Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Indonesia - 2022
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Indonesia (CIF) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Indonesia (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Indonesia
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Indonesia
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Indonesia (CIF) - 2022
The average import price for iron or steel; non-threaded cotters and cotter-pinses stood at $11,083 per ton in March 2022, increasing by 4.7% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2022 when the average import price increased by 27% month-to-month. The import price peaked in March 2022.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was the United States ($37,457 per ton), while the price for China ($2,564 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Indonesia (FOB) - 2022
In 2022, the average export price for iron or steel; non-threaded cotters and cotter-pinses amounted to $14,784 per ton, surging by 16% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 96% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($19,232 per ton), while the average price for exports to Brazil ($8,488 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 the United States (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Indonesia
Imports of iron or steel; non-threaded cotters and cotter-pinses into Indonesia skyrocketed to 3K tons in 2022, with an increase of 21% compared with the previous year. Over the period under review, imports posted a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 99% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses surged to $32M in 2022. Overall, imports posted a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 123% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 8.9 | 5.1 | 15.7 | 20.2 | 31.4% |
| China | 3.5 | 1.6 | 2.5 | 4.4 | 7.9% |
| Vietnam | 1.5 | 1.2 | 1.4 | 1.7 | 4.3% |
| Thailand | 1.5 | 1.0 | 1.7 | 1.6 | 2.2% |
| United States | 1.0 | 0.6 | 0.7 | 1.4 | 11.9% |
| Taiwan (Chinese) | 0.4 | 0.3 | 0.6 | 0.4 | 0.0% |
| Others | 2.3 | 1.1 | 1.6 | 2.6 | 4.2% |
| Total | 19.0 | 10.8 | 24.2 | 32.3 | 19.3% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Indonesia in 2022:
- Japan (1308.3 tons)
- China (1094.3 tons)
- Vietnam (212.5 tons)
- Thailand (149.4 tons)
- United States (45.1 tons)
- Taiwan (Chinese) (35.7 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Indonesia
In 2022, shipments abroad of iron or steel; non-threaded cotters and cotter-pinses decreased by -65.5% to 41 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a moderate increase. The most prominent rate of growth was recorded in 2021 when exports increased by 186% against the previous year. As a result, the exports attained the peak of 120 tons, and then declined rapidly in the following year.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses dropped sharply to $610K in 2022. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 175% against the previous year. As a result, the exports reached the peak of $1.5M, and then declined significantly in the following year.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 32.6 | 121 | 514 | 102 | 46.3% |
| Japan | 117 | 157 | 131 | 87.0 | -9.4% |
| Thailand | 64.7 | 32.4 | 18.9 | 62.1 | -1.4% |
| Vietnam | 38.5 | 38.7 | 314 | 53.3 | 11.5% |
| South Korea | 79.5 | 118 | 79.4 | 50.7 | -13.9% |
| United States | 0.9 | 0.2 | 102 | 50.0 | 281.6% |
| Singapore | 18.7 | 31.2 | 24.7 | 22.1 | 5.7% |
| Others | 96.7 | 54.1 | 337 | 183 | 23.7% |
| Total | 449 | 553 | 1,522 | 610 | 10.8% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Indonesia in 2022:
- Brazil (12.1 tons)
- Japan (5.0 tons)
- Thailand (5.0 tons)
- South Korea (5.0 tons)
- United States (4.6 tons)
- Vietnam (2.8 tons)
- Singapore (2.1 tons)
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