Price for Stainless Steel in Ingots or Other Primary Forms in Serbia - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Serbia (FOB) - 2023
- Price for Stainless Steel in Ingots or Other Primary Forms in Serbia (CIF) - 2022
- Exports of Stainless Steel in Ingots or Other Primary Forms in Serbia
- Imports of Stainless Steel in Ingots or Other Primary Forms in Serbia
Price for Stainless Steel in Ingots or Other Primary Forms in Serbia (FOB) - 2023
The average export price for stainless steel in ingots or other primary forms stood at $8,927 per ton in August 2023, jumping by 89% against the previous month. Over the period under review, the export price posted a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Bosnia and Herzegovina.
From September 2022 to August 2023, the rate of growth in terms of prices for Bosnia and Herzegovina amounted to +8.2% per month.
Price for Stainless Steel in Ingots or Other Primary Forms in Serbia (CIF) - 2022
The average import price for stainless steel in ingots or other primary forms stood at $6,174 per ton in 2022, picking up by 10% against the previous year. Over the period under review, the import price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2016 an increase of 150% against the previous year. The import price peaked at $8,063 per ton in 2014; however, from 2015 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 Austria ($10,624 per ton), while the price for Italy ($5,412 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Stainless Steel in Ingots or Other Primary Forms in Serbia
In 2022, approx. 444 tons of stainless steel in ingots or other primary forms were exported from Serbia; rising by 43% on the previous year. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 75% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of stainless steel in ingots or other primary forms declined to $1.8M in 2022. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 135%. As a result, the exports reached the peak of $1.8M, leveling off in the following year.
| Export of Stainless Steel in Ingots or Other Primary Forms in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 521 | 725 | 1,788 | 1,733 | 49.3% |
| Slovenia | N/A | 38.1 | 7.3 | 63.9 | 29.5% |
| Others | N/A | 5.7 | 12.7 | 0.7 | -65.0% |
| Total | 521 | 769 | 1,808 | 1,797 | 51.1% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Serbia in 2022:
- Bosnia and Herzegovina (432.5 tons)
- Slovenia (9.4 tons)
Imports of Stainless Steel in Ingots or Other Primary Forms in Serbia
After three years of growth, supplies from abroad of stainless steel in ingots or other primary forms decreased by -22.4% to 53 tons in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 325%.
In value terms, imports of stainless steel in ingots or other primary forms reduced to $324K in 2022. Over the period under review, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 180%.
| Import of Stainless Steel in Ingots or Other Primary Forms in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | N/A | 177 | 276 | 268 | 23.0% |
| Austria | N/A | 40.3 | 75.9 | 17.6 | -33.9% |
| Italy | 9.0 | 0.1 | N/A | 13.2 | 13.6% |
| United Kingdom | 66.4 | 4.5 | N/A | 9.6 | -47.5% |
| Germany | 5.8 | 16.6 | 18.9 | 4.2 | -10.2% |
| Others | 6.4 | 6.6 | 8.9 | 12.0 | 23.3% |
| Total | 87.6 | 245 | 380 | 324 | 54.6% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Serbia in 2022:
- Slovenia (46.5 tons)
- Italy (2.4 tons)
- Austria (1.7 tons)
- United Kingdom (1.0 tons)
- Germany (0.7 tons)
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