Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Australia - 2024

Contents:

1. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Australia (CIF) - 2022
2. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Australia (FOB) - 2022
3. Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Australia
4. Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Australia

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Australia (CIF) - 2022

In 2022, the average import price for stainless steel; flat-rolled products of width less than 600mms amounted to $3,853 per ton, picking up by 11% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 29%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Malaysia ($5,045 per ton) and Finland ($4,093 per ton), while the price for Germany ($3,498 per ton) and South Korea ($3,649 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Australia (FOB) - 2022

In 2022, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $6,148 per ton, picking up by 53% against the previous year. Overall, the export price continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2021 an increase of 148% against the previous year. Over the period under review, the average export prices attained the maximum at $10,058 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($9,261 per ton), while the average price for exports to Italy ($960 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 New Zealand (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Australia

In 2022, imports of stainless steel; flat-rolled products of width less than 600mms into Australia declined to 7.5K tons, waning by -5.8% compared with the previous year's figure. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 314%. As a result, imports reached the peak of 7.9K tons, and then contracted in the following year.

In value terms, imports of stainless steel; flat-rolled products of width less than 600mms rose to $29M in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 357%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Australia in 2022:

1. Taiwan (Chinese) (3.7K tons)
2. China (2.5K tons)
3. South Korea (0.7K tons)
4. Netherlands (0.2K tons)
5. Finland (0.1K tons)
6. Germany (0.1K tons)

Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Australia

In 2022, shipments abroad of stainless steel; flat-rolled products of width less than 600mms decreased by -14.2% to 532 tons, falling for the second year in a row after two years of growth. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 496% against the previous year. As a result, the exports attained the peak of 1.2K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of stainless steel; flat-rolled products of width less than 600mms surged to $3.3M in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 147% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Australia in 2022:

1. United States (283.3 tons)
2. Italy (142.5 tons)
3. New Zealand (27.4 tons)
4. Singapore (26.5 tons)
5. Papua New Guinea (17.8 tons)
6. Vietnam (10.3 tons)

Source: IndexBox Market Intelligence Platform