Price for Steel, Stainless; Ingots and Other Primary Forms in Pakistan - 2022
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Pakistan (FOB) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in Pakistan (CIF) - 2022
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Pakistan
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Pakistan
Price for Steel, Stainless; Ingots and Other Primary Forms in Pakistan (FOB) - 2022
The average export price for steel, stainless; ingots and other primary formses stood at $2,052 per ton in 2022, with an increase of 51% against the previous year. In general, the export price enjoyed a prominent increase. The export price peaked at $2,606 per ton in 2018; however, from 2019 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 the UK ($46,729 per ton), while the average price for exports to the United Arab Emirates ($470 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 the UK (+47.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Stainless; Ingots and Other Primary Forms in Pakistan (CIF) - 2022
In 2022, the average import price for steel, stainless; ingots and other primary formses amounted to $8,021 per ton, waning by -54.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 341% against the previous year. The import price peaked at $17,758 per ton in 2021, and then contracted rapidly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($285,116 per ton), while the price for China ($425 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+35.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Stainless; Ingots and Other Primary Forms in Pakistan
After three years of growth, shipments abroad of steel, stainless; ingots and other primary formses decreased by -37.5% to 350 tons in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 935%. As a result, the exports reached the peak of 560 tons, and then shrank remarkably in the following year.
In value terms, exports of steel, stainless; ingots and other primary formses contracted to $718K in 2022. Over the period under review, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 839%. As a result, the exports attained the peak of $760K, and then contracted in the following year.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 12.1 | 44.1 | 507 | 352 | 207.6% |
| Thailand | 10.4 | 34.8 | 240 | 332 | 217.2% |
| United Arab Emirates | 0.5 | 1.6 | 10.6 | 29.4 | 288.9% |
| Others | 0.2 | 0.5 | 3.4 | 4.6 | 184.4% |
| Total | 23.2 | 81.0 | 760 | 718 | 214.0% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Pakistan in 2022:
- Netherlands (279.4 tons)
- United Arab Emirates (62.6 tons)
- Thailand (7.8 tons)
Imports of Steel, Stainless; Ingots and Other Primary Forms in Pakistan
In 2022, supplies from abroad of steel, stainless; ingots and other primary formses was finally on the rise to reach 10 tons after two years of decline. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless; ingots and other primary formses soared to $82K in 2022. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.4 | 1.5 | N/A | 67.7 | 264.3% |
| China | 0.9 | 0.4 | N/A | 0.9 | 0.0% |
| Others | 2.6 | 5.5 | 1.1 | 12.9 | 70.6% |
| Total | 4.9 | 7.3 | 1.1 | 81.5 | 155.3% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Pakistan in 2022:
- United States (7.9 tons)
- China (2.1 tons)
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