Price for Stainless Steel in Ingots or Other Primary Forms in the Netherlands - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in the Netherlands (CIF) - 2023
- Price for Stainless Steel in Ingots or Other Primary Forms in the Netherlands (FOB) - 2023
- Imports of Stainless Steel in Ingots or Other Primary Forms in the Netherlands
- Exports of Stainless Steel in Ingots or Other Primary Forms in the Netherlands
Price for Stainless Steel in Ingots or Other Primary Forms in the Netherlands (CIF) - 2023
In August 2023, the average import price for stainless steel in ingots or other primary forms amounted to $5,305 per ton, with an increase of 26% against the previous month. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 28% against the previous month. Over the period under review, average import prices reached the peak figure at $5,469 per ton in September 2022; however, from October 2022 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($31,204 per ton), while the price for Kazakhstan ($1,991 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 Singapore (+33.9%), 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 Netherlands (FOB) - 2023
The average export price for stainless steel in ingots or other primary forms stood at $3,351 per ton in August 2023, surging by 109% against the previous month. Over the period under review, the export price recorded modest growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Vietnam ($90,352 per ton), while the average price for exports to Switzerland ($3,454 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+29.0%), 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 Netherlands
In 2022, overseas purchases of stainless steel in ingots or other primary forms decreased by -12% to 8.7K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 0.2% against the previous year. As a result, imports attained the peak of 11K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of stainless steel in ingots or other primary forms amounted to $35M in 2022. The total import value increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 24% 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 the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 0.1 | N/A | N/A | 11.2 | 382.0% |
| India | 2.7 | 1.1 | 4.2 | 5.9 | 29.8% |
| Ukraine | 3.6 | 2.8 | 3.9 | 4.3 | 6.1% |
| Russia | 12.0 | 8.9 | 7.7 | 3.0 | -37.0% |
| Germany | 2.9 | 3.2 | 2.7 | 2.4 | -6.1% |
| Poland | 0.4 | 1.7 | 1.5 | 1.5 | 55.4% |
| Austria | N/A | N/A | N/A | 1.4 | 0% |
| Belgium | 1.6 | 1.5 | 2.7 | 0.3 | -42.8% |
| Belarus | 0.7 | 1.0 | N/A | N/A | 42.9% |
| Others | 2.5 | 4.3 | 7.6 | 4.7 | 23.4% |
| Total | 26.5 | 24.4 | 30.3 | 34.5 | 9.2% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to the Netherlands in 2022:
- Kazakhstan (2942.5 tons)
- Ukraine (1423.7 tons)
- Russia (998.9 tons)
- Austria (637.0 tons)
- India (626.2 tons)
- Germany (585.7 tons)
- Poland (261.4 tons)
- Belgium (134.7 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in the Netherlands
In 2022, exports of stainless steel in ingots or other primary forms from the Netherlands skyrocketed to 16K tons, increasing by 19% against 2021. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 589%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of stainless steel in ingots or other primary forms surged to $32M in 2022. In general, exports posted a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 102%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Stainless Steel in Ingots or Other Primary Forms in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 12.3 | 6.6 | 18.3 | 16.9 | 11.2% |
| Belgium | 3.6 | 2.4 | 4.2 | 6.4 | 21.1% |
| Others | 8.5 | 4.2 | 4.1 | 8.8 | 1.2% |
| Total | 24.4 | 13.2 | 26.6 | 32.1 | 9.6% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from the Netherlands in 2022:
- Germany (11.2K tons)
- Belgium (1.4K tons)
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