Price for Stainless Steel in Ingots or Other Primary Forms in Turkey - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Turkey (CIF) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Turkey (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Turkey
- Exports of Stainless Steel in Ingots or Other Primary Forms in Turkey
Price for Stainless Steel in Ingots or Other Primary Forms in Turkey (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $2,577 per ton, jumping by 22% against the previous year. Over the period under review, the import price, however, faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 260% against the previous year. Over the period under review, average import prices hit record highs at $29,724 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +11.9% per year.
Price for Stainless Steel in Ingots or Other Primary Forms in Turkey (FOB) - 2022
The average export price for stainless steel in ingots or other primary forms stood at $2,755 per ton in 2022, declining by -41% against the previous year. Over the period under review, the export price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 140% against the previous year. As a result, the export price attained the peak level of $4,670 per ton, and then reduced sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($40,358 per ton), while the average price for exports to the Netherlands ($2,672 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 the UK (+47.7%), 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 Turkey
After three years of growth, supplies from abroad of stainless steel in ingots or other primary forms decreased by -65.8% to 21K tons in 2022. Overall, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 320%. As a result, imports attained the peak of 61K tons, and then dropped remarkably in the following year.
In value terms, imports of stainless steel in ingots or other primary forms dropped dramatically to $54M in 2022. Over the period under review, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 408%. As a result, imports attained the peak of $129M, and then fell sharply in the following year.
| Import of Stainless Steel in Ingots or Other Primary Forms in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 11.5 | 24.0 | 128 | 51.5 | 64.8% |
| Others | 1.2 | 1.4 | 1.1 | 2.2 | 22.4% |
| Total | 12.7 | 25.4 | 129 | 53.7 | 61.7% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Turkey in 2022:
- Indonesia (20.3K tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Turkey
In 2022, exports of stainless steel in ingots or other primary forms from Turkey surged to 1.1K tons, jumping by 687% against the previous year's figure. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of stainless steel in ingots or other primary forms surged to $2.9M in 2022. In general, exports saw significant growth. 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 Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | 0.8 | 17.9 | 2,113 | 5039.3% |
| Russia | 1.6 | N/A | 0.2 | 161 | 365.1% |
| France | 24.6 | 44.0 | 97.7 | 151 | 83.1% |
| Turkmenistan | N/A | N/A | N/A | 101 | 0% |
| Morocco | N/A | N/A | 1.4 | 85.6 | 6014.3% |
| Netherlands | N/A | N/A | 184 | 71.3 | -61.3% |
| United Kingdom | 346 | 564 | N/A | 37.8 | -52.2% |
| Niger | N/A | 217 | N/A | N/A | 0% |
| Lithuania | N/A | 15.8 | N/A | N/A | 0% |
| Oman | 49.6 | N/A | 13.0 | N/A | -48.8% |
| United Arab Emirates | 140 | 32.1 | 16.1 | N/A | -66.1% |
| Others | 218 | 77.8 | 305 | 228 | 1.5% |
| Total | 780 | 951 | 635 | 2,948 | 55.8% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Turkey in 2022:
- Italy (323.4 tons)
- Morocco (27.5 tons)
- Netherlands (26.7 tons)
- Russia (24.7 tons)
- France (8.7 tons)
- Turkmenistan (7.0 tons)
- United Kingdom (0.9 tons)
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