Price for Stainless Steel in Ingots or Other Primary Forms in Spain - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Spain (FOB) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Spain (CIF) - 2022
- Exports of Stainless Steel in Ingots or Other Primary Forms in Spain
- Imports of Stainless Steel in Ingots or Other Primary Forms in Spain
Price for Stainless Steel in Ingots or Other Primary Forms in Spain (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $5,972 per ton, surging by 36% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for stainless steel in ingots or other primary forms increased by +50.5% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($8,449 per ton), while the average price for exports to Italy ($5,165 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 France (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Stainless Steel in Ingots or Other Primary Forms in Spain (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $4,453 per ton, increasing by 44% against the previous year. Over the period under review, the import price saw a tangible increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 ($9,459 per ton), while the price for the United States ($2,993 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.5%), 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 Spain
After two years of decline, overseas shipments of stainless steel in ingots or other primary forms increased by 140% to 20K tons in 2022. Over the period under review, exports, however, saw a deep contraction.
In value terms, exports of stainless steel in ingots or other primary forms skyrocketed to $119M in 2022. In general, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel in Ingots or Other Primary Forms in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 48.0 | 29.1 | 5.1 | 46.0 | -1.4% |
| Italy | 21.0 | 16.7 | 16.8 | 41.2 | 25.2% |
| France | 9.6 | 7.8 | 7.8 | 11.8 | 7.1% |
| United Kingdom | 6.1 | 2.1 | 3.0 | 7.2 | 5.7% |
| United States | 1.0 | 0.5 | 0.1 | 4.3 | 62.6% |
| Germany | 1.0 | 2.1 | 1.5 | 4.0 | 58.7% |
| Others | 1.5 | 2.8 | 2.1 | 4.1 | 39.8% |
| Total | 88.1 | 61.3 | 36.4 | 119 | 10.5% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Spain in 2022:
- Italy (8.0K tons)
- Austria (7.2K tons)
- France (1.4K tons)
- United Kingdom (1.2K tons)
- Germany (0.7K tons)
- United States (0.6K tons)
Imports of Stainless Steel in Ingots or Other Primary Forms in Spain
In 2022, the amount of stainless steel in ingots or other primary forms imported into Spain reduced to 19K tons, falling by -11.7% against 2021 figures. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year.
In value terms, imports of stainless steel in ingots or other primary forms soared to $86M in 2022. Overall, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 75% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Stainless Steel in Ingots or Other Primary Forms in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 47.2 | 26.7 | 51.3 | 63.3 | 10.3% |
| Italy | 2.1 | 2.9 | 6.2 | 5.8 | 40.3% |
| United States | 0.2 | 0.1 | 1.8 | 4.6 | 184.4% |
| Sweden | 4.6 | 4.4 | 3.7 | 3.6 | -7.8% |
| Netherlands | N/A | 0.1 | 0.6 | 2.6 | 409.9% |
| Austria | 3.5 | 1.3 | 1.8 | 2.4 | -11.8% |
| France | 3.5 | 1.0 | 0.5 | 0.3 | -55.9% |
| Others | 3.4 | 2.3 | 1.7 | 3.4 | 0.0% |
| Total | 64.5 | 38.7 | 67.7 | 85.9 | 10.0% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Spain in 2022:
- United Kingdom (14.7K tons)
- United States (1.5K tons)
- Italy (1.1K tons)
- Sweden (0.6K tons)
- Netherlands (0.5K tons)
- Austria (0.3K tons)
- France (0.1K tons)
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