Price for Stainless Steel in Ingots or Other Primary Forms in Israel - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Israel (CIF) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Israel (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Israel
- Exports of Stainless Steel in Ingots or Other Primary Forms in Israel
Price for Stainless Steel in Ingots or Other Primary Forms in Israel (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $5,891 per ton, picking up by 24% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 in ingots or other primary forms increased by +50.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 35%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($5,944 per ton) and the UK ($5,944 per ton), while the price for the United States ($5,475 per ton) and China ($5,943 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.3%), 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 Israel (FOB) - 2022
The average export price for stainless steel in ingots or other primary forms stood at $7,715 per ton in 2022, which is down by -45.5% against the previous year. In general, the export price, however, recorded a tangible increase. The pace of growth was the most pronounced in 2021 an increase of 116% against the previous year. As a result, the export price reached the peak level of $14,151 per ton, and then contracted notably in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($25,738 per ton), while the average price for exports to Germany amounted to $25,729 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.1%).
Imports of Stainless Steel in Ingots or Other Primary Forms in Israel
In 2022, imports of stainless steel in ingots or other primary forms into Israel skyrocketed to 278 tons, picking up by 68% on 2021 figures. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of stainless steel in ingots or other primary forms soared to $1.6M in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel in Ingots or Other Primary Forms in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 336 | 446 | 259 | 1,201 | 52.9% |
| India | N/A | N/A | 39.0 | 159 | 307.7% |
| United States | 188 | 69.0 | 392 | 144 | -8.5% |
| United Kingdom | 75.0 | 56.0 | 22.0 | 64.0 | -5.1% |
| Italy | N/A | N/A | 56.0 | 49.0 | -12.5% |
| Others | 17.0 | 7.0 | 19.0 | 18.0 | 1.9% |
| Total | 616 | 578 | 787 | 1,635 | 38.5% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Israel in 2022:
- China (202.1 tons)
- India (26.8 tons)
- United States (26.3 tons)
- United Kingdom (10.8 tons)
- Italy (8.2 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Israel
In 2022, after three years of growth, there was significant decline in shipments abroad of stainless steel in ingots or other primary forms, when their volume decreased by -35.4% to 29 tons. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 238% against the previous year. As a result, the exports attained the peak of 45 tons, and then dropped markedly in the following year.
In value terms, exports of stainless steel in ingots or other primary forms declined notably to $225K in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 631%. As a result, the exports attained the peak of $639K, and then fell dramatically in the following year.
| Export of Stainless Steel in Ingots or Other Primary Forms in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 45.0 | 0% |
| United States | N/A | N/A | N/A | 34.0 | 0% |
| Palestine | 16.7 | 28.2 | 56.1 | N/A | 83.3% |
| Sweden | 10.6 | N/A | N/A | N/A | 0% |
| United Kingdom | N/A | 52.2 | 22.0 | N/A | -57.9% |
| Netherlands | N/A | 2.9 | 222 | N/A | 7555.2% |
| Canada | 17.4 | N/A | N/A | N/A | 0% |
| Others | 25.0 | 4.3 | 339 | 146 | 80.1% |
| Total | 69.7 | 87.5 | 639 | 225 | 47.8% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Israel in 2022:
- Germany (1.7 tons)
- United States (1.3 tons)
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