Price for Steel, Stainless; Ingots and Other Primary Forms in Sweden - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Sweden (FOB) - 2023
- Price for Steel, Stainless; Ingots and Other Primary Forms in Sweden (CIF) - 2023
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Sweden
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Sweden
Price for Steel, Stainless; Ingots and Other Primary Forms in Sweden (FOB) - 2023
In October 2023, the average export price for steel, stainless; ingots and other primary formses amounted to $3,897 per ton, rising by 5.8% against the previous month. Over the period under review, the export price, however, showed a noticeable downturn. The pace of growth was the most pronounced in December 2022 when the average export price increased by 63% m-o-m. As a result, the export price reached the peak level of $7,944 per ton. From January 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was China ($35,878 per ton), while the average price for exports to Taiwan (Chinese) amounted to $3,662 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Stainless; Ingots and Other Primary Forms in Sweden (CIF) - 2023
In October 2023, the average import price for steel, stainless; ingots and other primary formses amounted to $8,932 per ton, picking up by 266% against the previous month. Over the period under review, the import price enjoyed a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From October 2022 to October 2023, the rate of growth in terms of prices for the UK amounted to +4.8% per month.
Exports of Steel, Stainless; Ingots and Other Primary Forms in Sweden
In 2022, the amount of steel, stainless; ingots and other primary formses exported from Sweden reduced to 6.3K tons, declining by -6.4% compared with 2021. Over the period under review, exports saw a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, the exports attained the peak of 6.7K tons, and then contracted in the following year.
In value terms, exports of steel, stainless; ingots and other primary formses surged to $28M in 2022. Overall, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 62%. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 9.3 | 4.7 | 15.8 | 10.5 | 4.1% |
| Italy | 3.5 | 3.8 | 0.8 | 5.7 | 17.7% |
| China | N/A | 3.4 | 1.7 | 5.4 | 26.0% |
| Spain | 0.6 | N/A | 0.2 | 0.6 | 0.0% |
| South Korea | 1.9 | 0.1 | 0.6 | 0.5 | -35.9% |
| Others | 2.1 | 1.7 | 3.2 | 5.3 | 36.2% |
| Total | 17.4 | 13.8 | 22.3 | 28.0 | 17.2% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Sweden in 2022:
- Taiwan (Chinese) (3.1K tons)
- Italy (1.6K tons)
- China (1.1K tons)
- South Korea (0.1K tons)
- Spain (0.1K tons)
Imports of Steel, Stainless; Ingots and Other Primary Forms in Sweden
In 2022, the amount of steel, stainless; ingots and other primary formses imported into Sweden shrank to 4.6K tons, falling by -12.7% against the year before. In general, imports showed a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 3% against the previous year.
In value terms, imports of steel, stainless; ingots and other primary formses expanded remarkably to $8.4M in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.0 | 4.4 | 5.8 | 5.1 | -13.9% |
| Italy | 1.5 | 1.0 | 1.4 | 2.6 | 20.1% |
| United States | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.6 | 0.4 | 0.2 | 0.5 | -5.9% |
| Total | 10.2 | 5.9 | 7.3 | 8.4 | -6.3% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Sweden in 2022:
- Germany (4.1K tons)
- Italy (0.2K tons)
- United States (0.1K tons)
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