Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Italy - 2023
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Italy (FOB) - 2023
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Italy (CIF) - 2023
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Italy
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Italy
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Italy (FOB) - 2023
The average export price for stainless steel bars and rods, angles, shapes and sectionses stood at $6,575 per ton in October 2023, with an increase of 13% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($7,438 per ton), while the average price for exports to Switzerland ($4,727 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 the United States (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Italy (CIF) - 2023
The average import price for stainless steel bars and rods, angles, shapes and sectionses stood at $3,808 per ton in October 2023, reducing by -36.1% against the previous month. Over the period under review, the import price recorded a mild decrease. The pace of growth appeared the most rapid in August 2023 an increase of 41% against the previous month. As a result, import price reached the peak level of $6,765 per ton. From September 2023 to October 2023, the average 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 ($6,099 per ton), while the price for India ($3,436 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 Germany (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Italy
In 2022, exports of stainless steel bars and rods, angles, shapes and sectionses from Italy declined to 276K tons, which is down by -2.2% on the year before. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, the exports attained the peak of 283K tons, and then fell slightly in the following year.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses skyrocketed to $1.6B in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.6% 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 +86.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 46%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 238 | 191 | 337 | 434 | 22.2% |
| United States | 180 | 132 | 170 | 268 | 14.2% |
| France | 83.6 | 59.7 | 92.5 | 137 | 17.9% |
| Sweden | 44.9 | 32.6 | 51.8 | 71.9 | 17.0% |
| United Kingdom | 54.0 | 45.1 | 52.9 | 64.8 | 6.3% |
| Spain | 47.5 | 41.9 | 62.6 | 59.4 | 7.7% |
| Denmark | 27.7 | 24.0 | 39.8 | 51.6 | 23.0% |
| Poland | 31.7 | 27.1 | 43.7 | 46.6 | 13.7% |
| Switzerland | 29.2 | 24.1 | 38.3 | 46.6 | 16.9% |
| Canada | 43.5 | 48.9 | 38.9 | 44.7 | 0.9% |
| Czech Republic | 24.0 | 20.4 | 32.2 | 40.1 | 18.7% |
| Romania | 11.8 | 13.1 | 18.6 | 28.2 | 33.7% |
| Turkey | 18.7 | 17.8 | 23.8 | 28.0 | 14.4% |
| Others | 215 | 192 | 266 | 303 | 12.1% |
| Total | 1,050 | 870 | 1,268 | 1,623 | 15.6% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Italy in 2022:
- Germany (75.9K tons)
- United States (40.8K tons)
- France (23.0K tons)
- Sweden (11.4K tons)
- United Kingdom (10.5K tons)
- Spain (10.2K tons)
- Denmark (9.0K tons)
- Canada (8.4K tons)
- Switzerland (8.3K tons)
- Poland (8.2K tons)
- Czech Republic (7.0K tons)
- Romania (6.0K tons)
- Turkey (5.3K tons)
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Italy
In 2022, the amount of stainless steel bars and rods, angles, shapes and sectionses imported into Italy surged to 103K tons, increasing by 22% compared with 2021 figures. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses soared to $501M in 2022. In general, imports showed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 64.8 | 42.1 | 57.9 | 121 | 23.1% |
| Spain | 68.1 | 52.8 | 65.3 | 101 | 14.0% |
| Germany | 43.2 | 34.7 | 41.8 | 60.7 | 12.0% |
| France | 41.6 | 35.3 | 52.9 | 58.6 | 12.1% |
| Switzerland | 24.9 | 15.1 | 31.4 | 37.2 | 14.3% |
| Sweden | 14.8 | 9.6 | 13.0 | 25.9 | 20.5% |
| Austria | 14.1 | 13.4 | 10.3 | 22.7 | 17.2% |
| Others | 53.5 | 47.1 | 68.0 | 74.7 | 11.8% |
| Total | 325 | 250 | 341 | 501 | 15.5% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Italy in 2022:
- India (32.1K tons)
- Spain (20.3K tons)
- Germany (15.4K tons)
- France (11.1K tons)
- Switzerland (8.0K tons)
- Sweden (4.4K tons)
- Austria (2.4K tons)
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