Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in the UK - 2024
Contents:
- Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in the UK (CIF) - 2022
- Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in the UK (FOB) - 2022
- Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in the UK
- Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in the UK
Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in the UK (CIF) - 2022
In 2022, the average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $9,749 per ton, picking up by 39% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($62,429 per ton), while the price for Spain ($3,410 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+33.2%), 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 the UK (FOB) - 2022
The average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $26,534 per ton in 2022, surging by 20% against the previous year. Overall, the export price posted a resilient increase. The growth pace was the most rapid in 2019 an increase of 95% against the previous year. Over the period under review, the average export prices reached the maximum at $38,230 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($97,733 per ton), while the average price for exports to India ($5,723 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 Canada (+26.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in the UK
In 2022, approx. 2.2K tons of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s were imported into the UK; falling by -22.3% on 2021. In general, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. As a result, imports attained the peak of 2.8K tons, and then shrank rapidly in the following year.
In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s rose markedly to $21M in 2022. The total import value increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 32%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 0.5 | 1.6 | 2.6 | 6.2 | 131.5% |
| United States | 4.7 | 3.5 | 3.8 | 5.3 | 4.1% |
| China | 0.4 | 0.5 | 0.8 | 2.9 | 93.5% |
| Japan | 2.5 | 2.1 | 3.6 | 2.6 | 1.3% |
| Spain | 0.8 | 0.5 | 0.6 | 1.1 | 11.2% |
| Sweden | 2.0 | 3.0 | 4.8 | 0.8 | -26.3% |
| Germany | 4.2 | 1.7 | 0.2 | 0.6 | -47.7% |
| South Korea | 0.2 | 0.1 | 0.8 | 0.4 | 26.0% |
| Italy | 0.5 | 0.8 | 0.8 | 0.3 | -15.7% |
| Others | 1.9 | 1.0 | 1.5 | 0.8 | -25.0% |
| Total | 17.8 | 14.9 | 19.6 | 21.1 | 5.8% |
Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to the UK in 2022:
- Indonesia (861.3 tons)
- China (365.5 tons)
- Spain (333.8 tons)
- United States (189.1 tons)
- Japan (178.7 tons)
- South Korea (64.4 tons)
- Italy (39.7 tons)
- Sweden (35.1 tons)
- Germany (26.9 tons)
Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in the UK
Exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s from the UK plummeted to 148 tons in 2022, with a decrease of -16.7% against the previous year. Overall, exports saw a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by 55% against the previous year.
In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s totaled $3.9M in 2022. In general, exports showed a abrupt downturn.
| Export of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 115 | 16.4 | 1,378 | 798 | 90.7% |
| United States | 690 | 572 | 382 | 459 | -12.7% |
| Netherlands | 1,209 | 1,628 | 57.7 | 311 | -36.4% |
| France | 112 | 77.0 | 200 | 209 | 23.1% |
| Germany | 191 | 99.1 | 159 | 205 | 2.4% |
| Poland | 11.4 | 6.7 | 27.4 | 181 | 151.3% |
| Brazil | 492 | 237 | 452 | 174 | -29.3% |
| Ireland | 21.6 | 155 | 142 | 160 | 94.9% |
| Canada | 28.4 | 172 | 82.1 | 144 | 71.8% |
| Australia | 66.0 | 30.1 | 49.9 | 112 | 19.3% |
| Singapore | 49.8 | 23.4 | 7.3 | 109 | 29.8% |
| Sweden | 17.1 | 5.7 | 60.7 | 60.2 | 52.1% |
| India | 77.8 | 17.0 | N/A | 13.4 | -44.4% |
| Others | 1,776 | 1,352 | 927 | 998 | -17.5% |
| Total | 4,858 | 4,392 | 3,925 | 3,933 | -6.8% |
Top Export Markets for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 from the UK in 2022:
- Brazil (23.8 tons)
- Belgium (21.6 tons)
- United States (20.7 tons)
- Ireland (18.6 tons)
- Australia (9.8 tons)
- Poland (6.0 tons)
- Sweden (5.8 tons)
- Singapore (5.3 tons)
- France (5.2 tons)
- Germany (5.0 tons)
- Netherlands (3.2 tons)
- Canada (2.7 tons)
- India (2.3 tons)
Nothing found. Please try again.
Nothing found. Please try again.
Nothing found. Please try again.
