Price for Steel, Stainless; Ingots and Other Primary Forms in Russia - 2022
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Russia (FOB) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in Russia (CIF) - 2022
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Russia
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Russia
Price for Steel, Stainless; Ingots and Other Primary Forms in Russia (FOB) - 2022
In 2022, the average export price for steel, stainless; ingots and other primary formses amounted to $2,625 per ton, growing by 28% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $2,739 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($2,816 per ton), while the average price for exports to Turkey ($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 the Netherlands (+0.9%), while the prices for the other major destinations experienced a decline.
Price for Steel, Stainless; Ingots and Other Primary Forms in Russia (CIF) - 2022
In 2022, the average import price for steel, stainless; ingots and other primary formses amounted to $3,629 per ton, rising by 1.9% against the previous year. Over the period under review, the import price posted a temperate expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 337%. As a result, import price reached the peak level of $19,472 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($21,263 per ton), while the price for the UK totaled $3,612 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+32.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Stainless; Ingots and Other Primary Forms in Russia
In 2022, the amount of steel, stainless; ingots and other primary formses exported from Russia declined rapidly to 1.3K tons, falling by -71.6% against the previous year. In general, exports showed a significant curtailment. The smallest decline of -29.5% was in 2021.
In value terms, exports of steel, stainless; ingots and other primary formses fell rapidly to $3.4M in 2022. Overall, exports continue to indicate a dramatic decrease. The smallest decline of -13.5% was in 2021.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 12.0 | 8.7 | 7.7 | 2.8 | -38.4% |
| Germany | 4.4 | 1.5 | 1.2 | 0.5 | -51.6% |
| Turkey | N/A | N/A | N/A | 0.1 | 0% |
| Lithuania | 0.6 | 0.5 | N/A | N/A | -16.7% |
| Others | 0.5 | N/A | 0.4 | N/A | -10.6% |
| Total | 17.5 | 10.7 | 9.3 | 3.4 | -42.1% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Russia in 2022:
- Netherlands (990.2 tons)
- Germany (191.0 tons)
- Turkey (98.4 tons)
Imports of Steel, Stainless; Ingots and Other Primary Forms in Russia
After three years of growth, supplies from abroad of steel, stainless; ingots and other primary formses decreased by -77.1% to 454 tons in 2022. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 443%. As a result, imports reached the peak of 2K tons, and then dropped sharply in the following year.
In value terms, imports of steel, stainless; ingots and other primary formses contracted notably to $1.6M in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 394% against the previous year. As a result, imports reached the peak of $7.1M, and then shrank notably in the following year.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | 1.0 | 7.0 | 1.6 | 26.5% |
| Italy | 0.6 | 0.5 | N/A | N/A | -16.7% |
| Others | 1.1 | N/A | N/A | N/A | 0% |
| Total | 1.7 | 1.4 | 7.1 | 1.6 | -2.0% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Russia in 2022:
- United Kingdom (451.0 tons)
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