Price for Steel, Stainless; Ingots and Other Primary Forms in Slovakia - 2023

Contents:

  1. Price for Steel, Stainless; Ingots and Other Primary Forms in Slovakia (CIF) - 2022
  2. Price for Steel, Stainless; Ingots and Other Primary Forms in Slovakia (FOB) - 2022
  3. Imports of Steel, Stainless; Ingots and Other Primary Forms in Slovakia
  4. Exports of Steel, Stainless; Ingots and Other Primary Forms in Slovakia

Price for Steel, Stainless; Ingots and Other Primary Forms in Slovakia (CIF) - 2022

In 2022, the average import price for steel, stainless; ingots and other primary formses amounted to $8,826 per ton, shrinking by -30.7% against the previous year. In general, the import price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of 247%. The import price peaked at $16,254 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($34,680 per ton), while the price for the Czech Republic ($3,320 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Stainless; Ingots and Other Primary Forms in Slovakia (FOB) - 2022

In 2022, the average export price for steel, stainless; ingots and other primary formses amounted to $17,333 per ton, rising by 295% against the previous year. Over the period under review, the export price recorded significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Austria.

From 2012 to 2022, the rate of growth in terms of prices for Romania amounted to +18.3% per year.

Imports of Steel, Stainless; Ingots and Other Primary Forms in Slovakia

In 2022, approx. 66 tons of steel, stainless; ingots and other primary formses were imported into Slovakia; with a decrease of -65.1% against 2021. In general, imports saw a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year.

In value terms, imports of steel, stainless; ingots and other primary formses fell notably to $586K in 2022. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 161%.

Import of Steel, Stainless; Ingots and Other Primary Forms in Slovakia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany49.01,6571,88724069.8%
Czech Republic255151272136-18.9%
Austria2.6195146116254.7%
NetherlandsN/A5.511.546.4190.5%
FranceN/AN/A32.122.8-29.0%
Poland38977.10.317.4-64.5%
United States81.8N/A0.40.1-89.3%
Others42.049.173.17.8-42.9%
Total8192,1362,421586-10.6%

Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Slovakia in 2022:

  1. Czech Republic (40.8 tons)
  2. Germany (10.3 tons)
  3. France (6.8 tons)
  4. Austria (3.3 tons)
  5. Netherlands (2.4 tons)
  6. Poland (1.9 tons)

Exports of Steel, Stainless; Ingots and Other Primary Forms in Slovakia

Exports of steel, stainless; ingots and other primary formses from Slovakia contracted dramatically to 3 kg in 2022, falling by 99.9% compared with the previous year. In general, exports showed a sharp downturn. The smallest decline of -52.7% was in 2020.

In value terms, exports of steel, stainless; ingots and other primary formses dropped significantly to $52 in 2022. Over the period under review, exports recorded a precipitous decrease. The smallest decline of -59.6% was in 2020.

Export of Steel, Stainless; Ingots and Other Primary Forms in Slovakia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
AustriaN/AN/AN/A0.10%
Czech Republic0.93537.8N/A194.4%
Germany1,361197145N/A-67.4%
Others0.81.20.9N/A6.1%
Total1,3635511540.1-95.8%

Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Slovakia in 2022:

  1. Austria (3.0 kg)

Source: IndexBox Market Intelligence Platform

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