Price for Stainless Steel in Ingots or Other Primary Forms in Switzerland - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Switzerland (CIF) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Switzerland (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Switzerland
- Exports of Stainless Steel in Ingots or Other Primary Forms in Switzerland
Price for Stainless Steel in Ingots or Other Primary Forms in Switzerland (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $3,559 per ton, with an increase of 17% against the previous year. Over the period under review, the import price, however, saw a mild slump. The pace of growth appeared the most rapid in 2019 an increase of 122% against the previous year. As a result, import price attained the peak level of $7,372 per ton. From 2020 to 2022, the average 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 Slovenia ($50,296 per ton), while the price for Germany ($2,862 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+33.8%), 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 Switzerland (FOB) - 2022
The average export price for stainless steel in ingots or other primary forms stood at $24,979 per ton in 2022, rising by 11% against the previous year. In general, the export price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 143%. The export price peaked at $52,978 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($186,441 per ton), while the average price for exports to Germany ($7,457 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 (+38.6%), 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 Switzerland
In 2022, after three years of growth, there was significant decline in overseas purchases of stainless steel in ingots or other primary forms, when their volume decreased by -17% to 3.8K tons. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 135% against the previous year.
In value terms, imports of stainless steel in ingots or other primary forms shrank to $13M in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 33%. As a result, imports attained the peak of $14M, and then contracted in the following year.
| Import of Stainless Steel in Ingots or Other Primary Forms in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.7 | 6.9 | 10.3 | 9.8 | 13.5% |
| Italy | 0.4 | 0.4 | 0.7 | 0.9 | 31.0% |
| United States | 0.3 | 0.2 | 0.3 | 0.8 | 38.7% |
| Czech Republic | 1.8 | 1.1 | N/A | 0.1 | -61.8% |
| Others | 2.1 | 1.9 | 2.4 | 1.9 | -3.3% |
| Total | 11.3 | 10.4 | 13.8 | 13.4 | 5.8% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Switzerland in 2022:
- Germany (3430.0 tons)
- United States (117.5 tons)
- Italy (104.2 tons)
- Czech Republic (7.7 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Switzerland
Exports of stainless steel in ingots or other primary forms from Switzerland shrank to 63 tons in 2022, waning by -5.2% on the previous year's figure. Overall, exports faced a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 1.1% against the previous year.
In value terms, exports of stainless steel in ingots or other primary forms rose significantly to $1.6M in 2022. In general, exports faced a abrupt downturn.
| Export of Stainless Steel in Ingots or Other Primary Forms in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 330 | 235 | 409 | 631 | 24.1% |
| Germany | 433 | 374 | 269 | 328 | -8.8% |
| Poland | 351 | 271 | 329 | 208 | -16.0% |
| Italy | 201 | 34.7 | 97.1 | 98.6 | -21.1% |
| Canada | 0.8 | N/A | 0.2 | 83.8 | 371.4% |
| Austria | 196 | 192 | 152 | 73.1 | -28.0% |
| France | 261 | 257 | 23.9 | 59.7 | -38.8% |
| Turkey | 611 | 85.2 | 0.2 | 1.5 | -86.5% |
| Serbia | N/A | N/A | 42.2 | N/A | 0% |
| Others | 194 | 234 | 178 | 97.9 | -20.4% |
| Total | 2,577 | 1,682 | 1,501 | 1,581 | -15.0% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Switzerland in 2022:
- Germany (44.0 tons)
- United States (12.3 tons)
- Poland (5.8 tons)
- Italy (2.0 tons)
- Austria (1.9 tons)
- Canada (1.0 tons)
- France (0.3 tons)
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