Price for Stainless Steel in Ingots or Other Primary Forms in Ireland - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Ireland (CIF) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Ireland (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Ireland
- Exports of Stainless Steel in Ingots or Other Primary Forms in Ireland
Price for Stainless Steel in Ingots or Other Primary Forms in Ireland (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $10,151 per ton, increasing by 26% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 27%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($39,784 per ton), while the price for Belgium ($2,801 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel in Ingots or Other Primary Forms in Ireland (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $14,842 per ton, waning by -52.4% against the previous year. Overall, the export price showed a mild shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 1,788%. The export price peaked at $152,609 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($40,701 per ton), while the average price for exports to Singapore ($9,370 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 Mexico (+17.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Stainless Steel in Ingots or Other Primary Forms in Ireland
In 2022, overseas purchases of stainless steel in ingots or other primary forms were finally on the rise to reach 556 tons after two years of decline. Over the period under review, imports, however, faced a sharp slump.
In value terms, imports of stainless steel in ingots or other primary forms skyrocketed to $5.6M in 2022. In general, imports, however, continue to indicate a abrupt slump.
| Import of Stainless Steel in Ingots or Other Primary Forms in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,137 | 1,110 | 1,115 | 1,701 | 14.4% |
| Spain | N/A | 8.4 | 505 | 996 | 988.9% |
| United Kingdom | 8,162 | 5,566 | 614 | 962 | -51.0% |
| Belgium | N/A | 1.9 | 125 | 767 | 1909.2% |
| Netherlands | 55.7 | 67.2 | 70.3 | 366 | 87.3% |
| Germany | 109 | 68.6 | 443 | 237 | 29.6% |
| Italy | 238 | 84.0 | 154 | 76.0 | -31.6% |
| Poland | N/A | N/A | 10.0 | 64.4 | 544.0% |
| Finland | 100 | N/A | 52.8 | N/A | -27.3% |
| Others | 258 | 298 | 501 | 470 | 22.1% |
| Total | 10,061 | 7,204 | 3,589 | 5,641 | -17.5% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Ireland in 2022:
- Belgium (273.9 tons)
- Spain (207.1 tons)
- United Kingdom (61.7 tons)
- France (42.8 tons)
- Germany (40.1 tons)
- Netherlands (15.3 tons)
- Italy (13.5 tons)
- Poland (10.6 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Ireland
In 2022, shipments abroad of stainless steel in ingots or other primary forms decreased by -67.2% to 14 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a perceptible decline. The pace of growth was the most pronounced in 2020 with an increase of 67%.
In value terms, exports of stainless steel in ingots or other primary forms dropped notably to $204K in 2022. In general, exports showed a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 3.5%.
| Export of Stainless Steel in Ingots or Other Primary Forms in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1,326 | 693 | 276 | 152 | -51.4% |
| United States | 62.3 | 125 | 32.0 | 44.2 | -10.8% |
| Singapore | 7.2 | 1.2 | 1.8 | 5.6 | -8.0% |
| Switzerland | 723 | 419 | 973 | N/A | 16.0% |
| Others | 62.5 | 21.3 | 21.9 | 2.1 | -67.7% |
| Total | 2,181 | 1,261 | 1,305 | 204 | -54.6% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Ireland in 2022:
- United Kingdom (12.0 tons)
- United States (1.1 tons)
- Singapore (0.6 tons)
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