Price for Steel, Stainless; Ingots and Other Primary Forms in Portugal - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Portugal (CIF) - 2023
- Price for Steel, Stainless; Ingots and Other Primary Forms in Portugal (FOB) - 2023
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Portugal
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Portugal
Price for Steel, Stainless; Ingots and Other Primary Forms in Portugal (CIF) - 2023
In October 2023, the average import price for steel, stainless; ingots and other primary formses amounted to $3,245 per ton, which is down by -17.1% against the previous month. Over the period under review, the import price saw a noticeable reduction. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 68% month-to-month. As a result, import price attained the peak level of $5,850 per ton. From September 2023 to October 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the highest price was recorded for prices from Germany ($4,030 per ton) and Sweden ($3,791 per ton), while the price for Italy ($2,964 per ton) and France ($3,068 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+0.0%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Stainless; Ingots and Other Primary Forms in Portugal (FOB) - 2023
In October 2023, the average export price for steel, stainless; ingots and other primary formses amounted to $1,482 per ton, picking up by 4.2% against the previous month. Overall, the export price, however, continues to indicate a slight reduction. The growth pace was the most rapid in May 2023 when the average export price increased by 27% against the previous month. The export price peaked at $2,539 per ton in June 2023; however, from July 2023 to October 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Spain.
From October 2022 to October 2023, the rate of growth in terms of prices for Spain amounted to -1.2% per month.
Imports of Steel, Stainless; Ingots and Other Primary Forms in Portugal
In 2022, imports of steel, stainless; ingots and other primary formses into Portugal was estimated at 5K tons, therefore, remained relatively stable against the year before. Overall, imports, however, continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 16%. As a result, imports reached the peak of 13K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of steel, stainless; ingots and other primary formses surged to $21M in 2022. In general, imports, however, saw a abrupt decrease.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.8 | 2.3 | 4.5 | 8.2 | 43.1% |
| Sweden | 1.3 | 1.6 | 3.9 | 5.7 | 63.7% |
| France | 3.0 | 5.6 | 5.8 | 5.1 | 19.3% |
| Spain | 0.6 | 0.4 | 1.0 | 1.2 | 26.0% |
| Italy | N/A | N/A | 0.2 | 0.2 | 0.0% |
| United Kingdom | 19.7 | 19.7 | N/A | N/A | 0.0% |
| Others | 0.1 | N/A | 0.2 | 0.2 | 26.0% |
| Total | 27.5 | 29.6 | 15.5 | 20.6 | -9.2% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Portugal in 2022:
- Germany (1823.0 tons)
- Sweden (1426.5 tons)
- France (1413.5 tons)
- Spain (273.3 tons)
- Italy (77.0 tons)
- United Kingdom (0.2 tons)
Exports of Steel, Stainless; Ingots and Other Primary Forms in Portugal
In 2022, approx. 2.5K tons of steel, stainless; ingots and other primary formses were exported from Portugal; waning by -39.2% compared with 2021. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 389% against the previous year. As a result, the exports reached the peak of 4.1K tons, and then declined markedly in the following year.
In value terms, exports of steel, stainless; ingots and other primary formses contracted dramatically to $5M in 2022. Overall, exports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by 357%. As a result, the exports reached the peak of $6.8M, and then contracted markedly in the following year.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 0.5 | 0.9 | 6.8 | 5.0 | 115.4% |
| France | 2.4 | 0.6 | N/A | N/A | -75.0% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 3.2 | 1.5 | 6.8 | 5.0 | 16.0% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Portugal in 2022:
- Spain (2512.5 tons)
- France (0.1 tons)
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