Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Germany - 2023
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Germany (CIF) - 2023
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Germany (FOB) - 2023
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Germany
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Germany
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Germany (CIF) - 2023
The average import price for stainless steel bars and rods, angles, shapes and sectionses stood at $4,145 per ton in October 2023, waning by -27.6% against the previous month. In general, the import price saw a perceptible shrinkage. The pace of growth appeared the most rapid in May 2023 an increase of 11% month-to-month. Over the period under review, average import prices attained the peak figure at $6,414 per ton in February 2023; however, from March 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Switzerland ($6,742 per ton), while the price for India ($3,777 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Germany (FOB) - 2023
The average export price for stainless steel bars and rods, angles, shapes and sectionses stood at $6,583 per ton in October 2023, with an increase of 4.4% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in September 2023 an increase of 8.9% month-to-month. Over the period under review, the average export prices reached the peak figure in October 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($9,656 per ton), while the average price for exports to Turkey ($4,897 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Germany
Imports of stainless steel bars and rods, angles, shapes and sectionses into Germany amounted to 261K tons in 2022, picking up by 2.1% on the previous year's figure. The total import volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses skyrocketed to $1.5B in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 229 | 181 | 314 | 441 | 24.4% |
| Spain | 155 | 142 | 204 | 277 | 21.4% |
| India | 98.3 | 46.9 | 79.7 | 121 | 7.2% |
| Sweden | 21.7 | 16.2 | 39.1 | 95.2 | 63.7% |
| France | 96.2 | 72.4 | 103 | 86.9 | -3.3% |
| Austria | 62.4 | 49.3 | 55.0 | 83.2 | 10.1% |
| Switzerland | 35.2 | 22.2 | 38.2 | 64.3 | 22.2% |
| Netherlands | 16.0 | 35.8 | 33.1 | 45.4 | 41.6% |
| United Kingdom | 13.3 | 15.7 | 33.0 | 44.5 | 49.6% |
| Portugal | 15.4 | 14.3 | 25.2 | 37.1 | 34.1% |
| Belgium | 4.7 | 27.4 | 28.3 | 34.1 | 93.6% |
| Slovenia | 11.9 | 9.1 | 13.1 | 21.7 | 22.2% |
| Luxembourg | 15.7 | 16.8 | 25.0 | 19.1 | 6.8% |
| Others | 64.7 | 62.1 | 82.3 | 94.9 | 13.6% |
| Total | 840 | 712 | 1,074 | 1,465 | 20.4% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Germany in 2022:
- Italy (78.1K tons)
- Spain (47.4K tons)
- India (30.7K tons)
- France (16.2K tons)
- Sweden (13.4K tons)
- Netherlands (10.5K tons)
- Austria (10.4K tons)
- Switzerland (9.8K tons)
- Belgium (7.0K tons)
- Portugal (5.2K tons)
- United Kingdom (5.2K tons)
- Slovenia (4.5K tons)
- Luxembourg (4.3K tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Germany
In 2022, the amount of stainless steel bars and rods, angles, shapes and sectionses exported from Germany was estimated at 178K tons, growing by 2.2% against the year before. The total export volume increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 11%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses skyrocketed to $1B in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.0% 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 +48.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 23% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 76.5 | 79.3 | 93.8 | 108 | 12.2% |
| United States | 69.9 | 56.2 | 65.7 | 98.3 | 12.0% |
| Poland | 46.4 | 48.7 | 67.1 | 81.3 | 20.6% |
| Netherlands | 52.6 | 49.9 | 59.2 | 71.0 | 10.5% |
| Austria | 42.1 | 38.7 | 71.7 | 67.5 | 17.0% |
| Switzerland | 52.3 | 40.1 | 54.6 | 67.0 | 8.6% |
| Italy | 39.0 | 33.7 | 44.6 | 62.6 | 17.1% |
| China | 40.6 | 46.9 | 62.9 | 61.4 | 14.8% |
| Czech Republic | 33.6 | 32.0 | 36.8 | 49.5 | 13.8% |
| United Kingdom | 45.7 | 36.9 | 31.6 | 43.0 | -2.0% |
| Turkey | 20.0 | 20.0 | 23.6 | 33.8 | 19.1% |
| Spain | 17.7 | 17.0 | 24.0 | 29.3 | 18.3% |
| Slovakia | 8.8 | 10.4 | 12.1 | 15.9 | 21.8% |
| Others | 201 | 196 | 220 | 261 | 9.1% |
| Total | 747 | 706 | 868 | 1,050 | 12.0% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Germany in 2022:
- France (16.7K tons)
- United States (16.3K tons)
- Italy (14.9K tons)
- Poland (13.5K tons)
- China (11.3K tons)
- Austria (11.0K tons)
- Netherlands (10.8K tons)
- Spain (9.9K tons)
- Switzerland (8.1K tons)
- Czech Republic (7.8K tons)
- United Kingdom (6.7K tons)
- Turkey (6.1K tons)
- Slovakia (6.0K tons)
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