Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Singapore - 2023
Contents:
- Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Singapore (CIF) - 2022
- Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Singapore (FOB) - 2022
- Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Singapore
- Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Singapore
Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Singapore (CIF) - 2022
In 2022, the average import price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,454 per ton, with an increase of 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2021 an increase of 28%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($3,625 per ton), while the price for Japan ($1,213 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Singapore (FOB) - 2022
In 2022, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,182 per ton, shrinking by -5% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 22% against the previous year. As a result, the export price attained the peak level of $1,244 per ton, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($2,155 per ton), while the average price for exports to Indonesia ($901 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 India (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Singapore
In 2022, the amount of alloy steel flat-rolled products, of a width 600mm or mores imported into Singapore expanded markedly to 117K tons, increasing by 11% compared with the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 18%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores soared to $169M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 +92.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 51%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 25.4 | 16.9 | 31.5 | 52.6 | 27.5% |
| China | 38.7 | 25.9 | 50.0 | 50.8 | 9.5% |
| Sweden | 14.7 | 8.9 | 13.7 | 15.4 | 1.6% |
| Taiwan (Chinese) | 6.9 | 5.4 | 12.9 | 13.9 | 26.3% |
| Australia | 0.8 | 0.3 | 2.1 | 7.2 | 108.0% |
| United States | 0.6 | 0.6 | 1.0 | 6.9 | 125.7% |
| Belgium | 3.5 | 4.5 | 2.2 | 5.5 | 16.3% |
| Malaysia | 3.7 | 3.1 | 4.2 | 2.5 | -12.3% |
| South Korea | 2.0 | 4.2 | 3.1 | 1.1 | -18.1% |
| Others | 11.3 | 18.3 | 11.7 | 13.5 | 6.1% |
| Total | 108 | 87.9 | 133 | 169 | 16.1% |
Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width 600mm or More to Singapore in 2022:
- Japan (43.4K tons)
- China (30.4K tons)
- Taiwan (Chinese) (11.5K tons)
- Sweden (8.9K tons)
- Australia (4.8K tons)
- United States (4.3K tons)
- Belgium (3.2K tons)
- Malaysia (2.1K tons)
- South Korea (0.9K tons)
Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Singapore
In 2022, exports of alloy steel flat-rolled products, of a width 600mm or mores from Singapore surged to 80K tons, rising by 35% on the year before. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores skyrocketed to $94M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 47%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 22.8 | 17.7 | 31.3 | 42.9 | 23.5% |
| Indonesia | 18.0 | 14.1 | 19.6 | 27.3 | 14.9% |
| Pakistan | 0.3 | 0.7 | 1.7 | 4.3 | 142.9% |
| Vietnam | 2.3 | 1.9 | 4.1 | 3.1 | 10.5% |
| Myanmar | 4.1 | 3.2 | 2.0 | 2.9 | -10.9% |
| India | 1.8 | 1.1 | 2.3 | 2.7 | 14.5% |
| Thailand | 3.1 | 2.7 | 2.3 | 2.7 | -4.5% |
| China | 1.7 | 2.8 | 2.2 | 1.3 | -8.6% |
| Others | 5.3 | 5.8 | 8.3 | 7.0 | 9.7% |
| Total | 59.5 | 50.2 | 73.7 | 94.2 | 16.5% |
Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width 600mm or More from Singapore in 2022:
- Malaysia (36.7K tons)
- Indonesia (30.3K tons)
- Pakistan (2.6K tons)
- India (1.5K tons)
- Vietnam (1.5K tons)
- Thailand (1.2K tons)
- Myanmar (1.1K tons)
- China (0.8K tons)
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