Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Russia - 2022
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Russia (CIF) - 2022
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Russia (FOB) - 2022
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Russia
- Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Russia
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Russia (CIF) - 2022
In 2022, the average import price for stainless steel; flat-rolled products of width less than 600mms amounted to $3,367 per ton, picking up by 13% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 39% against the previous year. As a result, import price attained the peak level of $3,424 per ton; afterwards, it flattened through to 2022.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($11,721 per ton), while the price for Taiwan (Chinese) ($1,810 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.9%), 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 Russia (FOB) - 2022
In 2022, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $4,716 per ton, rising by 17% against the previous year. In general, the export price, however, continues to indicate a slight slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 400% against the previous year. The export price peaked at $6,162 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($22,401 per ton), while the average price for exports to Lithuania ($1,273 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 Lithuania (+8.7%), 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 Russia
In 2022, overseas purchases of stainless steel; flat-rolled products of width less than 600mms decreased by -41.9% to 15K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a deep contraction. The growth pace was the most rapid in 2020 with an increase of 10%.
In value terms, imports of stainless steel; flat-rolled products of width less than 600mms reduced sharply to $49M in 2022. In general, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, imports reached the peak of $75M, and then plummeted in the following year.
| Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.8 | 16.0 | 27.5 | 27.0 | 31.8% |
| Turkey | 3.0 | 2.8 | 3.2 | 6.1 | 26.7% |
| South Korea | 12.9 | 15.1 | 18.7 | 5.0 | -27.1% |
| India | 5.3 | 5.9 | 3.6 | 2.7 | -20.1% |
| Italy | 6.0 | 4.1 | 4.7 | 2.4 | -26.3% |
| Taiwan (Chinese) | 1.6 | 1.0 | 1.0 | 0.9 | -17.5% |
| Poland | 2.5 | 2.4 | 3.0 | 0.9 | -28.9% |
| Others | 13.3 | 12.0 | 13.3 | 4.4 | -30.8% |
| Total | 56.4 | 59.4 | 75.0 | 49.1 | -4.5% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Russia in 2022:
- China (8.0K tons)
- Turkey (2.1K tons)
- South Korea (1.7K tons)
- Italy (0.8K tons)
- India (0.7K tons)
- Taiwan (Chinese) (0.5K tons)
- Poland (0.2K tons)
Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Russia
In 2022, shipments abroad of stainless steel; flat-rolled products of width less than 600mms decreased by -57.9% to 278 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 27%. As a result, the exports attained the peak of 673 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of stainless steel; flat-rolled products of width less than 600mms reduced rapidly to $1.3M in 2022. In general, exports faced a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year.
| Export of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 207 | 252 | 339 | 413 | 25.9% |
| China | 0.3 | 23.7 | 13.7 | 288 | 886.5% |
| Turkey | 8.2 | 0.7 | 13.4 | 275 | 222.5% |
| Latvia | 247 | 47.2 | 62.5 | 148 | -15.7% |
| Kyrgyzstan | 17.4 | 10.5 | 54.3 | 62.7 | 53.3% |
| Czech Republic | 26.2 | 1.9 | 1.3 | 33.8 | 8.9% |
| Uzbekistan | 22.4 | 7.4 | 24.0 | 19.5 | -4.5% |
| Lithuania | 47.3 | 70.1 | 2.0 | 15.0 | -31.8% |
| South Korea | 19.3 | 54.5 | 8.0 | N/A | -35.6% |
| India | 0.1 | N/A | 296 | N/A | 5340.6% |
| Belarus | 1,172 | 1,199 | 1,395 | N/A | 9.1% |
| Others | 1,495 | 163 | 447 | 56.3 | -66.5% |
| Total | 3,263 | 1,830 | 2,655 | 1,311 | -26.2% |
Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Russia in 2022:
- China (97.0 tons)
- Kazakhstan (82.2 tons)
- Turkey (23.0 tons)
- Kyrgyzstan (21.3 tons)
- Latvia (19.5 tons)
- Lithuania (11.8 tons)
- Uzbekistan (9.5 tons)
- Czech Republic (4.7 tons)
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