Price for Steel, Alloy; Angles, Shapes and Sections in the Czech Republic - 2023

Contents:

1. Price for Steel, Alloy; Angles, Shapes and Sections in the Czech Republic (FOB) - 2023
2. Price for Steel, Alloy; Angles, Shapes and Sections in the Czech Republic (CIF) - 2023
3. Exports of Steel, Alloy; Angles, Shapes and Sections in the Czech Republic
4. Imports of Steel, Alloy; Angles, Shapes and Sections in the Czech Republic

Price for Steel, Alloy; Angles, Shapes and Sections in the Czech Republic (FOB) - 2023

The average export price for steel, alloy; angles, shapes and sectionses stood at $2,011 per ton in December 2023, with an increase of 40% against the previous month. Over the period under review, the export price, however, saw a abrupt decrease. Over the period under review, the average export prices attained the maximum at $6,842 per ton in December 2022; however, from January 2023 to December 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was France ($2,166 per ton), while the average price for exports to the UK ($1,400 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-0.6%), while the prices for the other major destinations experienced a decline.

Price for Steel, Alloy; Angles, Shapes and Sections in the Czech Republic (CIF) - 2023

The average import price for steel, alloy; angles, shapes and sectionses stood at $3,252 per ton in December 2023, surging by 33% against the previous month. In general, import price indicated a mild increase from December 2022 to December 2023: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for steel, alloy; angles, shapes and sectionses increased by +75.9% against October 2023 indices. Over the period under review, average import prices hit record highs at $4,160 per ton in July 2023; however, from August 2023 to December 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($5,697 per ton), while the price for Turkey ($1,322 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Turkey (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Steel, Alloy; Angles, Shapes and Sections in the Czech Republic

In 2022, the amount of steel, alloy; angles, shapes and sectionses exported from the Czech Republic reached 5K tons, with an increase of 10% against 2021. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 212% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, exports of steel, alloy; angles, shapes and sectionses soared to $11M in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 240% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Steel, Alloy; Angles, Shapes and Sections from the Czech Republic in 2022:

1. Slovakia (3620.8 tons)
2. United Kingdom (577.3 tons)
3. Austria (543.5 tons)
4. Poland (114.9 tons)

Imports of Steel, Alloy; Angles, Shapes and Sections in the Czech Republic

Imports of steel, alloy; angles, shapes and sectionses into the Czech Republic expanded slightly to 2.9K tons in 2022, growing by 4.6% against the previous year's figure. The total import volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 25%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of steel, alloy; angles, shapes and sectionses amounted to $6.2M in 2022. In general, total imports indicated a notable expansion from 2019 to 2022: its value increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 53%. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to the Czech Republic in 2022:

1. Austria (797.0 tons)
2. Italy (616.2 tons)
3. Germany (462.9 tons)
4. Sweden (326.3 tons)
5. Turkey (322.3 tons)
6. Poland (180.6 tons)
7. Japan (61.1 tons)
8. China (45.0 tons)
9. Slovakia (43.4 tons)

Source: IndexBox Market Intelligence Platform