Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in the UK - 2024
Contents:
- Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in the UK (CIF) - 2022
- Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in the UK (FOB) - 2022
- Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in the UK
- Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in the UK
Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in the UK (CIF) - 2022
The average import price for alloy steel flat-rolled products, of a width of less than 600mms stood at $2,606 per ton in 2022, shrinking by -20.2% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for alloy steel flat-rolled products, of a width of less than 600mms increased by +17.0% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 47%. As a result, import price attained the peak level of $3,265 per ton, and then contracted remarkably in the following year.
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 Japan ($14,199 per ton), while the price for Spain ($1,569 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in the UK (FOB) - 2022
In 2022, the average export price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $4,245 per ton, growing by 17% against the previous year. Over the period under review, the export price posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($11,639 per ton), while the average price for exports to France ($1,799 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 (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in the UK
Imports of alloy steel flat-rolled products, of a width of less than 600mms into the UK soared to 26K tons in 2022, picking up by 131% compared with the previous year's figure. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms skyrocketed to $66M in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 2.0 | 5.1 | 9.3 | 15.9 | 99.6% |
| Spain | N/A | N/A | N/A | 9.6 | 0% |
| Germany | 9.3 | 8.1 | 6.0 | 7.2 | -8.2% |
| Japan | 3.1 | 1.0 | 3.6 | 6.8 | 29.9% |
| Sweden | 1.2 | 1.4 | 3.0 | 5.5 | 66.1% |
| India | N/A | N/A | 4.3 | 5.0 | 16.3% |
| France | 4.1 | 2.1 | 3.1 | 4.7 | 4.7% |
| Italy | 1.4 | 0.4 | 0.9 | 2.4 | 19.7% |
| Turkey | N/A | 0.3 | 1.5 | 2.0 | 158.2% |
| China | 0.3 | 0.2 | 0.5 | 1.7 | 78.3% |
| Netherlands | 1.1 | 0.4 | 0.7 | 1.2 | 2.9% |
| Others | 3.8 | 2.8 | 3.0 | 4.5 | 5.8% |
| Total | 26.5 | 21.6 | 36.0 | 66.5 | 35.9% |
Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm to the UK in 2022:
- Austria (8.0K tons)
- Spain (6.1K tons)
- Sweden (2.8K tons)
- Germany (2.4K tons)
- Turkey (1.0K tons)
- France (1.0K tons)
- Italy (0.9K tons)
- India (0.8K tons)
- Netherlands (0.6K tons)
- Japan (0.5K tons)
- China (0.4K tons)
Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in the UK
Exports of alloy steel flat-rolled products, of a width of less than 600mms from the UK shrank rapidly to 13K tons in 2022, waning by -17% against the year before. Overall, exports saw a sharp decrease. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year.
In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms contracted slightly to $56M in 2022. In general, exports recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of 65% against the previous year.
| Export of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.7 | 7.0 | 26.1 | 27.5 | 46.8% |
| China | 3.4 | 4.9 | 6.3 | 6.3 | 22.8% |
| Mexico | 4.0 | 5.2 | 6.0 | 4.7 | 5.5% |
| United States | 2.6 | 2.6 | 7.9 | 4.6 | 20.9% |
| Italy | 4.9 | 2.9 | 0.8 | 1.9 | -27.1% |
| Sweden | 1.1 | 1.1 | 1.3 | 1.8 | 17.8% |
| France | 6.2 | 1.2 | 1.4 | 1.7 | -35.0% |
| Ireland | 0.7 | 0.5 | 0.9 | 0.9 | 8.7% |
| Norway | 0.8 | 0.7 | 0.9 | 0.9 | 4.0% |
| Slovakia | 8.2 | 5.2 | 0.5 | 0.3 | -66.8% |
| Spain | 5.1 | 0.1 | 0.1 | 0.1 | -73.0% |
| Belgium | 2.4 | N/A | 0.1 | N/A | -79.6% |
| Others | 12.1 | 3.4 | 5.2 | 4.7 | -27.0% |
| Total | 60.3 | 34.7 | 57.4 | 55.6 | -2.7% |
Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm from the UK in 2022:
- Germany (5.9K tons)
- China (1.4K tons)
- United States (1.2K tons)
- France (1.0K tons)
- Sweden (0.9K tons)
- Mexico (0.8K tons)
- Ireland (0.4K tons)
- Norway (0.4K tons)
- Italy (0.2K tons)
- Slovakia (0.1K tons)
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