Price for Stainless Steel in Ingots or Other Primary Forms in Qatar - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Qatar (CIF) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Qatar
Price for Stainless Steel in Ingots or Other Primary Forms in Qatar (CIF) - 2022
The average import price for stainless steel in ingots or other primary forms stood at $4,816 per ton in 2022, dropping by -73.8% against the previous year. Overall, the import price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2021 an increase of 1,015% against the previous year. The import price peaked at $21,752 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 Malaysia ($20,530 per ton), while the price for China ($4,420 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+298.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Stainless Steel in Ingots or Other Primary Forms in Qatar
In 2022, approx. 444 tons of stainless steel in ingots or other primary forms were imported into Qatar; picking up by 1,177% compared with the previous year's figure. Over the period under review, imports continue to indicate a significant increase.
In value terms, imports of stainless steel in ingots or other primary forms soared to $2.1M in 2022. In general, imports recorded 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 Qatar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 87.7 | 46.4 | N/A | 1,876 | 177.6% |
| India | 14.4 | N/A | 22.9 | 131 | 108.8% |
| South Korea | N/A | 376 | N/A | N/A | 0% |
| Austria | N/A | 351 | N/A | N/A | 0% |
| Others | 859 | 83.1 | 617 | 130 | -46.7% |
| Total | 961 | 856 | 640 | 2,137 | 30.5% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Qatar in 2022:
- China (424.5 tons)
- India (12.9 tons)
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