Price for Stainless Steel in Ingots or Other Primary Forms in Portugal - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Portugal (CIF) - 2023
- Price for Stainless Steel in Ingots or Other Primary Forms in Portugal (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Portugal
- Exports of Stainless Steel in Ingots or Other Primary Forms in Portugal
Price for Stainless Steel in Ingots or Other Primary Forms in Portugal (CIF) - 2023
The average import price for stainless steel in ingots or other primary forms stood at $4,561 per ton in August 2023, surging by 26% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was India ($173K per ton), while the price for Sweden ($3,877 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by India (+49.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel in Ingots or Other Primary Forms in Portugal (FOB) - 2022
The average export price for stainless steel in ingots or other primary forms stood at $3,808 per ton in 2022, surging by 27% against the previous year. In general, the export price saw a prominent expansion. The growth pace was the most rapid in 2013 an increase of 281% against the previous year. The export price peaked at $12,207 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($16,559 per ton), while the average price for exports to Spain amounted to $2,500 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+225.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Stainless Steel in Ingots or Other Primary Forms in Portugal
In 2022, the amount of stainless steel in ingots or other primary forms imported into Portugal rose notably to 22K tons, growing by 14% compared with the year before. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of stainless steel in ingots or other primary forms skyrocketed to $97M in 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Stainless Steel in Ingots or Other Primary Forms in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 23.2 | 22.3 | 40.2 | 67.4 | 42.7% |
| Germany | 3.4 | 2.3 | 4.5 | 8.5 | 35.7% |
| France | 5.1 | 7.4 | 9.2 | 8.4 | 18.1% |
| Sweden | 1.3 | 1.6 | 3.9 | 7.7 | 80.9% |
| Spain | 3.1 | 1.0 | 1.6 | 2.0 | -13.6% |
| Taiwan (Chinese) | N/A | 0.1 | 0.1 | 1.7 | 312.3% |
| Others | 0.4 | 0.4 | 0.7 | 1.4 | 51.8% |
| Total | 36.5 | 35.0 | 60.2 | 97.1 | 38.6% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Portugal in 2022:
- United Kingdom (14.6K tons)
- France (2.1K tons)
- Sweden (1.9K tons)
- Germany (1.9K tons)
- Taiwan (Chinese) (0.4K tons)
- Spain (0.4K tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Portugal
In 2022, shipments abroad of stainless steel in ingots or other primary forms decreased by -39.9% to 2.9K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 119% against the previous year. As a result, the exports attained the peak of 4.8K tons, and then reduced notably in the following year.
In value terms, exports of stainless steel in ingots or other primary forms contracted notably to $11M in 2022. Over the period under review, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 141%. As a result, the exports attained the peak of $14M, and then fell notably in the following year.
| Export of Stainless Steel in Ingots or Other Primary Forms in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2.4 | 2.2 | 8.7 | 6.5 | 39.4% |
| France | 4.6 | 3.3 | 4.0 | 3.3 | -10.5% |
| Others | 0.8 | 0.4 | 1.8 | 1.2 | 14.5% |
| Total | 7.7 | 6.0 | 14.4 | 11.0 | 12.6% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Portugal in 2022:
- Spain (2613.2 tons)
- France (198.5 tons)
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