Price for Steel, Alloy; Ingots and Other Primary Forms in Belgium - 2023
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Belgium (CIF) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Belgium (FOB) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Belgium
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Belgium
Price for Steel, Alloy; Ingots and Other Primary Forms in Belgium (CIF) - 2022
The average import price for steel, alloy; ingots and other primary formses stood at $1,454 per ton in 2022, growing by 17% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% 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; ingots and other primary formses increased by +39.9% against 2020 indices. The growth pace was the most rapid in 2018 when the average import price increased by 60%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,951 per ton), while the price for Slovakia ($221 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Ingots and Other Primary Forms in Belgium (FOB) - 2022
The average export price for steel, alloy; ingots and other primary formses stood at $690 per ton in 2022, shrinking by -4.2% against the previous year. In general, the export price recorded a noticeable decrease. The pace of growth appeared the most rapid in 2018 an increase of 74%. The export price peaked at $2,377 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($3,275 per ton), while the average price for exports to Germany ($607 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 Switzerland (+11.3%), while the prices for the other major destinations experienced a decline.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Belgium
Imports of steel, alloy; ingots and other primary formses into Belgium reduced notably to 4.8K tons in 2022, falling by -82.6% on the year before. In general, imports faced a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 326% against the previous year. As a result, imports reached the peak of 28K tons, and then shrank remarkably in the following year.
In value terms, imports of steel, alloy; ingots and other primary formses contracted significantly to $7M in 2022. Overall, imports faced a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 408%. As a result, imports attained the peak of $35M, and then fell significantly in the following year.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.7 | 1.7 | 1.3 | 2.9 | -14.9% |
| Italy | 0.1 | N/A | 0.1 | 2.2 | 180.2% |
| Czech Republic | 0.2 | 0.1 | 0.5 | 1.5 | 95.7% |
| France | 7.4 | 4.2 | 4.1 | 0.3 | -65.6% |
| Slovakia | N/A | N/A | N/A | 0.1 | 0% |
| United Kingdom | N/A | N/A | 28.3 | N/A | 0% |
| Others | 0.7 | 0.8 | 0.2 | N/A | -46.5% |
| Total | 13.1 | 6.8 | 34.5 | 7.0 | -18.9% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Belgium in 2022:
- Germany (2159.8 tons)
- Italy (1127.2 tons)
- Czech Republic (1007.0 tons)
- Slovakia (270.0 tons)
- France (260.8 tons)
- United Kingdom (0.6 tons)
Exports of Steel, Alloy; Ingots and Other Primary Forms in Belgium
In 2022, overseas shipments of steel, alloy; ingots and other primary formses decreased by -64.1% to 290 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,656% against the previous year. As a result, the exports reached the peak of 854 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of steel, alloy; ingots and other primary formses shrank significantly to $200K in 2022. In general, exports, however, showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,475%. As a result, the exports attained the peak of $1.8M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 10.8 | 448 | N/A | 102 | 111.4% |
| Germany | 14.6 | 44.9 | 82.7 | 92.2 | 84.8% |
| China | N/A | 544 | N/A | N/A | 0% |
| United States | N/A | 452 | N/A | N/A | 0% |
| France | 76.3 | 328 | 64.0 | N/A | -8.4% |
| Turkey | N/A | N/A | 434 | N/A | 0% |
| Others | 13.9 | 3.9 | 2.3 | 6.1 | -24.0% |
| Total | 116 | 1,820 | 583 | 200 | 19.9% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Belgium in 2022:
- Germany (151.7 tons)
- India (137.0 tons)
663
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Belgium.
4688
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
215
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2367
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
764
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
1070
In value terms, ferro-cerium and other pyrophoric alloys exports totaled $X in 2016. In general, ferro-cerium and other pyrophoric alloys exports continue to indicate a relatively flat trend patter...
804
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
765
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
