Price for Stainless Steel in Ingots or Other Primary Forms in the Czech Republic - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in the Czech Republic (CIF) - 2023
- Price for Stainless Steel in Ingots or Other Primary Forms in the Czech Republic (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in the Czech Republic
- Exports of Stainless Steel in Ingots or Other Primary Forms in the Czech Republic
Price for Stainless Steel in Ingots or Other Primary Forms in the Czech Republic (CIF) - 2023
The average import price for stainless steel in ingots or other primary forms stood at $6,928 per ton in August 2023, with an increase of 19% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in June 2023 when the average import price increased by 25% m-o-m. As a result, import price attained the peak level of $7,652 per ton. From July 2023 to August 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($19,542 per ton), while the price for Belgium ($1,654 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the UK (+6.5%), 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 the Czech Republic (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $2,716 per ton, falling by -14.2% against the previous year. Overall, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 28% against the previous year. The export price peaked at $3,419 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($5,650 per ton), while the average price for exports to Spain ($1,218 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 Ukraine (+14.0%), 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 the Czech Republic
After two years of decline, purchases abroad of stainless steel in ingots or other primary forms increased by 99% to 5.3K tons in 2022. In general, imports, however, saw a perceptible decline.
In value terms, imports of stainless steel in ingots or other primary forms surged to $28M in 2022. Overall, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel in Ingots or Other Primary Forms in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 16.6 | 13.3 | 9.7 | 22.8 | 11.2% |
| Italy | 1.8 | 1.9 | 1.5 | 2.8 | 15.9% |
| United Kingdom | 0.4 | 0.2 | 1.8 | 1.6 | 58.7% |
| Ukraine | 0.8 | N/A | 0.7 | 0.4 | -20.6% |
| Sweden | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 2.4 | 1.7 | 0.9 | 0.5 | -40.7% |
| Total | 22.1 | 17.1 | 14.6 | 28.2 | 8.5% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to the Czech Republic in 2022:
- Germany (4241.8 tons)
- Italy (466.5 tons)
- United Kingdom (210.6 tons)
- Sweden (129.1 tons)
- Ukraine (96.8 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in the Czech Republic
In 2022, shipments abroad of stainless steel in ingots or other primary forms was finally on the rise to reach 4K tons after two years of decline. Over the period under review, exports, however, recorded a deep slump.
In value terms, exports of stainless steel in ingots or other primary forms reached $11M in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. 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 the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,794 | 4,205 | 5,649 | 4,666 | 18.6% |
| Slovakia | 500 | 1,212 | 742 | 1,176 | 33.0% |
| Spain | 75.0 | 478 | 223 | 1,112 | 145.7% |
| Poland | 335 | 467 | 527 | 899 | 39.0% |
| Turkey | 146 | 208 | 158 | 634 | 63.1% |
| Slovenia | 267 | 15.5 | 132 | 241 | -3.4% |
| Romania | 222 | 224 | 433 | 195 | -4.2% |
| Italy | 1,051 | 855 | 474 | 168 | -45.7% |
| Hungary | 28.4 | 2.0 | N/A | 152 | 74.9% |
| Switzerland | 1,825 | 1,015 | 21.6 | 55.8 | -68.7% |
| Luxembourg | 289 | 98.4 | 85.2 | N/A | -45.7% |
| Ukraine | 1,849 | 639 | 119 | N/A | -74.6% |
| Others | 598 | 1,027 | 895 | 1,449 | 34.3% |
| Total | 9,979 | 10,446 | 9,458 | 10,748 | 2.5% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from the Czech Republic in 2022:
- Germany (1925.8 tons)
- Spain (912.9 tons)
- Poland (291.9 tons)
- Slovakia (235.7 tons)
- Turkey (112.3 tons)
- Hungary (67.0 tons)
- Slovenia (63.6 tons)
- Italy (58.0 tons)
- Romania (51.3 tons)
- Switzerland (7.7 tons)
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