Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Sri Lanka - 2022
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Sri Lanka (CIF) - 2022
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Sri Lanka (FOB) - 2022
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Sri Lanka
- Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Sri Lanka
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Sri Lanka (CIF) - 2022
The average import price for stainless steel; flat-rolled products of width less than 600mms stood at $2,928 per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 49%. As a result, import price attained the peak level of $2,962 per ton, and then reduced in the following year.
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 Singapore ($12,604 per ton), while the price for Hong Kong SAR ($1,578 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+12.9%), 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 Sri Lanka (FOB) - 2022
The average export price for stainless steel; flat-rolled products of width less than 600mms stood at $2,773 per ton in 2022, dropping by -23.4% against the previous year. Over the period under review, the export price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2020 an increase of 153% against the previous year. As a result, the export price attained the peak level of $6,196 per ton. From 2021 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 Germany ($19,600 per ton), while the average price for exports to India totaled $2,432 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+34.7%).
Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Sri Lanka
In 2022, overseas purchases of stainless steel; flat-rolled products of width less than 600mms decreased by -35.8% to 347 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 9.9%. As a result, imports attained the peak of 713 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of stainless steel; flat-rolled products of width less than 600mms shrank significantly to $1M in 2022. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. As a result, imports attained the peak of $1.6M, and then shrank markedly in the following year.
| Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 488 | 279 | 681 | 433 | -3.9% |
| India | 375 | 731 | 408 | 175 | -22.4% |
| Singapore | 1.2 | 52.2 | 47.0 | 139 | 387.5% |
| Malaysia | 370 | 246 | 361 | 112 | -32.9% |
| Hong Kong SAR | 1.6 | 2.7 | 8.5 | 9.0 | 77.8% |
| Others | 149 | 104 | 96.6 | 147 | -0.4% |
| Total | 1,385 | 1,415 | 1,602 | 1,016 | -9.8% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Sri Lanka in 2022:
- China (211.5 tons)
- India (67.8 tons)
- Malaysia (39.3 tons)
- Singapore (11.0 tons)
- Hong Kong SAR (5.7 tons)
Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Sri Lanka
In 2022, approx. 790 kg of stainless steel; flat-rolled products of width less than 600mms were exported from Sri Lanka; with an increase of 86% on the previous year. Over the period under review, exports, however, showed a deep downturn.
In value terms, exports of stainless steel; flat-rolled products of width less than 600mms surged to $2.2K in 2022. In general, exports, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2020 with an increase of 283% against the previous year. As a result, the exports reached the peak of $9.7K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.3 | 6.8 | 1.4 | 1.9 | -6.2% |
| Others | 0.2 | 2.9 | 0.2 | 0.3 | 14.5% |
| Total | 2.5 | 9.7 | 1.5 | 2.2 | -4.2% |
Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Sri Lanka in 2022:
- India (777.0 kg)
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