Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Pakistan - 2023
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Pakistan (CIF) - 2023
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Pakistan (FOB) - 2022
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Pakistan
- Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Pakistan
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Pakistan (CIF) - 2023
The average import price for stainless steel; flat-rolled products of width less than 600mms stood at $962 per ton in February 2023, which is down by -25.3% against the previous month. In general, the import price recorded a mild slump. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 14% m-o-m. As a result, import price reached the peak level of $1,328 per ton. From December 2022 to February 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In February 2023, the countries with the highest prices were Japan ($1,113 per ton) and China ($1,041 per ton), while the price for Spain ($751 per ton) and Sweden ($783 per ton) were amongst the lowest.
From August 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Japan (+0.4%), while the prices for the other major suppliers experienced a decline.
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Pakistan (FOB) - 2022
In 2022, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $14,151 per ton, picking up by 116% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 127%. As a result, the export price reached the peak level of $15,272 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($160,345 per ton), while the average price for exports to Angola ($8,544 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 Brazil (+2,242.9%), 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 Pakistan
In 2022, purchases abroad of stainless steel; flat-rolled products of width less than 600mms was finally on the rise to reach 8.5K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a deep contraction.
In value terms, imports of stainless steel; flat-rolled products of width less than 600mms expanded markedly to $9.9M in 2022. Overall, imports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 11%. As a result, imports reached the peak of $16M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.0 | 11.3 | 3.5 | 3.9 | -26.9% |
| Japan | 1.7 | 1.6 | 1.8 | 3.0 | 20.8% |
| Sweden | 1.9 | 2.8 | 3.4 | 2.6 | 11.0% |
| Others | 0.6 | 0.2 | 0.5 | 0.3 | -20.6% |
| Total | 14.3 | 15.9 | 9.1 | 9.9 | -11.5% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Pakistan in 2022:
- China (3.9K tons)
- Japan (2.4K tons)
- Sweden (1.9K tons)
Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Pakistan
In 2022, the amount of stainless steel; flat-rolled products of width less than 600mms exported from Pakistan skyrocketed to 1.5 tons, growing by 67% compared with the previous year. Overall, exports, however, faced a dramatic contraction.
In value terms, exports of stainless steel; flat-rolled products of width less than 600mms soared to $21K in 2022. Over the period under review, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | N/A | N/A | 0.9 | 10.0 | 1011.1% |
| Brazil | N/A | N/A | 4.9 | 4.7 | -4.1% |
| United Kingdom | N/A | N/A | N/A | 2.9 | 0% |
| Chile | N/A | N/A | N/A | 2.3 | 0% |
| Tunisia | 0.1 | N/A | N/A | 0.5 | 71.0% |
| Taiwan (Chinese) | 14.6 | 14.0 | N/A | N/A | -4.1% |
| Others | 2.3 | 2.4 | N/A | 0.7 | -32.7% |
| Total | 17.0 | 16.4 | 5.8 | 21.2 | 7.6% |
Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Pakistan in 2022:
- Angola (1169.0 kg)
- Chile (199.0 kg)
- United Kingdom (50.0 kg)
- Brazil (29.0 kg)
- Tunisia (23.0 kg)
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