Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Indonesia - 2022
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Indonesia (CIF) - 2022
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Indonesia (FOB) - 2022
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Indonesia
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Indonesia
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Indonesia (CIF) - 2022
The average import price for stainless steel bars and rods, angles, shapes and sectionses stood at $2,378 per ton in 2022, growing by 66% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices reached the peak figure at $2,472 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($5,747 per ton), while the price for Turkey ($1,105 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.8%), 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 Indonesia (FOB) - 2022
The average export price for stainless steel bars and rods, angles, shapes and sectionses stood at $1,879 per ton in 2022, reducing by -8.5% against the previous year. Overall, the export price, however, saw measured growth. The most prominent rate of growth was recorded in 2013 an increase of 128% against the previous year. Over the period under review, the average export prices reached the maximum at $2,816 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 Australia ($5,556 per ton), while the average price for exports to Timor-Leste ($658 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 Singapore (+6.3%), 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 Indonesia
In 2022, imports of stainless steel bars and rods, angles, shapes and sectionses into Indonesia fell rapidly to 34K tons, reducing by -50.5% against 2021 figures. Overall, imports saw a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 129%. As a result, imports attained the peak of 68K tons, and then shrank dramatically in the following year.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses contracted rapidly to $80M in 2022. In general, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 90%. As a result, imports reached the peak of $98M, and then declined sharply in the following year.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.4 | 17.6 | 60.6 | 34.0 | 20.6% |
| Japan | 15.5 | 7.9 | 11.9 | 13.4 | -4.7% |
| India | 15.7 | 6.6 | 6.5 | 10.1 | -13.7% |
| Singapore | 15.5 | 7.0 | 5.0 | 5.4 | -29.6% |
| Taiwan (Chinese) | 3.8 | 2.0 | 2.4 | 3.8 | 0.0% |
| Thailand | 1.1 | 0.8 | 0.9 | 1.6 | 13.3% |
| Turkey | 0.5 | 0.2 | 0.2 | 1.4 | 40.9% |
| Ukraine | 2.7 | N/A | N/A | N/A | 0% |
| Others | 10.8 | 9.3 | 10.1 | 10.3 | -1.6% |
| Total | 85.1 | 51.4 | 97.6 | 80.0 | -2.0% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Indonesia in 2022:
- China (20.2K tons)
- India (4.1K tons)
- Japan (2.3K tons)
- Singapore (1.7K tons)
- Taiwan (Chinese) (1.4K tons)
- Turkey (1.3K tons)
- Thailand (0.6K tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Indonesia
After three years of growth, overseas shipments of stainless steel bars and rods, angles, shapes and sectionses decreased by -2.2% to 1.8K tons in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.8% 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 +89.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 68%.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses shrank to $3.3M in 2022. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 90%. As a result, the exports reached the peak of $3.7M, and then contracted in the following year.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 706 | 1,506 | 914 | 2,101 | 43.8% |
| Australia | 647 | N/A | 1,173 | 736 | 4.4% |
| Japan | 103 | 38.0 | 876 | 112 | 2.8% |
| Timor-Leste | N/A | 54.4 | 251 | 70.0 | 13.4% |
| India | 77.4 | 39.9 | 384 | N/A | 122.7% |
| Others | 229 | 302 | 83.0 | 275 | 6.3% |
| Total | 1,763 | 1,940 | 3,681 | 3,293 | 23.2% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Indonesia in 2022:
- Singapore (1438.5 tons)
- Australia (132.5 tons)
- Timor-Leste (106.3 tons)
- Japan (15.8 tons)
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