Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Singapore - 2022
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Singapore (CIF) - 2022
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Singapore (FOB) - 2022
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Singapore
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Singapore
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Singapore (CIF) - 2022
The average import price for stainless steel bars and rods, angles, shapes and sectionses stood at $5,424 per ton in September 2022, therefore, remained relatively stable against the previous month. In general, the import price saw a perceptible shrinkage. The most prominent rate of growth was recorded in June 2022 when the average import price increased by 36% month-to-month. As a result, import price attained the peak level of $7,482 per ton. From July 2022 to September 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Italy ($12,320 per ton), while the price for Malaysia ($2,385 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Singapore (FOB) - 2022
In September 2022, the average export price for stainless steel bars and rods, angles, shapes and sectionses amounted to $7,087 per ton, picking up by 5.6% against the previous month. In general, the export price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 24% against the previous month. As a result, the export price reached the peak level of $9,771 per ton. From May 2022 to September 2022, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($14,156 per ton), while the average price for exports to Indonesia ($1,955 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+6.9%), while the prices for the other major destinations experienced a decline.
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Singapore
After three years of growth, overseas purchases of stainless steel bars and rods, angles, shapes and sectionses decreased by -2.7% to 29K tons in 2022. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 11%. As a result, imports attained the peak of 30K tons, and then contracted modestly in the following year.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses surged to $129M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.4 | 11.5 | 16.8 | 20.5 | 18.2% |
| Germany | 14.6 | 8.7 | 7.8 | 16.9 | 5.0% |
| Taiwan (Chinese) | 10.1 | 13.5 | 15.9 | 15.5 | 15.3% |
| Italy | 8.6 | 6.8 | 7.2 | 12.0 | 11.7% |
| India | 5.2 | 3.4 | 5.3 | 10.4 | 26.0% |
| Japan | 6.2 | 5.9 | 8.6 | 10.0 | 17.3% |
| Sweden | 8.2 | 10.1 | 8.9 | 8.4 | 0.8% |
| South Korea | 2.1 | 2.2 | 4.6 | 7.1 | 50.1% |
| Malaysia | 3.8 | 4.4 | 6.8 | 3.7 | -0.9% |
| United Kingdom | 8.5 | 7.5 | 4.5 | 3.2 | -27.8% |
| Others | 15.0 | 11.4 | 16.1 | 21.3 | 12.4% |
| Total | 94.6 | 85.3 | 102 | 129 | 10.9% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Singapore in 2022:
- China (8.7K tons)
- Taiwan (Chinese) (4.8K tons)
- Germany (3.0K tons)
- Japan (2.3K tons)
- India (2.1K tons)
- Italy (1.7K tons)
- Malaysia (1.3K tons)
- Sweden (1.1K tons)
- South Korea (1.1K tons)
- United Kingdom (0.4K tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Singapore
Exports of stainless steel bars and rods, angles, shapes and sectionses from Singapore contracted to 12K tons in 2022, with a decrease of -13.5% on the previous year's figure. Overall, exports continue to indicate a abrupt curtailment. The smallest decline of -8.3% was in 2021.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses soared to $67M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.1% 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 +62.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 36%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 14.6 | 12.8 | 25.6 | 32.3 | 30.3% |
| Indonesia | 12.1 | 9.0 | 12.3 | 13.8 | 4.5% |
| China | 7.0 | 11.0 | 9.8 | 8.5 | 6.7% |
| India | 1.0 | 0.6 | 0.6 | 2.2 | 30.1% |
| United States | 0.4 | 0.6 | 0.8 | 1.3 | 48.1% |
| Brunei Darussalam | 0.5 | 0.2 | 0.1 | 0.1 | -41.5% |
| Others | 7.1 | 7.0 | 6.6 | 8.5 | 6.2% |
| Total | 42.6 | 41.0 | 55.8 | 66.7 | 16.1% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Singapore in 2022:
- Indonesia (4.6K tons)
- Malaysia (4.3K tons)
- China (1.0K tons)
- India (0.2K tons)
- United States (0.2K tons)
- Brunei Darussalam (0.1K tons)
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