Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in India - 2023
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in India (CIF) - 2022
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in India (FOB) - 2022
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in India
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in India
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in India (CIF) - 2022
The average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $6,297 per ton in 2022, jumping by 17% against the previous year. Over the period under review, the import price recorded a strong expansion. The growth pace was the most rapid in 2021 an increase of 52%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($9,595 per ton), while the price for the United States ($1,507 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in India (FOB) - 2022
In 2022, the average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $3,023 per ton, growing by 62% against the previous year. Over the period under review, the export price saw a remarkable increase. The pace of growth was the most pronounced in 2018 an increase of 229%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($3,786 per ton), while the average price for exports to Nepal ($763 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 Italy (+7.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in India
In 2022, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia into India amounted to 9.6K tons, picking up by 1.5% compared with 2021. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia soared to $61M in 2022. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 107% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 33.3 | 19.8 | 42.8 | 52.7 | 16.5% |
| China | 0.1 | N/A | 0.6 | 2.9 | 207.2% |
| United Arab Emirates | N/A | 0.1 | N/A | 2.3 | 379.6% |
| Germany | 0.7 | 1.3 | 0.1 | 1.8 | 37.0% |
| Belgium | N/A | 0.2 | N/A | 0.5 | 58.1% |
| United States | 0.2 | 0.1 | 0.5 | 0.3 | 14.5% |
| Italy | 2.5 | 2.6 | 1.6 | 0.1 | -65.8% |
| Others | 0.7 | 0.6 | 5.4 | 0.2 | -34.1% |
| Total | 37.6 | 24.7 | 51.1 | 60.7 | 17.3% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to India in 2022:
- Sweden (7.6K tons)
- United Arab Emirates (0.8K tons)
- China (0.7K tons)
- United States (0.2K tons)
- Germany (0.2K tons)
- Belgium (0.1K tons)
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in India
In 2022, approx. 18K tons of steel, stainless; semi-finished products, other than of rectangular cross-sectia were exported from India; with an increase of 6.9% against the year before. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 145%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in years to come.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia skyrocketed to $54M in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 120% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 7.9 | 7.0 | 13.0 | 26.2 | 49.1% |
| Vietnam | 5.1 | 2.9 | 8.4 | 13.9 | 39.7% |
| Italy | 0.1 | 0.1 | 0.2 | 3.4 | 224.0% |
| Netherlands | 1.4 | 1.6 | 3.3 | 3.2 | 31.7% |
| Nepal | N/A | 0.1 | 3.4 | 2.0 | 347.2% |
| Portugal | N/A | 0.1 | 0.1 | 1.4 | 274.2% |
| Others | 2.4 | 2.4 | 2.6 | 3.8 | 16.6% |
| Total | 17.0 | 14.1 | 31.0 | 53.8 | 46.8% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from India in 2022:
- Taiwan (Chinese) (7.8K tons)
- Vietnam (4.4K tons)
- Nepal (2.6K tons)
- Netherlands (0.9K tons)
- Italy (0.9K tons)
- Portugal (0.5K tons)
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