Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Portugal - 2023
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Portugal (CIF) - 2022
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Portugal (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Portugal
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Portugal
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Portugal (CIF) - 2022
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,400 per ton in 2022, increasing by 43% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses increased by +68.4% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($6,275 per ton), while the price for the UK ($1,288 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Portugal (FOB) - 2022
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,561 per ton in 2022, rising by 38% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 62%. Over the period under review, the average export prices hit record highs at $24,625 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($12,915 per ton), while the average price for exports to Spain totaled $1,474 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+31.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Portugal
In 2022, the amount of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses imported into Portugal shrank to 8.9K tons, with a decrease of -3.6% on 2021. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +5.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. As a result, imports attained the peak of 9.2K tons, and then contracted slightly in the following year.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $12M in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 80% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.5 | 0.9 | 3.6 | 6.8 | 138.7% |
| Spain | 2.2 | 2.0 | 2.9 | 3.9 | 21.0% |
| Austria | 0.9 | N/A | 0.4 | 0.8 | -3.9% |
| United Kingdom | 1.8 | 0.5 | 0.2 | 0.7 | -27.0% |
| Germany | 1.0 | 1.2 | 0.9 | 0.3 | -33.1% |
| Netherlands | 0.3 | 0.3 | 1.0 | N/A | 82.6% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 6.7 | 5.0 | 9.0 | 12.4 | 22.8% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Portugal in 2022:
- Italy (4.8K tons)
- Spain (2.8K tons)
- Austria (0.6K tons)
- United Kingdom (0.5K tons)
- Germany (0.2K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Portugal
In 2022, overseas shipments of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses decreased by -0.6% to 272 tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +2.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 34% against the previous year. As a result, the exports attained the peak of 345 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses surged to $425K in 2022. The total export value increased at an average annual rate of +10.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 282 | 370 | 302 | 398 | 12.2% |
| Others | 32.2 | 39.8 | 9.2 | 27.1 | -5.6% |
| Total | 314 | 410 | 311 | 425 | 10.6% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Portugal in 2022:
- Spain (269.9 tons)
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