Price for Stainless Steel in Ingots or Other Primary Forms in Belgium - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Belgium (FOB) - 2023
- Price for Stainless Steel in Ingots or Other Primary Forms in Belgium (CIF) - 2023
- Exports of Stainless Steel in Ingots or Other Primary Forms in Belgium
- Imports of Stainless Steel in Ingots or Other Primary Forms in Belgium
Price for Stainless Steel in Ingots or Other Primary Forms in Belgium (FOB) - 2023
In August 2023, the average export price for stainless steel in ingots or other primary forms amounted to $4,890 per ton, growing by 7.3% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 30% against the previous month. As a result, the export price attained the peak level of $6,034 per ton. From May 2023 to August 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From August 2022 to August 2023, the rate of growth in terms of prices for South Korea amounted to -0.8% per month.
Price for Stainless Steel in Ingots or Other Primary Forms in Belgium (CIF) - 2023
In August 2023, the average import price for stainless steel in ingots or other primary forms amounted to $3,092 per ton, surging by 18% against the previous month. Overall, the import price, however, recorded a noticeable slump. The pace of growth was the most pronounced in January 2023 when the average import price increased by 39% against the previous month. Over the period under review, average import prices reached the maximum at $4,384 per ton in August 2022; however, from September 2022 to August 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From August 2022 to August 2023, the rate of growth in terms of prices for South Korea amounted to +30.9% per month.
Exports of Stainless Steel in Ingots or Other Primary Forms in Belgium
In 2022, after three years of growth, there was decline in shipments abroad of stainless steel in ingots or other primary forms, when their volume decreased by -3.4% to 23K tons. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 83% against the previous year.
In value terms, exports of stainless steel in ingots or other primary forms soared to $95M in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 65% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Stainless Steel in Ingots or Other Primary Forms in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 23.5 | 38.7 | 61.4 | 87.0 | 54.7% |
| Italy | N/A | N/A | N/A | 3.8 | 0% |
| South Korea | 1.8 | 3.3 | 3.9 | 2.1 | 5.3% |
| Netherlands | 0.6 | 1.5 | 1.7 | 1.3 | 29.4% |
| Russia | 1.3 | 1.8 | 1.5 | 0.1 | -57.5% |
| Others | 0.6 | 0.7 | 1.7 | 1.2 | 26.0% |
| Total | 27.9 | 46.0 | 70.3 | 95.5 | 50.7% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Belgium in 2022:
- France (21.1K tons)
- Italy (0.9K tons)
- South Korea (0.5K tons)
- Netherlands (0.4K tons)
Imports of Stainless Steel in Ingots or Other Primary Forms in Belgium
After three years of growth, supplies from abroad of stainless steel in ingots or other primary forms decreased by -33.1% to 30K tons in 2022. In general, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 121% against the previous year.
In value terms, imports of stainless steel in ingots or other primary forms dropped remarkably to $85M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +19.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 67%.
| Import of Stainless Steel in Ingots or Other Primary Forms in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 19.2 | 66.8 | 89.4 | 37.3 | 24.8% |
| Brazil | N/A | N/A | N/A | 28.9 | 0% |
| South Korea | 1.4 | N/A | 1.2 | 5.7 | 59.7% |
| United Kingdom | 0.3 | 0.1 | 0.4 | 3.8 | 133.1% |
| Sweden | 1.7 | 2.1 | 2.2 | 2.4 | 12.2% |
| Germany | 24.8 | 11.4 | 0.7 | 0.8 | -68.2% |
| Others | 2.7 | 3.4 | 8.0 | 6.2 | 31.9% |
| Total | 50.2 | 83.7 | 102 | 85.0 | 19.2% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Belgium in 2022:
- France (14.6K tons)
- Brazil (11.5K tons)
- South Korea (1.5K tons)
- United Kingdom (1.0K tons)
- Sweden (0.5K tons)
- Germany (0.1K tons)
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