Price for Stainless Steel in Ingots or Other Primary Forms in Romania - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Romania (CIF) - 2023
- Price for Stainless Steel in Ingots or Other Primary Forms in Romania (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Romania
- Exports of Stainless Steel in Ingots or Other Primary Forms in Romania
Price for Stainless Steel in Ingots or Other Primary Forms in Romania (CIF) - 2023
In July 2023, the average import price for stainless steel in ingots or other primary forms amounted to $4,782 per ton, jumping by 37% against the previous month. Over the period under review, the import price, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in September 2022 an increase of 69% month-to-month. Over the period under review, average import prices hit record highs at $8,828 per ton in December 2022; however, from January 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($8,516 per ton), while the price for the Czech Republic ($1,969 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Stainless Steel in Ingots or Other Primary Forms in Romania (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $4,016 per ton, waning by -53.8% against the previous year. Over the period under review, the export price, however, enjoyed slight growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 193%. Over the period under review, the average export prices reached the maximum at $20,022 per ton in 2019; however, from 2020 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 France ($8,667 per ton), while the average price for exports to Denmark ($3,000 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 Sweden (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel in Ingots or Other Primary Forms in Romania
In 2022, purchases abroad of stainless steel in ingots or other primary forms increased by 17% to 662 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a dramatic setback.
In value terms, imports of stainless steel in ingots or other primary forms skyrocketed to $3.7M in 2022. Over the period under review, imports, however, showed a abrupt downturn.
| Import of Stainless Steel in Ingots or Other Primary Forms in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,141 | 1,076 | 1,364 | 1,386 | 6.7% |
| Italy | 906 | 881 | 703 | 1,324 | 13.5% |
| Spain | 46.0 | 121 | 3.7 | 524 | 125.0% |
| Czech Republic | 219 | 228 | 414 | 208 | -1.7% |
| Netherlands | 91.5 | 96.4 | 97.1 | 135 | 13.8% |
| United Kingdom | 2,337 | 41.3 | 12.8 | 40.4 | -74.1% |
| Austria | 112 | 151 | 1.8 | 12.9 | -51.3% |
| Sweden | 402 | 307 | 3.5 | N/A | -90.7% |
| Others | 29.8 | 112 | 327 | 110 | 54.5% |
| Total | 5,285 | 3,015 | 2,928 | 3,740 | -10.9% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Romania in 2022:
- Italy (272.2 tons)
- Germany (221.5 tons)
- Spain (82.2 tons)
- Czech Republic (57.3 tons)
- Netherlands (12.1 tons)
- Austria (2.1 tons)
- United Kingdom (1.8 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Romania
In 2022, the amount of stainless steel in ingots or other primary forms exported from Romania skyrocketed to 120 tons, with an increase of 1,678% against 2021 figures. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of stainless steel in ingots or other primary forms surged to $483K in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel in Ingots or Other Primary Forms in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 9.5 | 26.9 | 17.2 | 426 | 255.3% |
| Sweden | N/A | N/A | N/A | 43.6 | 0% |
| Bulgaria | N/A | N/A | 25.1 | 8.0 | -68.1% |
| France | 54.9 | 6.4 | 0.4 | 0.1 | -87.8% |
| Austria | 69.8 | 0.2 | 0.1 | N/A | -96.2% |
| Denmark | 26.5 | 22.4 | 0.8 | N/A | -82.6% |
| Others | 7.3 | 0.7 | 15.2 | 6.3 | -4.8% |
| Total | 168 | 56.7 | 58.9 | 483 | 42.2% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Romania in 2022:
- Germany (111.6 tons)
- Sweden (5.8 tons)
- Bulgaria (1.4 tons)
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