Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in the UK - 2024
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in the UK (CIF) - 2022
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in the UK (FOB) - 2022
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in the UK
- Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in the UK
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in the UK (CIF) - 2022
The average import price for stainless steel; flat-rolled products of width less than 600mms stood at $5,698 per ton in 2022, surging by 52% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for stainless steel; flat-rolled products of width less than 600mms increased by +67.9% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($10,299 per ton), while the price for Spain ($3,102 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+14.6%), 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 the UK (FOB) - 2022
The average export price for stainless steel; flat-rolled products of width less than 600mms stood at $6,452 per ton in 2022, growing by 25% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for stainless steel; flat-rolled products of width less than 600mms increased by +91.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 53% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($12,991 per ton), while the average price for exports to Sweden ($2,511 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 the United States (+13.1%), 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 the UK
In 2022, approx. 37K tons of stainless steel; flat-rolled products of width less than 600mms were imported into the UK; shrinking by -12.4% on the previous year's figure. In general, imports saw a pronounced decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 20%.
In value terms, imports of stainless steel; flat-rolled products of width less than 600mms soared to $209M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 38.8 | 36.6 | 48.1 | 45.7 | 5.6% |
| Finland | 7.0 | 4.9 | 8.3 | 26.6 | 56.0% |
| United States | 22.8 | 17.2 | 6.9 | 23.5 | 1.0% |
| Sweden | 5.9 | 8.1 | 14.1 | 21.7 | 54.4% |
| China | 0.7 | 0.6 | 5.1 | 17.9 | 194.6% |
| Italy | 9.6 | 7.1 | 8.9 | 16.2 | 19.1% |
| France | 13.8 | 11.0 | 8.0 | 14.0 | 0.5% |
| Indonesia | 1.3 | 1.8 | 2.6 | 6.8 | 73.6% |
| Vietnam | 4.1 | 1.5 | 4.9 | 6.5 | 16.6% |
| Spain | 10.2 | 6.5 | 8.0 | 4.4 | -24.4% |
| Taiwan (Chinese) | 1.9 | 1.6 | 2.7 | 4.1 | 29.2% |
| Belgium | 2.9 | 2.8 | 6.3 | 3.3 | 4.4% |
| Netherlands | 16.8 | 10.1 | 19.6 | 2.9 | -44.3% |
| Others | 10.9 | 8.2 | 13.7 | 15.3 | 12.0% |
| Total | 147 | 118 | 157 | 209 | 12.4% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to the UK in 2022:
- Germany (6.8K tons)
- Finland (5.3K tons)
- China (4.5K tons)
- Italy (3.2K tons)
- Sweden (3.2K tons)
- France (2.5K tons)
- United States (2.3K tons)
- Vietnam (1.5K tons)
- Spain (1.4K tons)
- Indonesia (1.0K tons)
- Taiwan (Chinese) (0.9K tons)
- Belgium (0.8K tons)
- Netherlands (0.7K tons)
Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in the UK
In 2022, the amount of stainless steel; flat-rolled products of width less than 600mms exported from the UK dropped to 4.7K tons, reducing by -9.8% on the previous year. Over the period under review, exports faced a abrupt descent. The smallest decline of -6.8% was in 2020.
In value terms, exports of stainless steel; flat-rolled products of width less than 600mms rose notably to $31M in 2022. In general, exports continue to indicate a noticeable slump.
| Export of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 0.7 | 0.8 | 1.5 | 3.5 | 71.0% |
| Germany | 3.4 | 2.6 | 2.7 | 3.4 | 0.0% |
| Canada | 1.3 | 1.8 | 2.5 | 3.0 | 32.1% |
| Czech Republic | 1.9 | 2.1 | 1.6 | 2.7 | 12.4% |
| United States | 4.1 | 2.0 | 2.0 | 2.6 | -14.1% |
| Romania | 0.2 | 0.2 | 1.8 | 1.2 | 81.7% |
| Netherlands | 1.9 | 2.3 | 1.1 | 1.2 | -14.2% |
| Ireland | 0.9 | 0.9 | 1.2 | 1.2 | 10.1% |
| Belgium | 0.9 | 0.3 | 1.8 | 1.1 | 6.9% |
| France | 2.2 | 0.8 | 1.3 | 1.0 | -23.1% |
| Italy | 1.5 | 1.2 | 0.6 | 0.9 | -15.7% |
| Poland | 1.3 | 0.6 | 1.0 | 0.9 | -11.5% |
| India | 3.0 | 3.5 | 0.5 | 0.2 | -59.5% |
| Others | 9.4 | 6.2 | 7.3 | 7.6 | -6.8% |
| Total | 32.5 | 25.3 | 27.1 | 30.6 | -2.0% |
Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from the UK in 2022:
- Sweden (1376.0 tons)
- Czech Republic (421.1 tons)
- Canada (411.6 tons)
- Germany (399.6 tons)
- United States (324.8 tons)
- Romania (234.9 tons)
- Netherlands (165.8 tons)
- France (147.0 tons)
- Ireland (144.4 tons)
- Italy (113.6 tons)
- Poland (110.7 tons)
- Belgium (70.2 tons)
- India (27.7 tons)
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