Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Vietnam - 2022
Contents:
- Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Vietnam (FOB) - 2022
- Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Vietnam
Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Vietnam (FOB) - 2022
The average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $1,759 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, recorded a deep setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 33%. The export price peaked at $3,409 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($1,759 per ton) and the United States ($1,759 per ton), while the average price for exports to Thailand ($1,759 per ton) and Cambodia ($1,759 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-1.8%), while the prices for the other major destinations experienced a decline.
Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Vietnam
In 2022, shipments abroad of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s decreased by -52.5% to 1.1K tons, falling for the second year in a row after two years of growth. In general, exports faced a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 320% against the previous year. As a result, the exports reached the peak of 6.5K 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 contracted rapidly to $1.9M in 2022. Overall, exports recorded a deep setback. The growth pace was the most rapid in 2020 when exports increased by 258%. As a result, the exports attained the peak of $8.5M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 972 | 5,907 | 3,107 | 1,397 | 12.9% |
| Thailand | 587 | 1,010 | 443 | 354 | -15.5% |
| Taiwan (Chinese) | 311 | 840 | 207 | 53.2 | -44.5% |
| Hong Kong SAR | N/A | N/A | 75.8 | 49.0 | -35.4% |
| Japan | 132 | 156 | 86.6 | 17.0 | -49.5% |
| United Kingdom | 215 | 532 | N/A | N/A | 147.4% |
| Others | 164 | 90.3 | 50.7 | 21.5 | -49.2% |
| Total | 2,381 | 8,534 | 3,970 | 1,892 | -7.4% |
Top Export Markets for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 from Vietnam in 2022:
- India (794.2 tons)
- Thailand (201.0 tons)
- Taiwan (Chinese) (30.2 tons)
- Hong Kong SAR (27.8 tons)
- Japan (9.7 tons)
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