 tons)
2. France (47.0 tons)
3. Germany (10.9 tons)
4. Thailand (4.6 tons)
5. United States (4.4 tons)